I work in the Fine Jewelry sector...people still are buying but being very cautious about what they buy....I see many walking away from gold purchases...stunned at the price of a simple gold chain.
Further gold pieces are far less weighty than even a year ago...some pieces so light they are more like the weight of hallow gold...customers are not happy...and a rude awakening to many.
We have price increases at pace I haven’t seen before.
I had to have a clasp repaired last week and was stunned at the price of gold charms.
Astonishing.
Is sterling silver still about the same?
I bought a 16” solid 14k gold rope chain, diamond cut, in 1979 for $210. I’ve seen similiar chains from American sellers going for about the same on Ebay tonight.
For the past four years I’ve been buying 14k and 18k yellow gold vintage charms and bracelets in anticipation of the coming economic collapse.
I’m now having to sell to pay bills. So far I’ve been selling for more than I paid originally, but I don’t know how much longer that can last.