Gold prices are skyrocketing—recently closing at over $1,000 an ounce, the highest in almost a year—while inflation fears continue rising and the dollar weakens.  This is the news that the media is echoing, quoting several analysts.  Many are blaming President Obama’s stimulus package for amplifying investors’ fears that his spending plan will only push the country deeper into recession.

Analysts’ forecasts, nonetheless, are a mixed bag.  Some analysts are calling the gold rush a bubble that can burst, as the dot-com…

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As the Dow Jones Industrial Average approached record lows, gold prices shined on a seven-month peak, on Tuesday.  Details of President Obama’s new stimulus package catapulted inflation fears causing investors to hurriedly divest out of their portfolios, dumping company stocks and demanding more gold – considered a safe haven asset – according to Bloomberg.

Gold rose for a second straight day on speculation the recession will deepen, boosting the appeal of the precious metal as a haven asset.

In fact, from some…

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