Economy Strengthens and Gold Jewelry Gets Cheaper |
| 4/29/2009 12:27:19 PM |
We have all seen an instance of two completely separate items on the surface having a direct relationship when one improves or worsens. A prime example of this is the economy and gold jewelry. From first glance, you would not think one affects the other. Maybe you would and if that is true then you’ll understand why gold jewelry prices are dropping after the Federal Reserve announced a strengthening economic outlook. What’s good for the majority may not be the greatest thing for gold jewelry manufactures who are facing declines in precious gold stone prices.
I don’t know about you but I could care less if 14k gold jewelry isn’t going to make those in the precious stone business as much money. When the economy betters, more people will have spending money and some will use it on gold jewelry for themselves, friends or loved ones. It is a win-win. Less unemployment, more jobs, a better fiscal footing and cheaper gold jewelry, who can argue with that? Let’s hope the Fed has more optimistic statements for the months to come.
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