Since reaching a high price of $1,913 back on August 23rd of 2011, gold seems to have fallen off the investment radar screen.
In fact it seems the only time gold is ever on that screen is when it’s on its way to establishing new record prices.
Now that gold has settled comfortably in the mid-$1,600 range no one seems to be paying much attention.
But how should we take that?
Will gold slowly drift its way back down below the $1,000 mark, or will it—as some claim—continue to rise to ever higher prices punctuated by periods of price stability? And should we even consider gold as an investment?