Gold hits new record per/ounce price!

[isaku5]

I made the colossal mistake of selling some of my gold at around $1200./troy ounce and another batch at $1350. I still netted a nice profit, but at $1850., it would have been more. On the other hand, the price could have tanked and I'd have lost out on a good opportunity. Who knew????

 

[AGBF]

Well, I am set on making a single direction double-loop-in-loop chain, that will look pretty much exactly like this (link below), only heavier, since mine will be in 20 gauge rather than the 22 gauge that this is in. The silver one I've already made has identical endcaps, minus the granulation, and a S-hook instead of a toggle. I will likely do that endcap again. It's a bit tricky, but lovely when finished.
It won't take all of my wire, I'm fairly certain, and since I'm making it for myself, the labor is free. I paid $4200 for the wire, and I guarantee that even before the price hikes, there is no way on earth I could have gotten a chain like that for $4200 or under. Besides, I get the fun of making something! Woot!

http://www.denisebetesh.com/item.php?category=HANDMADE%20CHAINS&item=4100&offset=0

Ummm...this belongs in the gold thread.

Deb

 

[ksinger]

Well, I am set on making a single direction double-loop-in-loop chain, that will look pretty much exactly like this (link below), only heavier, since mine will be in 20 gauge rather than the 22 gauge that this is in. The silver one I've already made has identical endcaps, minus the granulation, and a S-hook instead of a toggle. I will likely do that endcap again. It's a bit tricky, but lovely when finished.
It won't take all of my wire, I'm fairly certain, and since I'm making it for myself, the labor is free. I paid $4200 for the wire, and I guarantee that even before the price hikes, there is no way on earth I could have gotten a chain like that for $4200 or under. Besides, I get the fun of making something! Woot!

http://www.denisebetesh.com/item.php?category=HANDMADE%20CHAINS&item=4100&offset=0

Ummm...this belongs in the gold thread.

Deb

seriously?

 

[gemgirl]

Well, just a little while ago, I bought 3 oz of 22K gold wire for a chain project and because I wanted to have a bit more gold - 2 birds with one stone. I bought at $1485/oz, and look at it now. Yikes!

Yeah. But. It ain't gonna stay high forever. I remember when the metals were high in the late 70's or early 80's. It now seems insane that anyone bought anything made of gold or silver made then. Unless you have an urgent need for something right now, wait. (By the way, I didn't mean wait on projects requiring 3 ounces of gold, ksinger! I meant to wait on adding a 24K gold bangle to your set, AGBF!)

Deb/AGBF

Deb...should i sell my 24K necklace? it weight 70 grams.

You would be crazy to sell that DF. No one I know, and I know a LOT of women with many many pricey pieces of gold in their collections,
owns anything like that. Pure 24K? Keep it to pass down to your eldest.

 

[AGBF]

Well, I am set on making a single direction double-loop-in-loop chain, that will look pretty much exactly like this (link below), only heavier, since mine will be in 20 gauge rather than the 22 gauge that this is in. The silver one I've already made has identical endcaps, minus the granulation, and a S-hook instead of a toggle. I will likely do that endcap again. It's a bit tricky, but lovely when finished.
It won't take all of my wire, I'm fairly certain, and since I'm making it for myself, the labor is free. I paid $4200 for the wire, and I guarantee that even before the price hikes, there is no way on earth I could have gotten a chain like that for $4200 or under. Besides, I get the fun of making something! Woot!

http://www.denisebetesh.com/item.php?category=HANDMADE%20CHAINS&item=4100&offset=0

Ummm...this belongs in the gold thread.

Deb

seriously?

Of course. Why wouldn't I be serious? You are making a really original piece of high karat gold jewelry; that is what people reading the gold thread want to read about! It ia all we want to read about!

Deb

 

[MichelleCarmen]

I made the colossal mistake of selling some of my gold at around $1200./troy ounce and another batch at $1350. I still netted a nice profit, but at $1850., it would have been more. On the other hand, the price could have tanked and I'd have lost out on a good opportunity. Who knew????

Yep, I did the same. Sold a lot of gold when it was around $1200. I did get a great overall price for the amount, but now would have made so much more! Oh well!

 

[MichelleCarmen]

Well, just a little while ago, I bought 3 oz of 22K gold wire for a chain project and because I wanted to have a bit more gold - 2 birds with one stone. I bought at $1485/oz, and look at it now. Yikes!

Yeah. But. It ain't gonna stay high forever. I remember when the metals were high in the late 70's or early 80's. It now seems insane that anyone bought anything made of gold or silver made then. Unless you have an urgent need for something right now, wait. (By the way, I didn't mean wait on projects requiring 3 ounces of gold, ksinger! I meant to wait on adding a 24K gold bangle to your set, AGBF!)

Deb/AGBF

Weren't diamonds exceptionally high around that time too? I'm planning a project but simply won't pay the prices that are out there and am willing to wait a year and wear fashion jewelry in the meantime (silver pieces, etc.).

 

[Dancing Fire]

[quote="gemgirl|1313934297

You would be crazy to sell that DF. No one I know, and I know a LOT of women with many many pricey pieces of gold in their collections,
owns anything like that. Pure 24K? Keep it to pass down to your eldest.[/quote]


but if gold goes back down i can then buy it back at cheaper price... i bought the necklace when gold was like $340 per oz.

