Hong Kong jewellers switch from gold to silver

[GoldNugget]

http://asia.news.yahoo.com/060427/3/2jpvp.html

"HONG KONG -- Jewellery makers in Hong Kong, a leading world
supplier, are switching to silver because they cannot predict how
high gold prices will go, industry officials said on Thursday. Gold
touched a 25-year high last week, driven by high oil prices,
concerns over inflation, dollar uncertainty and geopolitical
tensions. The price stood at $641.00 an ounce at 0808 GMT on
Thursday."

[TGC Player]

I'm not so sure they are switching because of the unpredictability of gold prices but more on the demand and future demand of silver, people are starting to notice that silver is a good investment and jewelry is a easy and affordable way for most folks to hold something valuable, I've spoken to more than one jeweler who has stated they are stocking up on silver as demand has increased and with gold getting higher and higher it's becoming unaffordable for more folks so they look at silver. It's just more good news for silver investors!

[delkulara]

This is quite natural as gold goes higher,silver replaces the needs of comsumers innate need to adorn themselves.