Gold price continues its dizzying climb as economies come under threat

``Gold has breached a record $1,600 (£972) an ounce, and forecasts become wilder by the day. Hedge fund boss Christian Baha says the price could soar to $3,000. He believes western governments will print more money to stimulate their economies, further devaluing currencies, and at times of uncertainty, increasing gold's appeal as the ultimate safe haven: "I think there's more volatility coming up. I hope [government] deficits disappear, but if they don't, I want to be protected."''