Sunday, March 16, 2008

$1000 PER OUNCE GOLD - KNOWING WHEN TO HOLD IT OR FOLD IT

"You've got to know when to hold 'em, know when to fold them". Ok, so you can't hear me singing my favorite verse to Kenny Roger's song "The Gambler" but what does that have to do with this jewelry blog? Well, let me ask you an important question.....with gold currently trading on the world markets at $1000.00 or more per ounce, how does that affect you? Here are a couple of answers:

1. Yes, yellow or white gold jewelry may cost a little more because of the higher per ounce pricing, but there is also more demand upon manufacturer's to curtail prices and make lighter, more interesting designs. And guess what? You can even trade in your old, unwanted gold jewelry or items for brand new jewelry in my store thus making it very easy to refresh your jewelry wardrobe and have no out of pocket expense!

2. You can simply sell your old gold and put lots of money in your pocket, pay off a nagging bill or credit card or have money for home improvements! With gold at a 25 year high price, chances are you'll get the most return on your investment right now and you want even have to speculate in the precious metals market to do it!

Many customers ask me why the price of gold has went so high? There are certainly many reasons but here are a few of the most important: Watch the value of the US dollar...when the dollar is weak, gold will usually be very strong and go up in price. If the real estate market is weak, gold will usually be stronger and lets not forget the price of crude oil....pay close attention...when oil goes up in price...historically, gold will do the same!

I hope you've found this info about the gold market interesting....now back to singing my favorite Kenny Roger's songs...

Success,

Bill Warren, Owner/Registered Gemologist
The Gold Mine Fine Jewelry & Gifts, Inc.
545 Main St.
Hudson, NC 28638
Tel: 828-726-1009
Email: goldman86@bellsouth.net
Website: www.hudsongoldmine.com

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