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To: craig crawford who wrote (131794)9/23/2001 6:46:56 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
but i just don't see consumers rushing out to buy gold jewelry.

The consumer use of gold for jewelry is not a sufficient factor in itself to determine the price of the metal. The consumer could buy gold jewelry or not based on the current economic situation and not affect the price. Personally, I believe gold jewelry will be the gift of choice for jewelry in the US this year. It is not as costly as diamonds or platinum and still is a personalized gift. This means sales of gold jewelry in Q4 may be flat or even slightly down compared to last year since I anticipate the entire industry meaning diamonds, etc. to be down considerably year over year.