With the spot gold price now having broken out into new high ground, having touched $1594 per ounce earlier this week, here is a round up of what the experts are saying. However, a couple of points: first the gold price is still some way off its equivalent high of the 1980′s. In other words, allowing for inflation it should be registering about $2,400 per ounce & second the prime driver for gold is not the fear of inflation which will, no doubt, come later, but the utter chaos that has been created by the greed and incompetence of the banks and politicians as they try to control the after effects of the financial crisis.
