Associated Press announced that "the price of gold surpassed $1,800 an ounce Wednesday for the first time as investors pulled their money out of stocks and snapped up precious metals contracts."
Goes to show that diversification is the Key! As the Gold pundits were saying for the past 2-3 Years, "buy gold" its going to $1,000 dollars an ounce, well it is way past. However, I would caution investors to only have gold as part of your overall investment strategy and not the major component.
Most experts recommend a maximum of 5% of your Liquid assets in Gold! Buyers should beware that Gold is at an all time high and new purchases of Gold at this price is not advisable!
You should always check with Financial Experts before making an investment decision in Stocks, Bonds, Treasuries, and Precious Metals to determine whether this is appropriate for you. Gold shoots past record $1,800 an ounce - Yahoo! Finance