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Gold prices at a two-year low: lie low or GO?

An update from our Palloys Group Director:

The recent volatility in the gold and silver price is great news for the Australian jeweller. We’ve seen unprecedented gold and silver casting orders over the last few days with jewellers taking advantage of some of the lowest prices in 26 months!

Of course, those jewellers who got in on Monday and Tuesday have got the biggest benefit of a low price, but current prices still look extremely attractive. From where I sit, get in while prices are so attractive and pass the savings on to your customers, because constantly turning your stock (even at lower margins) will give you a natural hedge against roller coaster Gold and Silver prices.