Myself and others on this board, have said for years now to buy Silver and Gold (gold if you can stretch it). Silver and gold hit a 10 year high today. Gold $3684.00 per Troy ounce and Silver $43.00. It’s insurance for yourself and family in uncertain times. It could pay a mortgage payment, an unplanned medical expense, fix your car if it needed repair and buy food and clothing etc. etc.
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Yup. Just an FYI for frens who don't know how jewelry pricing generally works: most retail gold prices are set at 5 TIMES the wholesale price. For example: an item with a $200 wholesale price will have a $1,000 suggested retail price ("MSRP"). (And, wholesale prices STILL provide manufacturers with some profit over their cost to manufacture their products [i.e., scrap/raw material + overhead].)
So, even a 50% discount on a $1,000 MSRP item would give a seller a $300 profit ($500 sale price - $200 wholesale = $300).