Gold Price: Will gold hit the $2000 mark before the end of October?

Gold Investment - 18 September 2011

Now that silver is trading at more than $40 per ounce and gold is over the $1800 mark, there are a lot of speculations as to where these two precious metals are heading in terms of price. James Turk is buoyant about gold, in particular. He expects this to be greatest summer for gold compared to the last thirty years. In a very short period of time, gold has gone from $1480 to $1920, and this represents growth of close to thirty percent.

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Invest in precious metals today! Contact us for details.

It is anticipated to move even higher by the end of September and if gold does not reach $2000 by month end, it will most certainly be $2000 an ounce by the end of October. Prudent investors will use this opportunity to shed Pounds, Euros and Dollars, which are all overvalued anyway and rather look to gold and silver as suitable investment vehicles. Commodities are valuable due to their usefulness and at this point, gold does not entertain counter-party risk.

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

Gold does not default like other debtors do within a fiat money system. For this reason, smart investors are turning to own physical gold in order to preserve their wealth. There has been loads of activity in the gold market, and it is uncertain as to who is selling all the gold. The market was quite volatile when gold hit a new high not so long ago. Professional investors are able to read this and make the best of the situation so that it works out to their advantage. Markets have always reacted in this way (especially when manipulated) and smart investors capitalize on this.

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