The recent economic instability in Europe triggered turbulence in the world stock markets and currency market. Euro exchange rate drops. Investors continued to adjust their investment portfolios. The recent takeover of CajaSur Bank by Bank of Spain made the investors to cut risk, sell Euro and buy USD. These reinforced the concept to invest in gold as a safe store of value. Price of Gold is now in record high of around 1,200 USD an ounce. Such economic disturbance has hurt the jewelry demand. Jewelry lovers lower their interest to buy luxury commodities such as Gold jewelries because of the record high prices as well as for fear of losing jobs. Silver price is in the record high of USD17.85 an ounce.
Do you still interest to buy silver and gold jewelries?
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