Gold prices today as of about 12:00 P.M. EST, are pretty much level, standing at $1,238.00 after two days of soaring to record highs, as the mulling over of the consequences of Europe's almost $1 trillion bailout offer to irresponsible countries has investors concerned.
Most people are starting to understand that you can't spend more money to take care of a situation where people are already spending too much money. It makes no sense, and over the last couple of years as governments and central banks around the world have been printing money non-stop, and the value of paper currencies continue to plunge.
And it's also understood that this is far from only a Greece sovereign debt crisis, it's a crisis which could, and probably will, spread across all of Europe, and possibly worse.
Either way, gold will be a strong performer for some time because of the misguided responses by politicians and central bankers to the economic crises we've been experiencing, and they're only pushing the inevitable pain down the road, but we'll ultimately have to face it, and gold will continue to move up as investors have very little safe havens to put their money in.
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