Thursday, May 23, 2013

Get some Silver, the price has dropped.

Thanks to you new folks who just subscribed to my blog and thanks for hanging around to all of you who are still subscribers. I haven't posted anything in quite awhile, I have been away from my bench, pursuing other creative things like music and sewing.

Today I wanted to bring it to your attention in case you haven't noticed -- SILVER spot price is all the way down to $22.75. You can see that in the chart on the right side of your screen. This price is very affordable to us craftspeople, so it is time to buy.

An interesting thing occurred during the past few years -- due to the SILVER price getting so high, many people turned to Copper and other less expensive metals for their production. Since I am a Silversmith, enjoy soldering, know how to bezel set stones, etc, I am not that crazy about a lot of the work I have seen on Etsy, Pinterest and other websites. However, I have seen some really interesting pieces and I hope the artists who developed these techniques will start using SILVER again. I am referring to the Bohemian style jewelry that is proliferating right now -- twisted wire, lots of beads, simple construction, NO soldering, etc. Since the price of SILVER is low and these techniques are fast and furious, I don't see why the quality of work can not come up by switching back to SILVER and still be affordable.

I plan on starting a new production run soon. When the SILVER spot price was $45+ an ounce, I just couldn't justify using up my stock for the ROI I would get for my finished work. The spoiled public will only pay so much for silver jewelry and there is no way I can get my prices down to match what is available as imports, regardless of quality. Now that the price has dropped I can eek out a profit again, while maintaining my quality and design standards. 

So thank you to the World Banker guys (who are constantly ratcheting everything up and down) for focusing  on other commodities like Oil, Bonds, etc and allowing the SILVER price to go down. I appreciate being able to get back to work. So get some SILVER and get busy! =)

Please comment!


PS I have a couple of Jewelry related Boards on Pinterest -- check them out if you have time:

1 comment:

Britnea Wilson said...

Wow, Your combination is really so lovely and fabulous, i like much more all. Thanks for sharing buddy! silver jewelry