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| Gold: Sahit Muja |
Sahit Muja: Gold price has increased more than 86 times in 100 years
The gold prices on February 26, 2012 is $1773.20 per ounce and the price of gold on February 1912 was $20 per ounce.
The price of gold in a hundred years has increased more than 86 times an average of 86 per cents a year.
With the stock market and other financial markets so volatile, many global investors are turning to gold as a tangible investment.
Gold holds its value and provides easier liquidity than most other investments.
Gold is the answer for inflation, hyper Inflation and how to beat it.
There are countries like China and India that cannot get enough gold, central banks are stocking up gold.
The countries all around the world have been producing gold at a increasing rate throughout 2011.
China and India have been especially prominent figures in the gold market and have established new heights in record buying gold.
China has become the world's top producer with 361 tonnes of gold produced in 2011.
China is planning on producing up to 400 tonnes of gold in 2012.
Australia is the second producers of gold in the world
Gold output for the full year totalled 270 tonnes in 2011, an increase of 24 tonnes on the previous year.
The U.S produced 230 tonnes of gold in 2011.
South Africa was known historically as the top producer of gold, the production has declined as China has taken the top place in global production.
South Africa it is still one of the largest gold producers in the world.
Russia's current production of gold is at about 210 tonnes a year.
Canada has a current gold production of 170 tonnes a year
The list of countries with gold reserves:
Albania, Algeria, Ecuador, Korea, Republic (South) Rwanda, Argentina, Equatorial Guinea, Kyrgyzstan, Kosovo.
Saudi Arabia, Armenia , Eritrea, Laos, Senegal , Australia, Ethiopia, Liberia, Serbia ,Belize, Fiji, Madagascar, Sierra Leone.
Albania, Algeria, Ecuador, Korea, Republic (South) Rwanda, Argentina, Equatorial Guinea, Kyrgyzstan, Kosovo.
Saudi Arabia, Armenia , Eritrea, Laos, Senegal , Australia, Ethiopia, Liberia, Serbia ,Belize, Fiji, Madagascar, Sierra Leone.
Benin, Finland, Malaysia, Slovakia, Bolivia, France, Mali, Solomon Islands, Botswana, French Guiana, Mauritania, South Africa.
Brazil, Gabon, Mexico, Spain, Bulgaria, Georgia, Mongolia, Sudan, Burkina, Faso, Ghana, Morocco, Suriname.
Brazil, Gabon, Mexico, Spain, Bulgaria, Georgia, Mongolia, Sudan, Burkina, Faso, Ghana, Morocco, Suriname.
Burma (Myanmar), Guatemala, Mozambique, Sweden, Burundi, Guinea, Namibia, Tajikistan .
Cameroon, Guyana, New Zealand, Tanzania, Canada, Honduras, Nicaragua, Thailand .
India, Niger, Turkey, Chad, Congo, Indonesia, Nigeria, Uganda, Chile, Iran, Oman, United States .
China, Italy, Papua New Guinea, Uruguay, Colombia, Jamaica, Peru, Uzbekistan .
Japan, Philippines, Venezuela, Costa Rica, Kazakhstan, Poland, Vietnam, Cotd’Ivoire (Ivory Coast), Kenya, Romania and Zimbabwe .
Cameroon, Guyana, New Zealand, Tanzania, Canada, Honduras, Nicaragua, Thailand .
India, Niger, Turkey, Chad, Congo, Indonesia, Nigeria, Uganda, Chile, Iran, Oman, United States .
China, Italy, Papua New Guinea, Uruguay, Colombia, Jamaica, Peru, Uzbekistan .
Japan, Philippines, Venezuela, Costa Rica, Kazakhstan, Poland, Vietnam, Cotd’Ivoire (Ivory Coast), Kenya, Romania and Zimbabwe .
To find new deposits of gold, mining companies must invest more in infrastructure and drill deeper into undeveloped areas to find the last remainings of gold.
Gold prices and demand is expected to increase from lots of factors, from increase in the world population and the decline of the gold production, from devaluation of currencies and geopolitical problems.
Sahit Muja
President and CEO
Albanian Minerals
New York
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