Gold is universally considered to be a highly valuable mineral, and its price is one of the yardsticks in assessing a country’s economy. Unlike many other commodities, however, the price of gold is often seen to rise or remain steady when an economy is in a downturn. After all, gold is considered an investment “safe haven”, which serves as an insurance policy when other investment options are deemed risky.
Internationally, gold jewelry has always been in high demand, particularly in places like India and China. This factors greatly to the stability of gold investments worldwide, including the USA. The year 2013 was another good year for gold investments, as reported in Forbes.com.
“Global gold jewelry demand increased 6 percent to 553.8 tons for the fourth quarter of 2013. It was the sixth consecutive quarter of year-over-year growth with demand 12 percent above the five-year quarterly average, the WGC said in its market report, Gold Demand Trends: Full year 2013 Review. Jewelry consumption saw continuous growth throughout 2013, with the bulk of the increase coming in the first half of the year primarily due to China and other Asian countries whose consumers responded quickly when the price first dropped. However, even during the second half of the year, the volume of gold jewelry demand continued, increasing by 7 percent year-over-year.”
The increase in the demand for gold jewelry was attributed to the drop in gold prices, which numerous buyers around the world took advantage of. This demonstrates the steadiness of gold investments, where lower prices lead to an increase in demand. Therefore, those who buy gold jewelry in Long Beach for aesthetic and personal reasons can also gain greatly from their purchase as long-term investments.
To get the best value for their money, however, those looking to buy gold jewelry should go only to trusted jewelry stores in Long Beach, CA, like McCarty’s Jewelry. An investment in gold jewelry is only as good as the quality of the pieces, and high-quality gold jewelry can come only from the most reliable and established stores and dealers.
(Source: Gold Jewelry is Back in Demand, Forbes, 18 Feb, 2014 )