As more business leaders express concern over the possibility of a year-end fiscal cliff, safe haven investments like gold appear more enticing. But experts also warn against jumping into the gold rush.
Raymond Key, head of metals trading at Deutsche Bank, told Bloomberg News this week he expects gold to surpass $2,000 an ounce next year.
The price of gold is currently around $1,700 an ounce in futures trading, down from previous highs of $1,900, not adjusted for inflation.
Peter Schiff, CEO of Euro Pacific Precious Metals in New York, said gold could rise even further.Continue Reading on abcnews.go.com