Gold Made Simple

Gold Made Simple

February 04, 2010 03:00 ET

More to Buy Gold for Valentine's Day

MANCHESTER, UNITED KINGDOM--(Marketwire - Feb. 4, 2010) - Jewellery stores are on standby this week awaiting a rush of customers looking to buy gold gifts for loved ones! Valentine's Day has long been the biggest gold-buying holiday in the USA and one of the biggest in the UK. In fact, in the USA alone, around 10% of households take part in some form of jewellery exchange, most of those exchanges being of gold items. The opening two weeks of February are likely to see a rush of consumers looking to buy gold for their spouses or partners, with over 70% of gold purchases made by men during this period.

The jewellery industry accounts for 63% of the total gold demand annually and it's little wonder when you consider the statistics. The UK jewellery industry alone is worth just over £3 billion annually and globally this figure rises to almost $150 billion.

And while it may be less romantic, jewellery gifts are certainly not the only way in which people spend their money on gold. Given the high and relatively stable price per ounce of gold, the precious metal is particularly attractive to investors. 2008/09 saw record investments as the dollar and many other major global currencies faltered in the face of the recession.

Gold Made Simple offers investors, both new and experienced a user friendly and simple interface for investing in gold bullion online.

Contact Information

  • Gold Made Simple
    Jason Cozens
    Managing Director
    0845 688 4491