It is interesting observation lately.
We see unemployment in USA going upwards.
Well it slowed little down but it is still going upwards.
And we still have the mortgage crisis in the USA.
Also the unemployment worldwide is on rise.
I am somehow impressed about good numbers from USA lately but could they been keep till the year end? Probably not.
We have steady bad numbers from Europe and also from other parts of the earth that indicate a recession could come (if not already there).
At least the global growth is slowed down dramatically.
I read last weekend in a commodity magazine that the August and September are strong gold months.
I read in this magazine that two third of gold price is driven by the jewel industry.
It is bought to made all these jewellery that would be sold during the Christmas time.
What is the jewel industry doing this year? Is gold not in vogue this year?
So when I was in the school they teaches gold price was going up in the past during a recession.
Will this be different during the next recession?
I would like to know you opinion.
Should I buy some gold jewellery for my girlfriend on Christmas this year?
We see unemployment in USA going upwards.
Well it slowed little down but it is still going upwards.
And we still have the mortgage crisis in the USA.
Also the unemployment worldwide is on rise.
I am somehow impressed about good numbers from USA lately but could they been keep till the year end? Probably not.
We have steady bad numbers from Europe and also from other parts of the earth that indicate a recession could come (if not already there).
At least the global growth is slowed down dramatically.
I read last weekend in a commodity magazine that the August and September are strong gold months.
I read in this magazine that two third of gold price is driven by the jewel industry.
It is bought to made all these jewellery that would be sold during the Christmas time.
What is the jewel industry doing this year? Is gold not in vogue this year?
So when I was in the school they teaches gold price was going up in the past during a recession.
Will this be different during the next recession?
I would like to know you opinion.
Should I buy some gold jewellery for my girlfriend on Christmas this year?