Gold prices jumped on China's and global demand



 Sahit Muja: US, Gold



 Sahit Muja: Gold prices jumped on China's and global demand  

 China celebrated its  new year with  fireworks to welcome the Year of the Dragon.

The dragon is supposed to bring luck in wealth so gold has become very popular commodity in China. 

China overtook India as the world's biggest gold jewelery buyers in late 2011.

China's  new year means the giving of gifts but as the dragon, the only mythical animal in the Chinese zodiac, is associated with wealth, this year many people are giving gold instead of the more traditional gifts. 

Gold prices  jumped to on Monday and  futures rose on buying from investors.

  Investors are also waiting for euro zone ministers to decide

later in the day what terms of a Greek debt restructuring they
are ready to accept as part of a second bailout package for
Athens.  

Gold rose 0.75 percent to $1,670.18 an ounce by 0558
GMT as gains on Tokyo futures spilled into the cash market after
hitting a high of $1,672.89, its strongest since mid-December. 
   

Gold has risen more than 6 percent so far this year, but
stayed below a lifetime high of around $1,920 hit last
September. 

Albanian Mineralsis investing in gold mining:

The price of gold has consistently increased at a rate that defies inflation, making it an excellent vehicle for protecting your investment portfolio.

 In addition, because the price of gold does not react to many of the events that trigger fluctuations in securities markets, its value remains unscathed (or may even increase) when other investments will suffer. For this reason, many savvy investors use gold as a “safe haven” for offsetting the impact of potential losses in other financial markets.

Gold has outperformed just about every other type of investment, including stocks, bonds, and CDs.

 Based on its stellar track record, experts agree that the gold bull market is only beginning.

At its current price, gold is thought to be undervalued and likely to continue its upward climb, making this an ideal time to start investing.

Gold is the embodiment of wealth.

 Rare and in demand, gold carries an inherent worth that - over its long history - has always been valuable.

Throughout history, gold has played an integral role in the rise or demise of civilizations.

In short, those who have owned it have prospered. In times of turmoil or economic uncertainty, gold can provide peace of mind.

Sahit Muja

President and CEO

Albanian Minerals

New York