...
read a report that
gold jewelry demand has decreased due to recession reduced people's affordability of luc
as well as gold price increase due to risk aversion...
after simple calc I think that makes sense...
assume customer spending reduced by 20%, previous structure is 60% basic / 40% luc
this means luc spending reduce by 50% (100-60 : 80-60)
gold price increase by 50%
then price vs affordable demand is like 150% vs 50%
which is about 3x of what it was before
does this mean gold as a jewelry material is slipping in affordable demand?
on the other hand, gold as an alternative currency seems did not devalue proven by history.
read a report that
gold jewelry demand has decreased due to recession reduced people's affordability of luc
as well as gold price increase due to risk aversion...
after simple calc I think that makes sense...
assume customer spending reduced by 20%, previous structure is 60% basic / 40% luc
this means luc spending reduce by 50% (100-60 : 80-60)
gold price increase by 50%
then price vs affordable demand is like 150% vs 50%
which is about 3x of what it was before
does this mean gold as a jewelry material is slipping in affordable demand?
on the other hand, gold as an alternative currency seems did not devalue proven by history.