The perfect storm seems to be gathering for gold, and the question on how high gold prices will go must be asked by all investors concerned over the safety of their capital.
While the obvious part of the brewing economic storm is the sovereign debt crisis in Europe, China has people concerned as well, not only because of a potential property bubble, but the implications of fighting that bubble by increasing interest rates and other measures being put in place.
That means demand for raw materials could decline if China continues on that path.
Gold prices today could be considered miniscule in relationship to what the price of gold may be in the future, as it's unprecedented what Europe is facing, and the contagion probably can't be contained just on the continent, let alone with Greece.
The price of gold today may become laughable if this perfect economic storm gains steam, and it's hard to see what can stop it from happening as entire countries spend far beyond their means in an ongoing culture of entitlement that is coming back to haunt them, and possibly many other parts of the world as well.
It's impossible to know where the price of gold today will end up, but it's certain to reach increase far beyond what it is in an environment never experienced before.
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