Now that we have grown another decade older and ridden the roller coaster of the past ten years, it is time to take a look at the state of the gold market today. As most of us know the precious metals market has grown tremendously in recent times and for several years. Gold has hit an all time high of 1227.00 an ounce in December and has now slacked off some. As I see the market today, I am taking a very guarded look at what is driving the price . Gold is traded with US. dollars and as the dollar moves up and down the scale gold moves along with it. The housing and jobs market along with general negativism and the recession have caused the dollar to drop in value around the globe, causing the metals market to jump in value and remain above the 1000.00 mark for gold. If you look around the web and read some of the other reports that claim to be able to forecast that gold is going to 3 or even 4 thousand dollars an ounce, I for one do not believe the pundits. I have always taken a cautious view due to the volatility of the market place.  The pundits are claiming that if gold had kept up with inflation it would now be at these very high prices, or some claim that the world monetary system is going to fail and gold will be the only real money. Indeed the recovery in the US is going to long and hard, but if we look at other parts  of the world we can see China roaring along and India not far behind. These two countries are the largest gold buyers in the world and for the first time they both have an emerging middle class clamoring for all of the trappings that surrounds that lifestyle, including gold. Gold has gotten to the point where some stores cannot afford to carry it and still be able to offer it at an affordable price for the average consumer. My felling is that gold may well keep on climbing possibly to the 1500.00 dollar mark sometime this year or early next year, but not much higher unless the US economy falters and falls back to 2009 levels or lower. But now as always if you feel that the time is right for you to sell the gold that you have I urge to do so even if the pundits are right and I am wrong or possibly our recovery will be quicker which of course will have a negative effect on price.