SAN JOSE, Calif.--(BUSINESS WIRE)--As Green Technology Solutions Inc. (OTCBB: GTSO) continues its efforts to secure new gold mining rights in Asia, global demand for the precious metal remains strong due to concerns about Europe's debt crisis.
Gold is in the eleventh year of an unprecedented bull market. The metal’s price reached a new high of $1,923.70 per ounce last month as investors sought to diversify away from equities and currencies. Gold has risen by 19 percent in 2011.
“If gold is in a bubble, it’s been a six thousand-year bubble,” said GTSO CEO John Shearer. “It remains the ultimate safe-haven investment because it has always been considered valuable, dating back to prehistory.”
GTSO is focusing all of its attention and resources on the exploration and development of gold and other precious metals. Last month, GTSO signed an agreement with the mining company New World Energy (NWE) to tap new gold reserves in Indonesia, one of the world’s top producers of the precious metal. There, the joint venture is working to secure development rights on the mineral-rich Island of Lombok, where other exploration companies have achieved highly positive drilling results.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes the Kinross Gold Corporation (NYSE: KGC), SPDR Gold Shares (NYSEArca: GLD), Barrick Gold Corporation (NYSE: ABX).and AngloGold Ashanti (NYSE: AU).
To track gold’s meteoric rise and learn more about GTSO’s resource development initiative, please visit www.gtsogold.com/investors.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.GTSOgold.com] is a growth-oriented company exploring precious metals production around the world. To learn more, please visit our website at www.GTSOgold.com/investors.
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