Gold prices to increase as China launch gold trading on local market

 Sahit Muja: Gold China

Sahit Muja: Gold prices to increase as China launch gold trading on local market
China to start gold trading of precious metals in its local market in order to help China become a "major gold trading center".

China's Shanghai Gold Exchange has released draft rules for such interbank trading, which will include spot, forward and swap contracts for precious metals.

China has introduce a "market maker" system for precious metals trading with transactions done on an over-the-counter basis compared with the exchange-based pricing mechanism .
The move by China will make gold the first commodity to trade on the interbank market.Chinese regulators have said they would gradually open up the country's commodity exchanges to allow foreign investors to trade on gold, copper, aluminum contracts.

Plans for crude oil futures on the Shanghai Futures Exchange are completed and awaiting regulators' approval. The crude oil contract would become the second commodity futures, after gold, to allow foreign investor participation.

China is the world's largest gold consumer and producer, China is planing to become a major global gold trading center on a par with London and New York.

China is also the fifth largest holder of gold reserves in the world after the U.S., Germany, France, Italy. China to aspire to have their currency become the global reserve currency in the long term.

Albanian Minerals expect central and local banks in China to fuel demand for gold.

China is stocking up on gold as it divests itself of its dollar and euro holdings but also is encouraging its increasingly affluent citizens to buy gold.

Albanian Minerals expect China to buying more gold in the future as it attempts to divest $3.2 trillion in reserves and become the global reserve currency in the long term

Albanian Minerals expect that gold prices and demand to increase in Q3 and Q4 of 2012.

Sahit Muja
President and CEO
Albanian Minerals, New York

Markets: A $60 trillion global debt will boost gold prices

 Sahit Muja

 Sahit Muja: US Gold

Sahit Muja: Markets: A $60 trillion global debt will boost gold prices.

Printing money is only way out for US and Europe to pay $30 trillion in debt. US and EU can't print gold.
The gold is a safe haven from the inherent risks in global pyramid scheme money system. Gold is safe store of value. Paper debts, paper assets, paper currency, they can all default or deflate tremendously in value.

Paper is the hedge, not gold. When I look at the miserable balance sheets of the European Union, US, UK, Japan and many countries, I know the gold is only safe investment..
If the US government were a corporation, it would be bankrupt. Gold is certainly not a dangerous investment relative to others. Real Estate is still overpriced as are most stocks by many metrics.

There is some $60 trillion dollars of dollar global debt, $30 trillion of it owed by EU the USA. The ONLY way out for the mega-debtors is to inflate the euro and dollar - so inflate they will.
Given that the Fed and other central banks can inflate away the value of fiat money, and government's can print more money.The Federal Reserve has kept U.S. interest rates at virtually zero, with no sign of a hike on the horizon, thereby lowering the opportunity cost of buying gold.

The bankers have made speculators of us all. Thanks to the Fed, the stock market is once again all bubbled up and ripe to pop for the third time in 12 years. Housing prices still have not returned to historical multiples of income.
Albanian Minerals expect central banks in China, India, Saudi Arabia, Russia, EU, US to fuel demand for gold. China is stocking up on gold as it divests itself of its dollar and euro holdings but also is encouraging its increasingly affluent citizens to buy gold.

China will only be buying more gold in the future as it attempts to divest itself of some of its estimated $3.2 trillion in U.S. dollar reserves
To find new deposits of gold, mining companies must invest more in infrastructure and drill deeper into undeveloped areas to find the last remaining of gold.

Albanian Minerals expect that 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

India: Gold price and demand to pick up in second half of 2012

Sahit Muja: Albanian Minerals

Sahit Muja: India: Gold price and demand to pick up in second half of 2012.
The gold prices rallied sharply on Friday. The Comex August contract rose $26.70 to settle at $1,592 an ounce. Idia is the top user of gold in the world .

Gold consumption in India rose to 970 tons in 2010.
Albanian Minerals predicts that Indian consumption of gold may climb to 1000 metric tons in 2012. Gold has traditionally been the most popular precious metal investment in India, where brides are often weighed down by their jewelery in a display of wealth and economic status.

The wedding season and beginning of the monsoon season in India and festivals increases the country's appetite for gold. India, gold consumption has been on the rise despite record high prices. About 11 million marriages held a year in India, and gold has traditionally been the most popular . India, which imports most of it's gold bought 815 metric tons of gold in 2011.

The Indian farmers in remote villages use bullion in the absence of banks for savings. The largest buyers of gold in India are farmers, around 70% of gold is bought in rural areas. Indian farmers also invest in gold because they don't trust the banks. Indian's view that gold as the best investment.

Albanian Minerals estimates that gold prices has increased 500% in 10 years . Gold price in 2002 was $309.74 an ounce. While markets have been uncertain in the last few years, gold has been an ideal investment and has provided consistent returns to Indian investors.

Albanian Minerals expect gold buying in India is set to rise . Devaluation of dollar, euro, economic problems, political tensions, inflation, and exchange rates are other factors that will also contributed to rising gold prices and demand.
Sahit Muja
President and CEO
Albanian Minerals, New York 

Global Stocks, gold, copper, oil, corn, metals were up sharply today

 Sahit Muja

Sahit Muja: Global Stocks, gold, copper, oil, corn, metals were up sharply today

Global stocks surged on Friday, lifted by economic figures that eased concerns about growth in China and earnings by US banks

Wells Fargo & Co.'s second-quarter profit rose 17% from a year earlier, as the nation's biggest mortgage company benefited from falling interest rates and rising use of a government refinancing program.

China's economic growth at 7.6% year-over-year in the second quarter.Gold futures posted gains, rising for the first in four sessions, on a pullback in the U.S. dollar and inline data on China’s economic growth.

