When my husband looks at a gold price chart, he always ends up telling me that the price is nowhere near the top of its trajectory. Based on other commodities price charts that he’s seen in the recent past, there is a lot of room above the current price of roughly $1,700 per ounce.
This is great news for anyone who thinks that the price of gold is too high already to get in and that it’s too late to buy gold bars – to get on for a ride. I won’t speculate on the ultimate price of gold in the coming months and years, but again – as my husband points out from the charts – there is no indication that the price is going the other way any time soon either.