Gold hot today as market price reaches $1000

The market price for gold today reached $1000 with numerous investors running away from their stocks and into gold bullion as a safe haven.  Gold has performed very well as markets around the world continue to crumble.  Things are a mess in Europe as countries such as Ireland and Greece are deteriorating quickly.  Many people are concerned that there is still alot more room for economies to weaken, and are afraid of the inflationary pressure that is likely to occur once the huge amount of economic stimulous hits the market.  Some smaller European banks have actually reached a point where their debt obligations exceed their own country GDP by 5 to ten times. Certainly the Gold market price will continue to be a hot news item for the rest of the year.