With the start of the busiest shopping period of the year, the National Retail Federation expects 2021 to be a record year. According to the forecasts of the federation, consumers will spend from 843.4 to 859 billion dollars this year, increasing from 8.5% to 10.5%, respectively.
Presumably, the 2021 holiday shopping season will not only reach new record highs but will also be well above the average five-year growth of 4.4%.
Jewelry and gold products will become popular items after strong sales growth in 2020.
Last week, the British precious metals research company Metals Focus said that during the current year, it is expected to increase the consumption of jewelry by 140 tons, which is 10% more than in 2019. Analysts expect that over the past 12 years, the demand for jewelry will grow to the highest level.
Sales of gold bars are at the level of last year. US Mint sales data shows it has sold 81,000 ounces of gold this month, compared with 85,000 ounces sold last year.
This holiday, the shopping season will not only be a record-breaking one, but consumers will start using more than just US dollars. According to the forecasts of CoinPayments, the world's largest cryptocurrency processor, it is assumed that in November and Black Friday, consumers will spend more than $ 600 million in cryptocurrencies, which is 100% more than last year.
