The FOMC kept rates at 0% to .25% Tuesday, just as expected. Hints at more quantitative easing only added to the anxiousness of the people as more and more clamor to gold for a safe haven.
Gold was as high as $1290/oz with Silver breaking $21 for a brief period of time. The public seems to be realizing that we are not out of the woods yet , and there is a strong possiblity the US$ could drop even further in value.
Those sitting in cash if this happens will be losing buying power daily, while those sitting in gold will be adding to their net worth.
Remember, these metals are not necessarily going up in value, rather the currencies of the world that are being mass printed are losing their value.