Gold Moving Toward $1000 Again

In case you haven't tracked the price of gold lately, it has been moving up nicely and is closing in on $1000 per ounce again. Last week, gold had some great sessions due in no small part to problems with a weakening dollar and troubles with U.S. Treasury bonds.

In the last 30 days, gold has gained almost $100 per ounce ($96.80 to be exact). When you consider that gold was priced at $255 per ounce in February of 2001, that is quite a run with almost a quadruple in price. A very recent article stated one expert's predication of $1400 per ounce in the next six months.

If investing in gold is getting a little too pricey for you, don't forget the "poor man's gold" - silver coins and bars. Silver has been having a heyday too lately and is knocking on the door of $16.00 per ounce. If you have yet to start investing in precious metals, seriously consider taking that first step now. Several experts say this ballgame isn't even in the middle innings yet.

Happy investing!