When I was a kid, my mom always went shopping on the day after Christmas. She wasn’t going out to spend her Christmas cash on some goody Santa failed to leave under the tree. She went out with the express purposes of buying Christmas cards, wrapping paper and decorations.
But why go out and buy Christmas items the day after Christmas? After all, you’re not going to need that stuff for about 11 months.
Well, if you’ve ever been out in the days after Christmas, you know why. Stores slash prices on everything relating to the holiday. It’s the perfect time to buy if you want to save a little money.
During the recent Precious Metals Summit in London, Incrementum managing partner Ronald-Peter Stferle said his wife is a devout after-Christmas sale shopper. And as Forbes contributor Frank Holmes tells it, we should look at gold today in the same way we look at Christmas items in January.
Here we are several days before Christmas, and demand for ornaments, lights and other decorations is red-hot, so be prepared to pay premium prices if you’re doing your shopping now.
This post was published at Schiffgold on DECEMBER 7, 2017.