According to Forbes, 2013 saw a huge dip in gold sales, which left the gold industry wondering whether it would recover from the "gold recession". The 2nd quarter of 2014 showed a 15% increase in gold sales over the same quarter in 2013. Gold coin and bar investments were big, too.

Why the Increase?

There is quite a bit of speculation about why exactly gold purchases are seeing an increase in 2014. Some thoughts are that there is more optimism in the economy, while other people think that consumers are simply spending more on luxury.

Experts are saying that people went haywire selling their gold when gold prices were at all-time highs, and now that the prices are becoming lower, people are starting to spend more again. Much like stocks. Sell when high, buy when low.

The second quarter of the year, which includes the month of May, may have seen an increase because Mother's Day falls in may, brides are planning for their weddings, prom night jewelry is another factor, and even graduation gifts often include gold.

Which Gold?

Yellow gold seems to be the choice pick at the moment, and big, chunky pieces are not only the fad, but also carry their "weight" in gold.

Will you be buying gold this year?