As the economy has become more and more unsure of itself over the last year, the price of gold has steadily been increasing. Today the gold spot price broke its all time record high, as the price of gold exceeded $1274 per TROY ounce for the first time ever.

In the past 1 year, the gold price has risen over 24.5% from a low of $990.20.

Currently gold is up $25.38 per oz (2.04%). Gold is used extensively to hedge investments that are loaded with stocks, bonds and mutual funds. Gold excels in an economy filled with uncertainty, and inflation. It is considered to be one of the most secure forms of investment, along with other commodities and precious metals such as silver, platinum, and oil.

Where do you think Gold will go next? Will it continue to increase, or will this new record high last a long time?