Thursday, May 5, 2011

Precious Metals Update & New Sterling Silver-Filled Wire

I read today that gold and silver prices have gone down a bit in the past couple of days after hitting all-time highs.  I'm not going to get excited, because it's probably only a temporary trend.  Also affected are the prices of platinum, palladium, and oil.  I don't pretend to understand the stock or commodities markets, so I have little understanding as to why this has happened or what the future holds.  I won't be surprised if we don't see a corresponding reduction in price when we purchase any of these commodity items, though.  If you speak investor language, then you might be interested in reading about it at:

Did you know that you can now purchase sterling silver-filled wire?  It's made in the same way as gold-filled wire--there is a thick coating of sterling silver bonded around a base of brass or copper.  It's a much thicker coating of silver than what is found on silver-plated wire, making the sterling silver-filled wire far more durable--and it can be soldered.  In addition, it shouldn't trigger allergies in people who don't already have a problem wearing sterling silver.

I heard about sterling silver-filled wire for the first time a few days ago at Lisa Niven Kelley's website, Beaducation, where she explains how it compares to sterling silver and silver plate.

If you go to Fire Mountain Gems you can see a drawing that shows how much thicker the silver is on sterling silver-filled wire than on silver-plated wire.

Another site, Bead Factory, has an article comparing sterling silver, fine silver, and sterling silver-filled wire.

So at least we have an alternative to sterling silver that will hold up to being worn and won't cost us a fortune! 

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