The price of gold is rising unexpectedly in the world market and the experts suggest that the price may go beyond its record price in the near future.

According to the experts this price hike of gold is because of the investors who have chosen the gold for the security of their money at this time of huge economic crisis in the whole world.

As a result of this fear the gold price has raised by 9% this year and touched a peak of 1,264.90 dollars per ounce, but the economists across the world are predicting that it could go up to 2000 dollars per ounce in the near future.

Even the rapidly emerging economies like India, China and Brazil are affected by this issue.

The investors are totally afraid of the debt crisis, which has already caused government spending cuts, riots on the streets and unemployment at its worst level since 1930.

So the investors are expecting more problems by the crisis and they have selected the best and secure way to store their money in gold. But the economists across the world are so worried about this issue.