Gold Prices are Up

In two related articles, gold prices seem to be rising for manufacturers, and will soon be seen on the retail shelves where consumers buy.

Jewelers Circular Keystone: “Rising gold will affect prices, sales
Jewelers are bracing for higher gold jewelry wholesale costs next year, following the recent rise in the price of gold�costs they�ll have to pass on to customers.
– 12/3/2004

Gold strikes 16-year high; Passes $450 an ounce
Gold rushed passed its 16 year high to more than $450 an ounce Thursday, before pausing as players began to eye the next big target of $455.
– 11/26/2004″

Popularity of Platinum is Falling

When I was first managing a jewelry store in the 1980’s in Texas, platinum was quite a rarity. Most people wanted yellow gold for all their find jewelry. It wasn’t till recent years that platinum actually became more popular than gold. Now it looks like the trend is starting to come back around. It always does. Want to be ahead of the trend? Start buying yellow gold!

Jewelers Circular Keystone: “Platinum demand for jewelry is expected to fall by year’s end
Purchases of platinum for jewelry manufacturing are forecasted to fall by 10% in 2004 to 2.20 million ounces, the lowest level of demand for seven years, according to a report from Johnson Matthey.
– 11/19/2004″