Thursday, August 4, 2011

High price of gold affects jewellery demand

The talk at next week's jewellery show in Toronto will be the price of gold which is over 16 hundred dollars an ounce. Thunder Bay's Dave Douglas says that price is causing many consumers to buy products made of something else adding that silver has taken the place of gold as far as jewellery goes.  Douglas says with the price of gold predicted to go higher, buying gold now is the wise choice.