Sahit Muja Tropoje, Albania: Gold price jumped $54.80 an ounce today. The price of gold has a huge gain Friday, gold is up $54.80, at $1,669.00 an ounce as U.S and China raised expectations that government's will take more action to help the economy.
The US Federal Reserve Chairman Ben S. Bernanke said the central bank has the ability to take additional steps to boost the economy.
“There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery,” Bernanke said.
Also gold gained on Friday on news that the European Central Bank is considering a new bond- buying program that could help contain borrowing costs for Spain and other debt-laden euro-zone countries.
The unrest in South African has started to affect global gold prices. South Africa is world's fifth-largest gold producer.
South Africa is famous for its gold abundance and accounting for a significant proportion of world production and reserves 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 global economic 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 global 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 gold 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. As my grandfather always said in Tropoje, Albania. "You need a gold as a safe haven"
Albanian Minerals is investing in gold mining industry.
President and CEO