Spot Gold to Hit $1,200
crystalline gold nugget
Spot gold price has steadily been gaining ground in recent weeks, and in April alone the yellow metal rose by 6%, with many analysts predicting the $1,200 per ounce to be breached sometime this month.
If the dollar were to start to slide again, which is a possibility/probability given the perilous financial positions of some of its states and the staggering US national debt, then this gold rally could really take off.
With fiscal deficits and national debt problems not restricted to just Europe, the case for owning gold as part of your portfolio is compelling.
