Although silver looks to be making a comeback in the fashion industry, gold is anything but dead. If the markets are any indication gold is on the rise.
Silver took the fall and winter fashion shows by storm, but it seems gold is going to stay in the game. Reuters forecasts a rise in the average price of gold over the next year, and Citi says gold may top $2000 an ounce in the next two years. Platinum, Palladium, and Silver are expected to climb too. That rise in price will equate to more valuable and more expensive jewelry in the near future. The cost of raw materials sends ripples through the fashion industry and the more precious any metal gets, the more desirable it becomes. Is it life imitating art or art imitating life? I’m not sure!
What does this mean for you? If the speculators are right, then jewelry purchases made now will only go up in value. Get in on the investment opportunity while you can!