The price of an ounce of gold continues a rise that's lasted more than two years, up more than 67% in the past year alone, but how long can this go on?
Well, at the current rate this gold could continue through the rest of the year -- barring unforeseen circumstances, and there are plenty of those in a world as volatile as it is today.
There's no predicting the future, says Glasgow Investments head Ron Glasgow, "do you remember a year ago we were talking about bitcoin going to a million dollars a coin. Did it?"
"I don't think gold is going to $50,000 an ounce or anything crazy like that, but I do think this new $5,000 standard for an ounce is the new norm. It could drop down, but I don't see it going down to $2,000 again anytime soon, either."
Some of the rise in gold is people going into hard assets to protect their wealth in times of uncertainty, "and the market hates uncertainty more than it hates bad news.
"I mean bad news makes things come down in the short run but uncertainty is what really kills markets."
The current run of gold from about $2,000 an ounce in February 2024 to the current price of more than $5,000 wasn't caused by any one factor, Glasgow says.
"I don't think there's just one factor out there that's causing this, I think it's all the things going on and if you just step back and look at everything that's going on, it's pretty extraordinary."
And gold isn't the only precious metal that's on a big ride up the roller coaster, because silver is also on a quick ride; the price of silver has taken a leap of 424% since January 2020, the start of the pandemic, and is up 314% just over the past three years.
But Glasgow doesn't buy into gloom and doom.
"People are saying the dollar is losing its steam on the world stage and all that, but you know, I think we're still the standard. I mean, where else are you going to go?
"You have China, but you're going to play by their communist rules? That's very tough to do business unless you're going to do it exactly their way.
"After that you've got the European Union, which is a little bit of a mess. So I think the United States is still there with the greatest markets, even with the sale of US treasuries, its a sale of millions or billions of dollars but still a tiny fraction of the overall markets.
"America is still there, we still have the strongest currency, but that doesn't prevent people from trying to find a safe haven like gold in times of uncertainty.
"Gold has always been the gold standard, so to speak, of monetary safety," he says.