Indiana Grain Company, LLC

Posted: 06/26/10

By: tomgrisafi

The spot price of gold rose $13.58 on June 25, closing at $1255.70 per ounce, according to the United States Gold Bureau.

With the news media drawing so much attention on the soaring price of gold, many investors are wondering if the end of the current bull market may be approaching. Even as prices have gone up, though, many independent financial planners are recommending that their clients continue to add gold to their portfolio, which is helping to ease the minds of those that are considering additions to their precious metals holdings.

Since the price is based on demand and economical fundamentals, rather than on "concern," gold prices are poised to continue their rise. If adjusted for the price of inflation, gold would have to be priced at $2200 to even match its record high and many investors and experts believe that's exactly where the price is heading.

As the United States government increases its national debt, rising inflation is bound to follow, which would cause a further depreciation of the U.S. dollar. Add in the shaky stock market, the slide in real estate prices and continued elevation of unemployment levels and it's easy to see why gold buyers are still smiling as they ponder the future price of gold.