Increasing demands on the gold market are expected to affect retail prices within the year.
Arnstein, Ontario (PRWEB) January 11, 2005 -- Paper burns and large companies can go bankrupt, but if you want a piece of the solid rock, go for Gold. Financial experts agree that the rising value of gold, which has climbed since 2001 to a 16 year high of $456 (U.S.) an ounce, is going to be spurred on in 2005. Precarious world situations, from political turmoil to flailing currencies, are taking a toll on the trade markets. The cry for stability and future security is high on the priority list for North Americans and can also be heard pulsating around the globe. Gold, along with the precious metal industries, is emerging as a reliable anchor for many investors at home and abroad.
In his well documented publication '15 Reasons To Own Gold' analyst John Embry, from the Sprott Gold & Precious Metals Fund, states that on a global scale, "Gold as Money is Gaining Credence." Indeed, many countries including India, China, Russia and the Middle East are moving towards a secure hold on gold supply and a serious interest in the incorporation of gold into their monetary systems.
Economist Dr. Gary North overviews the many ways to buy gold, and advises people that when looking to invest, "Promises to pay are never as reliable as gold in hand." Whether conscious or subconscious the public mind seems to agree with this persuasion. The growing trend towards gold can be seen at the grass roots level with the consumer demand for fine jewelry. According to The World Gold Council, the demand for jewelry is rising faster than the production of gold.
The jewelry industry, though generally steady in its revenues, has been more of a 'buyers market' in past years, with highly competitive price war campaigns and marketing strategies. These tables may now be about to turn, as the increasing demands on the gold market are expected to affect retail prices within the year. Tom McDonald of goldmisers.ca says, "Now is the time to buy!" Gold Misers is an online jewelry outlet which sells high quality fine jewelry at wholesale prices to the public. "Being at the root level of the jewelry industry it's easy to see the coming market trend. I would advise anybody to invest in a little golden nest egg."
# # #
|
