On Feb 12 2007 the price of gold closed at $664.55 and I said that gold would reach $2000.00 in 2011.
It reached a high of $1923.00 in September 2011.
If the US debt continues on its current trajectory I expect gold to hit $10,000.00 within 15 years. Gold is just over $1200.00 currently and I do not expect it to fall below $1000.00.
The question; should gold be bought as a speculative investment or for wealth preservation or should one even buy gold at all?