Today's troubled economic times may have a ray of light through the storm. Gold prices reached a record breaking high on Monday, November 8, 2010. Gold prices soared to $1,399.80 per ounce at the Comex division of the New York Mercantile Exchange.
Goldman Sachs predicted that gold prices would continue to rise through December to an estimated $1600.00 per ounce. Silver also reached a thirty year high, topping out at $27.00 per ounce.
Global economists are hopeful that the soar in gold prices will help secure the weakening U.S. dollar. Experts are hopeful that gold could very well become the cuurency standard as an international reference point.
Gold prices grew despite troubled economies including the United States, France, Italy, and other European countries.