Gold for August delivery climbed $26.80 or 1.71%, to settle at $1,591.70 an ounce on the New York Mercantile Exchange.The price of oil climbed on news about supply reductions around the world.

Crude oil at $87.10 per barrel in New York, Gasoline finish at $2.8161 per gallon. Heating oil rose by 1.49 cents to end at $2.7882 per gallon. Natural gas at $2.874 per 1,000 cubic feet.
Corn prices jumped again, hitting their highest level since last August

London Metal Exchange copper price is up sharply today at $7,725 up $145.
In New York, the COMEX September contract jumped 8.90 cents or 2.6 percent to settle at $3.5040 per lb, near the upper end of its $3.4125 to $3.5075 session range.

COMEX copper volumes reached 47,500 lots in late New York trade, a shade above the 30-day norm, according to preliminary Thomson Reuters data. Zinc closed up $31 at $1,874 a tonne. Silver was up 1 percent at $27.39 an ounce.

Sahit Muja
President and CEO
Albanian Minerals
New York

The gold price jumped $48.90 today



Sahit Muja

Sahit Muja: The gold price jumped $48.90 today
Gold futures are up $48.90, or 3.16%, at $1,598.60 an ounce.
Gold prices rallied 3.16 percent on Friday  as a deal to shore up banks and cut borrowing costs at a

European Union summit sparked a surge in assets seen as higher risk.
Euro zone leaders agreed to take emergency action to bring down Italy's and Spain's  borrowing costs and to create a single supervisory body for euro zone banks by the end of this year, a first step towards a European banking union.

Gold prices has increase from $35 in 1934 to $1598.06 an once in February 04, 2012.
Gold is the most important monetary currency throughout the world's history.
Gold is measured in troy ounces and the price of gold prices are stated in terms of the cost of one ounce. One ounce is equivalent to 31.1 grams or .07 pounds.

Historically, the United States has fixed the price of gold.
The price of an ounce of gold was fixed at $20.67 for many decades until 1934 at which point the price was raised to $35.00.

In 1975 the price of gold was allowed to fluctuate.
 The United States holds the largest gold reserve in the world with 9,301 tons, followed by Germany

3,412 tons , Italy 2,452 tons , France 2,437 tons, China, 1,200 tons, Switzerland 1,055 tons, Russia, 776 tons, Japan, 765 tons and Netherlands 675 tons.
Sahit Muja
President and CEO
Albanian Minerals
New York

Gold, oil and copper prices rose on positive news in the US and China.

 Sahit Muja: New York

Sahit Muja: Gold, oil and copper prices rose on positive news in the US and China.

 Oil, gold and copper futures rose on Thursday after reports showed improvement in the U.S jobs sector and in persona income.

China's manufacturing activity improved at the fastest pace in five months in February backed by a strong rebound in export orders, the latest survey by China's Federation of Logistics and Purchasing (CFLP) showed Thursday.China's purchasing managers' index for the manufacturing sector improved to reach 51 in February. 

Gold price soared$13 dollars today and oil prices rose to $108.90 on tensions over major crude exporter Iran and in the wake of positive news in China and the U.S. 

Copper prices rose earlier in the day in news from China. Copper rose more than 1 percent on Thursday.London Metal Exchange (LME) three-month copper rose
$131 or 1.54 percent to end at $8,630 per tonne.

Oil rose as the U.S. put more pressure on Iran to halt its nuclear program and improving American economic data bolstered optimism that fuel demand will climb. China's manufacturing expanded at a faster pace in February, the purchasing managers’ index rose for a third month to 51.0 from 50.5 in January.

The markets may benefit from a positive reaction to the Labor Department's report on initial jobless claims in the week ended February 25th, which showed an unexpected drop in claims.

The report showed that initial jobless claims edged down to 351,000 from the previous week's revised figure of 353,000. Economists had expected jobless claims to creep up to 355,000 from the 351,000 originally reported for the previous week.

With the drop compared to the previous week's revised figure, jobless claims are at their lowest level since coming at 347,000 in the week ending on March 8, 2008.

Sahit Muja

President and CEO

Albanian Minerals

New York

Gold is the safest investment in these uncertain economic times

 Gold: Sahit Muja

 Sahit Muja: The price of gold in a hundred years has increased more than 86 times an average of 86 per cents a year.
With the global economy and  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.
Gold is probably the safest investment that can be made in these uncertain times.

There are not many other things you can invest in that shows the same level of strength as gold does. 

Gold is a great way to protect your savings from inflation and make a nice profit at the same time.

 Gold has traditionally always been a strong investment. The reason is that people are afraid to invest their money in currencies when the economy takes a dip.

Gold has always had value in societies for thousands of years. 

Gold has a staying power that just will not quit. People continue to invest in gold, no matter how the economy is doing, which makes it a strong investment.

Currently, many people are choosing not to invest in currencies, which means they continue to purchase more and more gold. As more and more people continue to put their money into gold, this allows the overall price of gold to continue to rise.

Gold has a history of rising in value during the roughest economies. Currently, the economy is incredibly rough and the price of gold has been shown to rise.

 For the person who wants a high quality investment that will always stand the test of time, gold is the perfect answer.

Even when the economy is doing well, this investment just never quits and always has a high value.

Gold is one of those few high-quality investments that is a smart option for any investor. In addition, gold stocks that pay dividends are also a wise choice for an investor.

There are many different ways to own or purchase gold which includes jewelry bars and coins which is the simplest way for the average consumer to acquire gold.

Investors can buy stocks in gold mining companies as well as other negotiable instruments. This is a little more complex than simply buying jewelry, coins, and bullion.

Sahit Muja

President and CEO

Albanian Minerals

New York