Wholesale Silver Jewelry, Pressure On Silver Prices

[bbjbangkok]

There are quite a few reasons to believe that silver prices would also take make the upward turn. The increase in wholesale silver jewelry demand is an indication of this. High price tags for gold jewelry has shifted buyer interest to silver jewelry. Innovative designs and the use of large and fancy cut synthetic and lab created gems, has resulted in a surge in demand for silver wholesale silver jewelry. This trend has been clearly visible in the last quarter of 2007 and continues into early 2008.

Wholesale jewelry manufacturers are major consumers of the silver metal and this is not expected to change soon. This trend is bound to weigh on the silver prices, simple logic.

This brief is compiled by http://www.bbjbangkok.com/ The wholesale jewelry experts in Thailand

[Kelly]

Practically every ounce of scrap silver that is recycled goes back into the jewelry industry today which accounts for nearly 30% of the silver market.

Silver beads at the wholesale level are running right about 82 cents a gram today, which is about $23.25 an ounce. Sterling wire also sells above the spot price. As a maker of silver jewelry, I'm darned glad I bought several thousand dollars worth of beads, wire and findings when silver was trading at $13 an ounce. I also have a considerable stash that I bought when silver was around $5 an ounce. I've sat on those beads and plan to continue to sit on them.

With gold trading near $1000 an ounce, silver jewelry not only becomes a far more lucrative market, silver beads also have value as currancy.

Beads are figured in gram weights. If we really have a deprssion you might end up buying your groceries with your silver eagles or bars, but if you want your change back in silver, rather than worthless fiat paper money, silver beads are one of the best ways to "make change."

Get yourself a gram scale and some sterling silver beads. Silver is silver and sterling silver beads should not be overlooked as silver goes up and the dollar tanks.

[goldminer]

I believe that in the U.S. pre-1965 90% silver dimes, quarters, and half dollars will be the very best way to get your change back in silver. In Canada it will be the 80% silver coins.

These coins enjoy legal tender status;
they served historically as circulating currency and can do so again;
they have government guarantee re purity and content of silver;
they are exceedingly difficult to counterfeit, and
until silver prices go sky high, no scale will be needed.

The only way to determine the purity of silver or gold beads is to melt and assay 'em = additonal efforts, time/delay, and cost.

[Kelly]

The only way to determine the purity of silver or gold beads is to melt and assay 'em = additonal efforts, time/delay, and cost.

Hogwash. Top of the line silver beads are usually stamped 925. If it's a Bali Bead (very recognizable) it is sterling because they don't make their beads out of anything else. Anybody dealing silver already knows that. Silver jewelry is 30% of the marketplace. Sterling or better goes up with the price of silver. Coins, rounds and bars are running about 5% of the market. If you are dealing a silver coin, they are generally 90% or less silver and you are paying for those coins about the same rate you would be paying for sterling. If you are dealing well done silver jewelry, the price goes way above the market rate of silver. If you are dealing rare beads, again, you will get way above the market price of silver.

[Kelly]

I believe that in the U.S. pre-1965 90% silver dimes, quarters, and half dollars will be the very best way to get your change back in silver. In Canada it will be the 80% silver coins.

These coins enjoy legal tender status;
they served historically as circulating currency and can do so again;
they have government guarantee re purity and content of silver;
they are exceedingly difficult to counterfeit, and
until silver prices go sky high, no scale will be needed.

The only way to determine the purity of silver or gold beads is to melt and assay 'em = additonal efforts, time/delay, and cost.

Do you know what scares me the most about silver coins? They have a face value stamped on them. Recently, the IRS sued a company that paid their workers in silver coins. The company paid their employee taxes based on the face value of the coins, while the IRS claimed the coins had to be declared at the going spot price for silver. Believe it or not, the IRS lost!

In other words, there was a legal precedent set in the courts that established the value of silver coins at their face value, rather than the market price for silver.

On day to day trading, of course you are going to get the spot price for silver coinage, BUT if the dark, dark day ever comes when the government decides to confiscate silver coins and boullon, (as per the recent presidential executive order) chances are, they can't just "take it" for free; they'll have to pay you something for your silver. But...there is the grim possibility that if that dark day ever comes, the Feds will decide all they have to pay you for your coins in a confiscation scam is the face value of your silver coinage, in which case, anything with a face value stamped on it would be fair game.

Do pardon me for not trusting the Fed, but I don't. And that is one of the main reasons whenever I buy silver, whether it is sterling, or fine silver bars and rounds, I make damn sure nothing is stamped with a face value.

[prahudka]

Sterling silver is harder than pure silver and has a lower melting point (893 °C) than either pure silver or pure copper. Britannia silver is an alternative hallmark-quality standard containing 95.8% silver, often used to make silver tableware and wrought plate.

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[Kelly]

You are absolutely correct, Prahudka. I've got some 97% Hill Tribe silver bracelet clasps that are so danged soft you could bend them with a toothpick. When it comes to something other than silver boullion, I want it to LAST. Sterling silver is hard to beat. It is strong stuff and that is why it has stood the test of time.