Wow. It is simply amazing to see all those gold predictions that we've been listening about by people like Peter Schiff and Jim Rogers come true. It just reaffirms my faith in our cause...

"The Fed reiterated the fact that they'll keep interest rates low to stimulate growth, which will ultimately lead to a weaker dollar and higher inflation," said David Beahm, vice president in economic research at Blanchard & Co. in New Orleans.

Combined with demand from central banks, the continued drop in the U.S. dollar "is a great recipe for gold," he said.