Gold Price Surging

Gold prices are surging while concerns about the state of the global economy looming. Investors are rushing to gold, pushing a high of $1,675.90 an ounce in New York on Wednesday, up from $1,641.90 on Tuesday.

Investors, spooked by a raft of discouraging reports about slowing job growth, have been pulling out of stocks and retreating into the safety of the precious metal.

The country's credit rating could still take a hit down the line, threatening the value of the dollar. Once you don’t trust in currency, you don't trust the markets and you don't trust your leaders. The only thing left is gold.