But what about the future, what does it hold in store for gold investors?
There are several events unfolding today that support a major rise in price. When exactly it will occur, and how high it will go, no one knows for certain. But there are some analysts that are predicting as high as $5000/oz.
Demise of the Dollar
One event in particular, and probably the most significant, is the demise of the U.S. Dollar. The value of the dollar has an inverse affect on the price of gold. When the dollar loses value, gold gains in value.