Anyone who works in precious metal of any type will be very well aware of what sort of pain I mean.  In the last 18 months or so the price of metals - especially precious metals - has skyrocketed.  Every time you think it can’t get any more expensive … it just does.

Currently I’m paying about AU$0.97 a gram for sterling silver - that’s around double what I’ve paid for it throughout most of my career (US$0.89 at today’s exchange rate).

Even worse, today I purchased some 18k gold for the first time in a very long time.  I remember the days where I used to gasp over it being around AU$9 a gram.  Today I paid AU$35 (around US$32).  Ouch!

And here is what AU$187 worth of gold looks like!  Yep, it looks pretty piddly - especially when you consider that it’s only 0.3mm thick (0.1″ or around the same as 30 gauge wire).

Of course everyone who knows a thing or two about precious metal prices is wishing that they’d stocked up on kilograms of the stuff a few years back!  Although some people will tell you that those reading this post a year or so in the future will most likely wonder why we didn’t buy it in bulk right now - many people think that the prices are going to get much higher again than they are already.

Ouch.  OUCH!!

Anyway, I just felt the need to have a little whine about that!  And buyers of jewellery and other precious metal objects should feel free to whine too as of course ultimately they are now paying more too.