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