What does the price of gold have to do with you? This has to do with the fiat nature of our currency. The rising price of gold and silver in dollar terms is an indicator of the sharp expansion of our currency supply.
As the currency supply expands, the purchasing power of your dollars goes down. The latest forecasts indicate gold will be at around $1,500/oz by year-end. This would mean an 18% increase over a 4-month period.
The dollar price of gold and silver is something we should be aware of. This is the single best indicator of what is happening to the purchasing power of your income.