All that glitters aren’t gold . But there are more to gold that glitter. And that is the money. It is believed that the price of our ever dear gold will sooner or later peak to a thousand dollars per ounce. According to Jeffrey Rhodes, chief of the INTL Commodities, expect to make a fortune out from your gold bullion . If the price of gold exceeds $965 this year, it won’t be miles away before it hit the grand price.

Rhodes added that speculators and the present financial quagmire all add up to the rise of the price of gold. To those who bought gold in the past, congratulations! And there are still a lot of people who buy gold as they expect the price to continue to soar.

But what makes the price of gold rise this year? The answer is simple. It’s the global financial crisis. People tend to tight-grip their money more than ever. They are afraid to invest in volatile stocks and the only sure investment they can think of is buy gold. And with this, the price of gold has soared this year. Gold is considered a currency stronger than the dollar. It is widely asserted that gold is the only “currency” who can weather inflation without getting scratched up. Now, it the dollar losses value, it also losses its value versus gold since it is always in the other way around with gold.

With investors thinking that the government’s action to annihilate the inflation is only a sweet additive to the problem, a lot of these speculators buy gold bullion . This triggers the price of gold to go up. It is even expected that the price of gold bullion will continue to rise at an average 10 percent a year. The present price of $750-850 is a basis of how it would be sold in the future.

In the past,60 percent of gold buyers are jewelers while 40 percent were investors. However, this could change now to around 50-50. There is actually a reversal of fortune as of these days and a lot of speculators and investors agree that at least 10 percent of one’s investment holdings have to parked in gold.