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Follow on Google News | Global demand for gold is expected to outstrip the production by 25 per cent in 2011.Sahit Muja: Gold has been the one proven of holding its value
Albanian Minerals President And CEO Sahit Muja said "Demand and prices for gold is skyrocketing around the world". China, Indian and the Middle East accounted for 70% of world demand in 2011. Indian gold demand is supported by cultural and religious traditions which are not directly linked to global economic problems. Albanian Minerals President And CEO Sahit Muja said A significant investment demand in gold has increased considerably in 2011 on global economic concerns. Gold has become the most desirable of investments as global economic concerns cause investors to lose faith in stock market. Albanian Minerals President And CEO said "Gold have attracted mankind for generations due to their beauty and rarity" In the times of hyper inflation, gold has been the one proven of holding its value" Global gold mine production is expected 2,500 tonnes in 2011. Albanian Minerals President And CEO said "Albanian Minerals expect that global demand for gold is expected to outstrip the production by 25 per cent in 2011. and gold production today is unable to respond quickly to a change in price outlook in global markets. # # # Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe End
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