Holidays That Celebrate With Gold
October 30, 2018 554 view(s)
It’s common knowledge that consumer spending typically spikes during the holiday season, which, if you haven’t been paying attention, is now officially upon us. According to Deloitte, 2018 should be no different. Their annual holiday economic forecast anticipates an increase in retail sales of up to 5.6% this year thanks to consumers seeming “bullish about the economy, their household financial situation, and their spending plans” for the 2018 end-of-year shopping sprees. Forms of gold, silver, and other precious metals have long been favorite gifts to give during the holiday season. They’re universally appreciated, typically small and easy to package and generally known for holding their value well. They’re the gifts that literally “keep on giving.” While you may feel it’s a bit early to start “making your list and checking it twice,” the season of gifting gold is actually kicking off sooner than you may think. In just a few short days, the enormous Indian celebration Diwali starts, and after that, it’s a quick slide into the many other gold-laden holidays that fill the fall and winter months. The multitude of back-to-back religious and cultural festivities packing the end-of-year global calendar has contributed to the seasonality of the precious metals market, which is marked in large part by increased consumer spending on gold jewelry, silver coins and other forms of precious metals. So, in our opinion, the time is now to tune in to the many festivities that are coming up around the world – no matter how far away (both date and location wise) they may seem.