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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 243.53

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To: H James Morris who wrote (109848)	10/7/2000 11:31:20 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

>I no longer know what my point is in writing this Glenn, your a great guy...and funny too.:-))) James, Thank you. Sometime we all get lost in our thoughts. I have been defending a non profitable firm for most of the evening. If it goes up I do well. The worst that can occur is it goes to zero and I lose my investment. I must be out of my mind<G> Change of topic a little. There has been all of a sudden a demand for platinum chain. There may have been this demand in prior years in other markets but it hit mine this year. Platinum rings, earring mountings, etc. have been hot for a few years. Platinum is a harder material than gold so I see advantages to a platinum ring mounting over let's say white gold. Platinum also is a bit brighter that white gold. Anyhow, the customer has a 14 karat yellow gold two millimeter diamond cut rope chain and wants to know the price of a platinum chain the same size and the same length. The customer's yellow gold chain weighs 5.4 grams. I do research to see what I must pay per gram for a finished platinum 2 mm diamond cut rope chain. I find I must pay around $25 per gram. Keep in mind this is for the metal and labor. I know already that in 14 karat yellow gold I pay $8.50 per gram. Pure gold is far less per ounce than pure platinum as you know. Then there is the factor of 14 karat gold only being 58.5% gold and the balance copper and silver alloy. I say to myself three times the price for pure platinum makes sense. The kicker ends up being the weight. Platinum not being alloyed to be a 2 mm 18 inch chain weighs 12 grams. So now we have a cost of the metal at 3 times as much and we need twice the amount of metal. We end up with a chain costing 7.5 times the price of the 14 karat chain. If that keeps up, the price of platinum is going to go over a $1000/oz. Just thought I would pass that along for trivia. Glenn

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