High Price of Gold Can Make Your Mouth Worth Mucho Money!

The Associated Press reports that people are digging through drawers for old dental caps, fillings and bridgework they saved years ago and selling them at prices that would make the tooth fairy blush.

Instead of hanging on to the pieces as souvenirs, many are turning them over to pawnbrokers, coin shops and specialized firms that buy “dental gold,” hoping to take a bite out of the metal’s historic run to $1,000 an ounce.

“People are really cashing in. If a dentist passes away, their kids come in with a big pile of good teeth,” said Scott Taber, owner of Taber Coins, a Shrewsbury, Mass., coin dealer that buys dental gold and then resells it to a gold smelter.


He said he used to see only a few customers a month selling gold teeth but now gets that many each week. “People are digging up the gold and starting to sell it,” he said.

A gold crown typically uses about one-tenth of an ounce of 16-karat gold, which would fetch around $40 to $50 at today’s prices, Taber said. Heavier pieces of dental gold can command prices of several hundred dollars, he said.

That deal sounds pretty good to people like Ann Davis, a 63-year-old retiree in Rock Island, Ill., who had gold caps and a bridge removed nearly 40 years ago and has held on to them ever since.

“You don’t want to throw it away because it might be worth something,” she said. “Now that gold’s going up it’s time to think about selling.”

Gold prices have been surging since late last year as the weak dollar, record crude-oil prices and fears of a U.S. recession have enhanced its appeal as a haven for investors.

Gold set a record of $1,038.60 an ounce on March 17 and has since fallen to about $920, but experts say it could soon resume its upward climb. Several precious metals analysts have even predicted $2,000 gold ahead as a global commodities boom pushes the price of raw materials further into record territory.

Gold crowns, fillings and bridgework are usually made of 16-karat gold, an alloy that contains other metals such as silver, zinc and copper. That made gold dental work soft enough to shape but hard enough to form a biting surface.

But don’t expect to get rich hawking gold fillings and crowns.

And replacing a gold crown isn’t cheap. Newer porcelain and gold crowns can cost $500 to $3,000 apiece, and not all insurance companies will pay for the procedure.

Besides the financial benefit, Taber says people don’t mind selling dental gold because it’s far less emotional than parting with heirlooms like grandma’s wedding ring or the family silverware.

“I haven’t seen anybody with sentimental teeth,” Taber said.

$MILE!! You may chomping on big Money!

What Will Happen To Gold and Platinum Prices?

Is a question we are asked every day by consumers in the market to purchase diamond engagement rings, wedding bands, and diamond rings. Will the meteoric rise in prices of these metals continue in 2008 and make our Jewelry more expensive?

To illustrate the price explosion of the Precious Metals here are 1 Year graphs for both Platinum and Gold.



Current indications are that Precious Metals Prices will continue to increase in 2008. Some contributing reasons are:

1. Emerging and surging economies in China and India with increased demand in the consumer, medical, and jewelery industries.

2. Political unrest, the weak dollar, rising Oil prices make the Precious Metals a safe haven.

Ken Gassman has an excellent overview and analysis on the current and future price trends for both Gold and Platinum. How High Is High For Gold And Platinum?

Precious Metals Going Through The Roof!

Prices of Gold, Platinum, Silver, and Palladium are surging today amid world-wide political turmoil, the weak dollar, rising Oil prices, and the impending recession here in the United States as well as the sub-prime Mortgage mess.

Here is a snapshot of today’s Trading prices at 1 P.M. EST New York.


Prices on Engagement rings, wedding rings and Bands have been already increased by manufacturers and if this craziness continues, no doubt more price increases will be forthcoming.

The Rising Price of Platinum. WOW!

The price of Platinum, the metal of choice by Consumers for their engagement rings, wedding rings, and wedding bands has risen meteorically over the past year and on a daily basis especially in the last few weeks. Look at the graph below:


From mid-December 2007 until today the price of Platinum has risen by $800.00 an ounce!

The weak dollar, rising Oil prices, and power and electricity shortages in South Africa which mines the bulk of the worlds Platinum have all contributed to the this price increase.

Manufacturers of Platinum Jewelry have no option but to raise prices and pass on these price increases to their retail jewelers. As a consequence your Gold and Platinum Jewelry is becoming dramatically more expensive and costly.

Precious Metals Analysts expect these price increases to continue in the forseable future.

Gold & Platinum Prices Scorching Highs! Will Diamond Engagement Ring Prices Follow?

Gold and platinum prices struck fresh record highs this morning as investors rushed once more to invest in commodities amid a very weak Dollar, rising Oil prices, and uncertain political conditions around the World.

