Should gold reach a price of $1,500 an ounce, it won’t be its real value. Just like how its deflated price now doesn’t reflect real value either.

Rather, $1,500 an ounce would be the marked-up price caused by another inflation-fueled investor flood into the yellow metal.

As gold goes up, it gets more popular and investors start piling into it. And if gold gets anywhere near the $1,500 mark, sell. You know there is an old rule when it comes to exploration companies: don't pay more than two times cash per share if there are no proven assets in the ground.

Its all about the build up with gold; it always is that initial excitement and then it wears off. Lastly don't forget that Gold is a hedge against inflation; not necessarily a recession (though holding gold is never a bad idea)