Wall Street Wants Gold Prices to Rise Above $2,000 in 2012

The effect of higher gold prices on the jewelry industry has been disastrous. 

Jewelry made with gold and platinum have seen significant price increases over the past 3 - 5 years. These increases have been passed on to the consumer and in effect have made gold and platinum jewelry more expensive and harder to find. Many jewelers have substituted gold jewelry with silver and are offering pieces of a lesser quality.

 None of this effects Wall Street investors, unless they happen to own jewelry stocks that have never fully recovered from the market collapse in 2008. In fact, Wall Street has created a new bubble that will eventually burst, just like the housing market and dot com bubbles before this one. With world currencies like the Euro and Yen in flux, gold is the precious metal by which all currencies are valued. 

But to use this as a way to create investment instruments that have absolutely no real value is very suspect. These instruments only serve to artificially inflate the value of these precious metals and give Wall Street a new carrot to dangle in front of hungry investors looking to profit on the next big bubble.Should gold be worth $2,000 per ounce in 2012? Absolutely not. Are we using more gold in our everyday lives? Of course not. Jewelry stores have very little inventory of items made with gold when compared to 5 years ago.Article Source: http://EzineArticles.com/6825797

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