Gold futures are up $17.20, or 1.39%, at $1,257.30 an ounce in after-hours electronic trading.
Albanian Minerals President and CEO Sahit Muja said, “Gold prices will rise over 20 % in 2014, Gold has risen about 5 percent in 2014, gold has traditionally always been a strong investment”.
Sahit Muja said, printing money is only way for all global economy to pay $70 trillion in debt, Banks 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.
Sahit Muja said, “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 long term safe investment”..
Albanian Minerals President and CEO Sahit Muja added, the only way out for the mega-debtors is to inflate the currency – so inflate they will.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.
Sahit Muja said: The reasons why gold is precious is its rarity. Gold is hard to find, and hard mine. The gold extracting from the earth presents its own challenges and is very expensive. In the year 1920, a 1 oz Gold was $20 due to inflation, 1 oz Gold is trade at $1257 today.
By Anna Cohen
New York News