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McEwen Mining Chief Owner Pits Gold to Hit $2,000/oz, Even $5,000/oz
Jul. 18, 2013 04:51AM PST
Precious Metals InvestingMining Weekly reported that, according to McEwen Mining’s Chief Owner, Rob McEwen, the recent price drop in gold is an anomaly, and that it will rebound past $2,000/oz in two year’s time, and possibly even $5,000/oz.
Mining Weekly reported that, according to McEwen Mining’s Chief Owner, Rob McEwen, the recent price drop in gold is an anomaly, and that it will rebound past $2,000/oz in two year’s time, and possibly even $5,000/oz.
As quoted in the market report:
McEwen pointed to historical precedents where governments debased their currencies through monetary expansion in excess of their sustainable debt loads, which caused the currency to devalue relative to assets such as gold.
