It's easy to see how the new floor for gold could become $2K an ounce, with this recession -- things are just warming up. Wait until the layoffs with nobody hiring, slow down in the economy, slowdown in the housing market, S&P drops 40-50%, debt obligations to start failing, and banks freeze up again. With the last recession gold was 1K before virtually anyone even thought about buying it. Then it 1K became the new "bargain". I think that's going to happen again, but with 2K becoming the new "low" price. And although it's shot up recently, I'd say it's now or never, if you haven't bought yet.
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