Current gold price per ounce

The current gold price per ounce is at $1501.

Gold has finally overcome the psychological barrier of $1500.

The recent spike in current gold price per ounce is due to fear.

The fear that US Dollar will lose the value, and the fear that United States will default on its bond.

The fact that Standard & Poor’s cuts rating is a very bad sign for the investors, even though everyone can see that United States is not doing well economically.

We do not really need the rating agency to show us how badly President Obama has done.

The fact is that many Americans are still not working.

The fact is that United States keeps on increasing debts due to unnecessary spending.

If only President Obama had the common sense to accept the recommendation of National Commission on Fiscal Responsibility and Reform to save $4 trillion in 10 years in December 2010.

If only he has the common sense to see the greatness of House Budget Committee Chairman Paul Ryan’s plan.

The beauty of Paul Ryan’s plan is to improve the economy by giving the free economy more power to recover.

Tax cut definitely puts more money into the hands of the businesses and people.

Companies which have migrated their production plants overseas will have the incentive to return.

As it is, President Obama proves his inability to understand the simple and beautiful concept of financial management for his country.

That is why the current gold price per ounce surges.

That is why people put faith in gold, and not in government.

The current gold price per ounce is definitely not at the highest.

Looking at the rate that the US Dollar declines, gold price has more room to grow.  It is a given that gold price will continue to reach new height.

If you have gold jewelries at home, you may want to keep until the gold price per ounce hits $1800 or more before selling.

If you have excess cash in the bank, you can buy gold or silver.

Since the current gold price per ounce is more than $1500, and out of reach of most people, you can consider buying silver, at less than $45 per ounce at the moment.