Gold price values from http://www.priceofgold.org.uk have indicated that the price of gold has entered into a prolonged and steep rally.

On Thursday 22nd September 2011, the world stock markets saw the largest fall in value for over 2 years. Continued trouble in the Eurozone has forced unprecedented cautiousness from investors resulting in a major slow down in trade. With Italy looking to be the next to feel the contagion, stock price drops may lead us into a second ‘double-dip’ recession that many financial analysts predicted from the outset.

With stocks plummeting over 6% across the globe, there is little celebration to be had. That is, of course, if you’re not lucky enough to own gold. While the initial panic caused an unexpected fall in the price of gold, an expected lag in investment will soon see the gold price rally to an almost $2,000/ounce level. Gold prices will likely be at an all time high, and record gold prices mean one thing – economic turmoil.

Good luck and God bless!