The Rising Price of Gold Boosts GTSO’s Outlook for 2012
SAN JOSE, Calif.--()--The rising price of gold continued to boost Green Technology Solutions, Inc.’s (OTCBB: GTSO) outlook for the new year today as the results of a European Union summit sent the precious metal into a rally.
Twenty-three European countries agreed to tighter fiscal union this morning, taking big steps to solve the continent’s debt crisis. The price of gold is climbing as the market breathes a sigh of relief. That’s good news for GTSO, which is confident that the price of gold to continue rising well into 2012. The higher the price of gold rises, the more profitable it becomes for emerging companies such as GTSO to explore and develop the yellow metal.
2011 has been a tremendous year for gold. The metal gained 22 percent in the past 12 months and hit a record high of $1,920 per ounce in September. Many market analysts say that 2012 will be an even better year for gold as it continues to be a popular hedge against inflation, predicting a rise to $2,200 per ounce or more in the next 12 months.
With the high price of gold making mining and development more profitable than ever, GTSO is working feverishly to finalize its partnership with Chery Minerals, LLC, and begin new development activities in Africa, South America, Alaska and parts of Asia.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes Goldcorp Inc. (NYSE: GG), Newmont Mining Corp. (NYSE: NEM), SPDR Gold Shares (NYSEArca: GLD) and Barrick Gold Corp. (NYSE: ABX).
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. In addition to gold, GTSO pursues the acquisition of rare earths and emerging clean technology innovations. To learn more, please visit our website at www.GTSOgold.com/investors.
Follow us on Twitter at http://twitter.com/gtsogold.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Posted: December 13, 2011