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Surging gold prices is hurting businesses. And not just jewelry stores either, though the price of gold jewelry is going up. Other business sectors being affected are dentists,aerospace, glassmaking, electronics and computer industries.
Added to the mix is where companies buy their inventory… If the price of gold is going up worldwide, and the source of your product uses a currency that is strong against the dollar (like the euro), you and your domestic customers are facing a double hit.
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danakeith on June 23rd, 2008 at 12:57 am
definitely it is.. years and years from now, it’ll gonna go up more and more.