High Price Of Gold Impacting Gold Jewelry & Fashion Accessories
Wednesday, April 16th, 2008Gold’s per-ounce price could top $1,000 this year, say some gold industry analysts.
Meanwhile, as global demand set records in 2007, the precious metal’s current high-price and volatility poses “challenges” to the jewelry industry generally, and U.S. jewelry retailers specifically, says a new World Gold Council report.
What does that mean for fashionistas? High prices on high fashion accessories made with gold and of course accelerated pricing on gold wedding and engagement rings. What to do? Turn to silver or other precious metals and wait for the gold market to adjust. After all, like in fashion, what goes up, always goes down.
