The Gold Market is About to Get Really Hot

With the recent volatility in the gold market this year many are wondering if the gold will be able to maintain its viability as a safe haven.  After all todays price of gold is $200 off of the high that was reached in March of 2008, yet the overall economy is a disaster compared to where it was in March 2008.  Based on current economic conditions, one would think that gold should be at an all time high right now.  However, it is important to note that physical demand for gold is near record highs right now and there are fewer gold discoveries being made today as gold itself is very difficult to find and very expensive to mine and produce.  At some point in the very near future it is very conceivable that gold is going to quickly race to new price levels as people around the world have been flocking to physical gold bullion and coins as a safe haven.  It is interesting to note that coin stores and places like Ebay are demanding in many cases a 20-30 percent premium for gold related items.  It looks like 2009 will be an extremely interesting year for the price of gold.