On the London Bullion Market, gold surged to an historic $919.80 per ounce. Platinum reached an all-time peak of $1,634.50 an ounce on the London Platinum and Palladium Market.

The precious metals beat their previous record highs, of more than $900 for gold and just under $1,600 for platinum, achieved earlier this month.

At this pace, increases in the cost of gold and platinum engagement rings is inevitable.

What Is Palladium? How Does It Compare With Platinum & Gold?

Given that we now offer all of our engagement rings in precious palladium, I thought it would be appropriate to briefly outline the properties of this metal in relation to gold and platinum.


Palladium is from the same precious metal family as platinum at significantly lower prices.
Palladium is 95% pure.


Palladium, (unlike yellow gold which has been rhodium plated to create “white gold”) is actually a naturally white metal (similar to platinum). It is hypo-allergenic, nickel free, and requires no rhodium plating.


Palladium is 30 times more rare than gold and shares the lustre of platinum (at a fraction of the price).


Palladium wears exceptionally well and does not suffer from porosity and prong failure.

Palladium Jewelry Starting To Surge

Due to the rise in prices of precious platinum, many customers are now turning to palladium as an alternative to platinum and white gold.

Unlike white gold, palladium is a naturally white, precious metal that does not yellow or tarnish over time and requires no rhodium plating.

It is less dense and heavy than platinum, but entirely comparable to white gold.

The price point makes it less expensive than platinum and comparable to 18kt. white gold.

We will be featuring palladium jewelry on our website, very shortly.

Platinum Soaring!

Platinum prices were up $32.00 on Friday.



A second platinum-backed financial instrument of about 77,000 oz is coming to the market, and producers fret about the possible impact of higher prices on the sensitive jewelery sector in a finely balanced market.

ETF Securities is listing five new exchange-traded commodities (ETCs) on the London Stock Exchange from 24 April, including a precious metal basket ETC.

The announcement comes hard on the heels of Zurich Cantonal Bank (ZKB) saying they would launch a platinum, palladium and silver ETF to join their gold ETF.

ZKB said it has 70,000 oz of platinum safely stored in a vault to back its ETF instrument.

“We will list five products and there will probably be $100m across each product in the first 12 months,” ETF Securities head of listings and research Nick Bienkowski told Miningmx. The products are platinum, palladium, gold, silver and a mixed precious metals.

At today’s prices, that would equate to 77,000 oz of platinum.

“The way this product works is that when metal is delivered to the vault we will issue the equivalent shares,” Bienkowski said. Each share represents a tenth of an ounce.

“It depends on what metal can be acquired or what is available,” he said. The investment banks will acquire the metal from where they can find it.

Bienkowski would not say if the investment banks had acquired any metal or how much was held.

Anglo Platinum, the world’s largest platinum producer, which has no mechanism to supply metal for such a product, has most of its production tied up in offtake agreements.

“We are opposed to the ETF concept, but there’s not much we can do about it,” said Anglo Platinum spokesman Trevor Raymond. “Most of our product is accounted for by metal offtake contracts and whatever is surplus goes to the spot market. We don’t have a mechanism to specifically supply these products.”

The investment banks will have to compete on the open market, which trades a small 5,000 to 10,000 ounces a day.

“The real concern is that other banks who don’t want to be left behind will jump on the band wagon, which means more metal coming off the market and putting tremendous pressure on prices,” said Bob Gilmour, investor relations manager for Impala Platinum, world number two platinum producer.

The only segment in the platinum market that has flexibility is the jewelery market.
Jewelery accounts for roughly a quarter of the annual global demand of seven million ounces.

“If these products are successful, it will mean more metal coming off the market and prices rising. The only segment that can give in this situation is jewelery, and that’s not an ideal situation,” Gilmour said.

John Reade from UBS Investment Research said in a note shortly after the ZKB announcement that platinum prices could rise $50 over the next three months to $1,350/oz.

“We believe the market has underestimated the potential impact of the ETFs on platinum and palladium prices,” Reade said.

The platinum and palladium ETCs will gradually build up the amounts of metal they take off the market as demand for the products grow, Bienkowski said.

“It’s too early to say what we expect until we see how it’s been running for a few months and speak to investors to gauge their reaction to these products,” he said.

Investors of these products are generally “buy and hold” investors, who gradually accumulate more, he said.

“What will damage the market is a hedge fund buying all the available platinum and then dumping it on the market three months later. That’s not how these products work,” he said.

Pension funds are likely to take some time before investing in these products because of internal restrictions on adding new products to their portfolios. “We think they may invest in these over time.”

Our prediction: Platinum and Gold Engagement Rings will be going up in price soon.