The Price of Metals

Jewelry making is getting more expensive! Gold has reached record prices as $1002.50/ounce, silver is at a whopping $20.68/ounce, and even our go-to base metal copper is creeping up at now $3.85/pound. According to NPR, representatives from the U.S. Mint were on Capitol Hill today to discuss using a new alloy for the penny since producing the one cent coin now costs 1.7 cents.

Chart provided by Kitco.