Tuesday 6 March 2012

Fake Silver Chains From China

I was at the factory where my chains are manufactured last week and got to talking with the manager about business in general and current markets trends.

He talks to all the major retailers frequently and has a good grasp on what is going on throughout the retail sector.

One of his other customers had pointed out that he could buy sterling silver chains direct from China at a price well below what the manufacturer here could achieve. In fact he could buy fully manufactured chains for less money per gram than silver bullion sells for on the world market.

This can only lead to two conclusions:

1.        The manufacturer is making chains from real silver, paying all the expenses to run a factory including wages, taxes, electricity, rent and so forth and selling his goods at a big loss.

2.        It isn’t real silver.

My guess is option 2.

A business cannot survive by selling their products below cost. It comes back to the old adage “You get what you pay for” and “let the buyer beware” (Caveat emptor)

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