Currently at over $1350 an ounce in trading, the price of gold continues to reach all-time highs. The price increase comes as a result over fears of currency wars.
While this increased value of gold may benefit those looking to sell their gold jewelry, the average consumers looking to buy gold jewelry instead may find themselves detracted by the exorbitant price.
Consequently, as gold increases in price, silver jewelry shows to be a viable alternative - at the least, according to its increase of sales. Gold and Silver ore are often in the same group of precious metals. While gold is considered more valuable than silver, silver is around 60 times less expensive than gold. As gold stands at over $1360 an ounce, silver costs around $24 an ounce by comparison.
