Gold hit a high of more than $1,600.00 this week amid the national debt debates.
Financial adviser with Waddell and Reed Josh Funk says for the last ten years gold has seen a drastic increase.
"People have been flocking to gold because they're afraid of the US dollar weakening which it has, so you've seen the price of gold increase dramatically."
Tony prater CEO of Jensen Jewelers works with gold and buys it regularly.
"We buy gold on a daily basis, sometimes quite a bit and sometimes not so much, but we buy gold on a daily basis."
He says for consumers it's a great time to buy gold because retailers have set in their prices.
"it's a great time to be buying jewelry because the prices are still low based on prior gold prices."
Prater says Its also a good time to sell gold for the consumer. "Because the price of gold, you get paid what ever the spot price of gold is, so if it's a high price, you're getting paid for that right now, regardless of what the gold is going to do in the future, or go up or down, if it goes down you've really made a great deal."
Funk says for those investing in gold …"People need to be wise and not to think it... its not going to loose value, its pretty volatile right now, its been about as volatile as the stock market and the long term returns of gold haven't been as good as the US Stock Market."