Friday, December 3, 2010

What's with the price of metal?

This post is going to "date" me. I know it, but I can't help it. Today - well actually, yesterday I was floored by the cost of silver for an ounce. It was over $28.00. That is totally insane. It used to be the "go to metal" when someone couldn't afford to work in gold. Today I am adding a ticker to the side bar of this blog so we can all watch what is going on here. Hopefully it will update as it's supposed to.

When you see jewelry made in copper and brass there is a very good reason for it...customers don't always understand why a silver jewelry piece is so expensive. Well, I get it - because I used to buy silver when it was $4.-$6.- an ounce and when we were teens those heavy ID bracelets and charm bracelets were silver and relatively inexpensive. Now we've all got sticker shock.

Today the price jumped by +$2.14 an ounce. When will the madness stop? Heck if I know, but it's not going to make creating silver jewelry very easy. What if you make a mistake on a piece? I can save the scrap and cast with it but even then you can only use 40% scrap in a piece. I feel like that info commericial diet lady who used to scream, "Stop the Insanity." Thank goodness for alternative metals but how long are those going to remain at a lower price? I'm betting not for long. Maybe we all ought to start stocking piling some of those soon.


rosebud101 said...

I think you're right, Sharon. I keep stocking up on brass and copper. I can't afford silver any more.

Sharon Driscoll said...

I don't think I can either!