Gold Prices are Going UP, UP & UP!

Gold has reached a new 16 month high on Friday, September 14, 2007. It closed in London fix price of $716.35. The falling US dollar against the euro has pushed gold prices higher. When there are economic worries, gold is always been a safe haven for investors. As investors invest in gold, it drives the price up. The all time high for gold was on January 21, 1980. It hit $850 per troy ounce.

"There is a head of steam in gold, there is sufficient oomph in this market to take it to $740 between now and the end of October," said Peter Hillyard, head of metal sales at ANZ Investment Bank.

It looks like gold jewelry will be more expensive this holiday season as retailers increase prices to keep up with the gold market.

What is Gold Filled Jewelry?

Gold filled jewelry is a layer of 14K gold bonded to a base metal of brass using heat and pressure. This bond is permanent and will not flake or peel when bent, hammered or heated. It is a lifetime product with proper care.

Gold filled jewelry is quite a bit different from gold plated jewelry. The Federal Trade Commission does not regulate gold plated jewelry. Gold filled jewelry is regulated and is required to be at least 1/20 or 5% of the total weight of the product. Most gold plated jewelry cannot withstand daily wear, but gold filled jewelry does.

Gems of Gold sells gold filled toe rings and gold filled thumb rings as well as solid 14K gold toe rings and thumb rings. Gold filled jewelry is an excellent choice to have the look and durability of real gold without the expense.