The road to $5000 gold

Gold is on the road to another record high Friday morning and continues on its path to break the $5000 barrier. This rise is mostly due to inflation pressures and global instability.

Author: Anthony Mirhaydari
Posted: Friday , 15 Apr 2011

Fears of inflation and global turmoil have sent precious metals surging, with gold trading near all-time highs and close to $1,500 an ounce. How much further can it climb?


With turmoil overseas and energy prices on the rise, investors are worried. They're worried about geopolitical risk. They're worried about a falling dollar. And they're worried about inflation becoming entrenched as the Federal Reserve continues to administer its cheap-money medicine despite signs of inflation.

As a result, gold is on the move again. For much of last year, gold moved higher over worries about Europe's debt crisis and a "double dip" recession in the United States. Prices fell into a funk in the fall, though.

Now, a new set of concerns has gripped the hearts and minds of investors. Fear has returned. And the yellow metal has taken flight. Prices hit a new closing high at 1,474.10 last week, and seem headed past $1,500 an ounce.

So how high can it go?............

For full article click on Source


Follow Us

Share Page


Weekly Charts

Current Spot Prices


Special Offers

© 2017 Swiss America Trading Corp. All Rights Reserved.   |   Privacy Policy   |   Site Map   |   Contact Us   |   Mobile Version
SWISS AMERICA and Block Logo are registered trademarks of Swiss America Trading Corp.
Where did you hear about us?
Pat BooneMichael Savage
OtherWayne Allyn Root
Jason StapletonChristopher Greene (AMTV)
Ron DouglasJoe Walsh