As Price of Gold Skyrockets, Silver Jewelry Sales Increase
At over $1350 an ounce, the price of gold has hit all time highs, and doesn’t show any signs of leveling out. Fueled by the fear of currency wars, speculators and investors are continuing to purchase gold, fueling the price increase.
Consequently, the cost of gold jewelry has also increased significantly over the last few years. This can be good news for those looking to sell their gold jewelry, but for the average consumer the price of gold jewelry has doubled & tripled, taking it out of reach for many people.
But as gold jewelry decreases in affordability, silver jewelry has gained popularity. Gold & Silver ore often mentioned in the same breath as precious metals. Although the average person knows that gold is more valuable than silver, most are not aware that silver is 60 times less expensive than gold. Currently one ounce of silver costs about $24, but the same amount of gold costs over $1360.
This has lead to many consumers buying silver jewelry in place of gold jewelry. In response Dreamland Jewelry has launched a line of gold plated chains: http://www.dreamlandjewelry.com/goldchains.html .
Their selection of silver chains are also selling well: http://www.dreamlandjewelry.com/chains.html
Silver Necklaces are a great alternative. Silver has that beautiful precious metal look at just a fraction of the price. Gold plated chains are also a good alternative to Gold. They only have a thin layer of gold on the outside reducing the cost dramatically yet keeping the exact look of real gold.
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- Public Relations
- Dreamland Jewelry
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