My prediction that gold would hit $1,000 per ounce by the end of March came a little early when gold closed today at $1,001.80.
It took nearly 6 months after the 2008 financial panic that gold is finally is starting to glitter. I was surprised that the price was held so low since the demand for the precious metal is so high.
I still find it hard to purchase gold sovergns, eagles or any other types of coins and must result to carrying large sums of money in the chance the I can find any dealer in town that has a supply I can buy.
How high will go is anyone’s guess. But with this unrelentless printing of fiat money, it will only go higher. My guess is that once Congress decides on another trillion dollar deficit 2009 budget — which is 6 months late — gold is going way up.