In December last year, I blogged about gold hovering around $1,200 an ounce, comparing that to to an earlier message when I reported it was about $800 per ounce.
Today, it probably will close above $1,300 per ounce. Silver is tagging right along behind it, having moved from about $12 an ounce to above $21 per ounce when I checked last.
Silver plays an essential part in the making of of the Native American jewelry. Gold is less important these days because the price of gold has moved above the investment level of many American Indian jewelry artists.
Will silver be the next precious metal that becomes "too precious" for use in native American Indian jewelry?
No one knows. And no one should encourage you or anyone else to buy either gold or silver as an investment. If you have the resources, the ability to take the risk and a lot more knowledge than we can impart here, it might be worth making it a part of your investment portfolio.
On the other hand, we know that the increase in the value of gold, and more important recently, silver, means that jewelry we acquired at much lower gold prices and silver prices are much more valuable today. If history repeats, it will become more valuable still.
Here's the really good news. None of the precious metal jewelry items we have for sale has been increased in price. We are charging exactly what we were back then. Clearly, the replacement cost will be higher. But that is for us to worry about.
As the Holidays approach and gift giving begins to rise on our interest levels, this is an excellent time to visit our Native-JewelryLink web site and shop.
For the month of October, we will even ship jewelry orders domestically at our expense, free to you (exclusive of insurance, if requested), just to get you in the Christmas shopping mode.
Of course, as always, if you are unhappy with your purchase from us after you receive it, you have seven days to let us know and a reasonable time thereafter to send it back for a refund. If you purchase it as a gift, we will honor the return privilege until 10 days after Christmas.
Stop by and see some of the most gorgeous Native America Indian jewelry you will ever see, artists such as Begay, Plummer, Jackson, Dewa, Ration, Coonsis and others. Thank you.