Is The Price Of Platinum Metal Going Down? Need To Know The Best Time To Buy In Order To Make Jewellery?
Written by Admin on January 8, 2010Need to participate when is the best happening to take Platinum start bands
Originally posted 2009-08-30 05:59:53. Republished by Old Post Promoter
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3 Comments to “Is The Price Of Platinum Metal Going Down? Need To Know The Best Time To Buy In Order To Make Jewellery?”
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12:48 pm on August 30th, 2009
typically, the problems going on in the stock market and the banks would cause the price of precious metals to rise.
3:47 pm on August 30th, 2009
If you are going into the business of making jewellery, your business plan will have determined the level of resource stock you need to carry in your enterprise. Usually the cost of the inputs should not exceed 60 percent of the sales revenue generated. The selling price of the outputs will reflect any increase in the price of the inputs. Inventory needs to be kept at as low a level as practicable, and ought to be turned over as frequently as possible. This is sound business practice. This being the case, your business would buy platinum as and when needed at the going price.
Isn’t the prime function of your business the manufacture and sale of jewellery? What is the point of having a large stock of platinum sitting in your store, surplus to your immediate needs to maintain the levels of production for which you have budgeted. Remember that there is an opportuniy cost to the value of platinum held in your store. This is the interest lost that money could have earned if on deposit elsewhere. Alternatively, the opportunity cost is the amount of interest your business is paying on these funds employed to buy that surplus stock.
If you wish to speculate, then why not just do this, and buy and sell platinum futures and forget about making the jewellery.
Why not make a proper business plan and then follow it.
7:33 pm on August 30th, 2009
With the collapsing American economy, precious metals are going to go up, and up, and up.
With the problems on Wall Street, the mortgage crisis, energy costs soaring and our government overtaxing American citizens, there won’t be any end to the crisis until there is a change in the government.
I would buy now, or wait until well after the elections. If McCain is elected, the economy will probably collapse completely, as he has vowed to continue the road to ruin pursued these last eight years by the current administration, and precious metals will therefore soar worldwide.