 

[jewelerman]

good morning,
for those following this thread...gold hit new high this morning...$1898.60! and silver hit 43.00 and even though its not over the Jan.1980 record of $50.01 per ounce for silver, it is getting close!

 

[rosetta]

No more gold for me, so glad I got my wedding jewellery when I did now!

How's platinum doing?

 

[jewelerman]

platinum is currently at $1907.

 

[jewelerman]

new up date...just before closing today gold shot up to 1919.70 and then settled at closing at 1911.00!!!just 5.00 less then platinum! looks like we are in a market panic!

 

[centralsquare]

new up date...just before closing today gold shot up to 1919.70 and then settled at closing at 1911.00!!!just 5.00 less then platinum! looks like we are in a market panic!

Urgh - will it ever end?!?!

 

[Dancing Fire]

new up date...just before closing today gold shot up to 1919.70 and then settled at closing at 1911.00!!!just 5.00 less then platinum! looks like we are in a market panic!

hope it holds above $1900,cuz i am selling some gold on wednesday afternoon.

 

[jewelerman]

Dancing Fire,
i will buy that 24karat chain from you for $350! that's a profit of 10.00 over what you paid right?! seems like a fair profit to me!

 

[jewelerman]

oh!!!re-read the post you bought at $340 an ounce!!!changes things...i will have to offer less now!!! .let us know how you make out on the sale!!!

 

[Dancing Fire]

oh!!!re-read the post you bought at $340 an ounce!!!changes things...i will have to offer less now!!! .let us know how you make out on the sale!!!

i'm selling some 24K scrap gold that i purchased last week + some 1 oz. Maple Leaves.i don't think i will sell the chain.

 

[monarch64]

My father gave me some solid 14k-18k pieces after he went through his mid-life crisis in the '80's (gold nugget bracelet, giant rope chains, herringbones, etc.) that I've held on to since the 1990's. I also have many pieces I bought for myself while I was in college that I've never traded in. Saving them all for a rainy day, and will continue to do so. When gold went up a few years ago I thought about selling but wasn't in the position where I needed to and I'm so glad I didn't.

 

[Dancing Fire]

new up date...just before closing today gold shot up to 1919.70 and then settled at closing at 1911.00!!!just 5.00 less then platinum! looks like we are in a market panic!

hope it holds above $1900,cuz i am selling some gold on wednesday afternoon.

well,just my luck...gold dropped $130 in the past 2 days...

 

[Porridge]

Finally some leveling out? http://businessetc.thejournal.ie/go...ush-ends-209556-Aug2011/?utm_source=shortlink

 

[gemgirl]

[quote="gemgirl|1313934297

You would be crazy to sell that DF. No one I know, and I know a LOT of women with many many pricey pieces of gold in their collections,
owns anything like that. Pure 24K? Keep it to pass down to your eldest.

but if gold goes back down i can then buy it back at cheaper price... i bought the necklace when gold was like $340 per oz.[/quote]

I'm with you in that I bought most of what my husband and I own jewelry-wise when gold was under $300 an troy ounce. Gold will NEVER be very inexpensive again. It just won't happen.

 

[Dancing Fire]

[quote="gemgirl|1313934297

You would be crazy to sell that DF. No one I know, and I know a LOT of women with many many pricey pieces of gold in their collections,
owns anything like that. Pure 24K? Keep it to pass down to your eldest.

but if gold goes back down i can then buy it back at cheaper price... i bought the necklace when gold was like $340 per oz.

I'm with you in that I bought most of what my husband and I own jewelry-wise when gold was under $300 an troy ounce. Gold will NEVER be very inexpensive again. It just won't happen.[/quote]
never know.i watch gold hit $850 an oz in 1980 then back down to $265 oz in 1999. i don't think we'll see $700 gold again maybe $1000

 

[MichelleCarmen]

new up date...just before closing today gold shot up to 1919.70 and then settled at closing at 1911.00!!!just 5.00 less then platinum! looks like we are in a market panic!

hope it holds above $1900,cuz i am selling some gold on wednesday afternoon.

well,just my luck...gold dropped $130 in the past 2 days...

Good. Hopefully diamonds are next I'm finally looking to buy a couple new ones!

 

[crown1]

new up date...just before closing today gold shot up to 1919.70 and then settled at closing at 1911.00!!!just 5.00 less then platinum! looks like we are in a market panic!

hope it holds above $1900,cuz i am selling some gold on wednesday afternoon.

well,just my luck...gold dropped $130 in the past 2 days...

i see gold is 1901 this morning. did you already sell?

 

[Dancing Fire]

new up date...just before closing today gold shot up to 1919.70 and then settled at closing at 1911.00!!!just 5.00 less then platinum! looks like we are in a market panic!

hope it holds above $1900,cuz i am selling some gold on wednesday afternoon.

well,just my luck...gold dropped $130 in the past 2 days...

i see gold is 1901 this morning. did you already sell?

yes,sold some on Aug 24 when it was $1760...