03 November 2007

Some Jewels To Adorn

In reality my use of jewelry is small and my use of it the same. But for many it is something of beauty, a statement of character and appeal as well as the diversification of wealth. Here in Mexico, considering the great trust earned by the banking system, gold jewelry is far more than adornment. It is the bank account that is pretty and worn, protected on your person from the insecurity of the financial systems.

For some it is the deposit of value for the very rainy day, the one when the financial system has failed, when the revolution has come and swept away all your possessions and accounts.



I chose a titanium bracelet for the illustration because titanium is on my mind this week. It is a pretty metal, not so precious, that is a necessity in more and more technological products and is growing its appeal as jewelry as well. On a financial note I recently invested in a Titanium production company, TIE which looked great in its numbers -- and still does -- but showed flat earnings for the quarter, took my little investment in its shares and fell dramatically. It has begun to recover and my choice was probably good, my timing lousy. We shall see what the volatile future in the Market brings this season.

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