I think part of it is the decline in the price of oil. We are finally drilling again here in the USA and are again a top producer of oil depending who you believe? As others have said there are many other forces on the price of Gold but it does always seem to be linked to oil going up or down.
The economy here is still really tough for most people. The folks at the top 20-30% are doing fine as usual. My market for handmade culinary knives is the top 50% which of only about 1-2% will buy a custom knife. Affordability of materials is important for you Jewelry makers.
www.rhinofingerskins.com
www.rhinoknives.com
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