As economic problems around the world continue to manifest, more and more people are realizing that gold is the ultimate safe haven asset. Quite simply, gold is the best way to secure wealth and protect portfolios from the ongoing currency debasement that has seen the US dollar lose over 80 percent of its value in the last decade alone.

Gold, meanwhile, has had gains for eleven straight years, and some wonder if it’s too late to buy gold. This question was asked when gold doubled to $750 in 2007, asked again when it breached $1,000, and then $1,500, and no doubt will be asked when gold soars through $2,000.

Until governments around the world stop spending beyond their means, stop running huge deficits, stop incurring massive debts and stop creating fiat (paper) currency, gold will continue to rise.

America’s first ever credit rating downgrade occurred in 2011 due to ratings agency Standard & Poor’s being wholly unconvinced that a newly structured debt deal contained enough spending cuts and overall deficit reduction to begin to address the country’s financial crisis. Fiscal and monetary responsibility is nowhere to be seen in America’s foreseeable future. Japan and Europe are facing similar economic crises. As such, currencies will continue to fall in value, inflation will continue to grow and gold will continue to rise.