Fewer Double Dip Recession Concerns for Jewelry Retailers

Fine jewelry retailers find benefit to rising gold prices as fears of a double dip recession and inflation increases the value of gold inventory.

Los Angeles, CA (PRWEB) August 5, 2010

PerryOlsen.com, an emerging company in the online marketplace for gold wedding bands and fine diamond jewelry continues to see increased demand for jewelry despite double dip recession concerns.

In the fall of 2008, the United States entered one of the worst global recessions to date, snowballing with each passing month. Fueled by risky derivatives, the crisis reached its lowest point in March of 2009 – as the Dow Jones, an important stock market index, fell by over 50%.

Raymond Ching of Perry Olsen comments, “We’ve come a long way from the March lows in terms of stock prices to the recent announcement of 2.4% quarterly growth, but concerns still linger for businesses around the globe. However, there’s one retail market where a double dip has less of a concern.”

Although a double dip recession will depreciate stock prices, the market can rely on the gradual rise in gold prices as inflation continues to increase due to the government's attempt to stimulate the economy. See the chart for a twenty year price history of gold per ounce (source: goldprice.org).

In the previous twenty years, gold rose steadily and did not experience as severe of a drop as the stock market during crashes. Fortunately for gold investors, the long term trend is up with little to indicate a decline to the late 1990s level any time soon.

Leading men's wedding band and women's diamond ring retailers such as: PerryOlsen.com, BlueNile.com, Kay.com and Zales.com are constantly monitoring the price of gold in order to adjust their cost basis and retail prices allowing them to maintain profitability.

Those that are planning to buy wedding jewelry can benefit from increasing gold prices. As gold continues its march towards $2000 an ounce, a commitment towards a significant other is an investment worth more than an “I do.” Ching further states, “As your love for one another grows so will the value of your gold wedding rings. Now is one of the best times to purchase gold wedding rings and to also enjoy the tax break that will come with marital status.”

About Perry Olsen:

PerryOlsen.com specializes in gold and diamond jewelry focusing on men's wedding bands made in gold, platinum, tungsten, titanium and steel. Perry Olsen also carries a wide array of diamond jewelry for women including pendants, earrings, rings, bracelets and necklaces as well as a line of designer offering from reputable designers and manufacturer's. To learn more go to PerryOlsen.com or call 1-877-883-3464.

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