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July consistently be probably the most profitable month for Gold investors, now up $126.10 (8.47%) since July 5th. Gold is trading at $1,613.80 this morning after reaching $1,623.40 per ounce (an All-Time high) overnight in Asia. The main factor affecting the associated with gold first auction week was Debt, both U.S. and European. The Eurozone countries were in a position to successfully along with the debt problems, while the U.S. debt ceiling problems worsened. Info on what could happen if for example the debt limit isn't raised and its effect on precious metal prices is below.

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