Gold is soaring to historic highs. I have long suggested a ‘false demand’ fueled by speculation, self interest, and the powerful motivating factor called greed, has been and will the driving force behind the price of gold. We saw the very same motivators drive Wall Street… until the walls came tumbling down because the underlying fundamentals were simply not there to support them. Is gold headed down that same path right before our eyes?

I read a very interesting commentary by Jon Nadler, a senior analyst at Kitco Bullion Dealers Montreal this morning that is definitely worth a read…

Carry On-Greed Knows No Bounds

For the first time in more than 20 years gold has hit the $800 per ounce mark. As little as 3 years ago gold was just $400 / oz. While there are a lot of reasons for this dramatic rise in price, one thing is sure, it has affected the cost of jewelry and will continue to as prices continue to climb.