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Silver To $200, Gold To $5,000 In Next 4 Years~ Rob McEwen
Bloomberg’s Lunch Money segment featured an interview with McEwen Mining CEO Rob McEwen discussing his outlook on the gold and silver markets.
McEwen points out that the dollar has lost 85% of its purchasing power in the last 11 years in terms of gold. When questioned regarding his price outlook, McEwen stated that over the medium term, gold is headed to $2,000 certainly next year, and that silver will test $50 again when gold reaches $2,000.
For his long term outlook, McEwen states that gold is headed to $5,000 and silver to $200 in the next 4 years (we agree with McEwen on that timeline, as would the legendary Jim Sinclair).
McEwen states that its getting harder to find and mine gold and silver, mainly due to government risk of more regulations, and higher taxes. As does SD’s own SRSrocco, McEwen also points out that ore grades are declining, and that many mining projects are not coming on as advertised, and will be curtailed, greatly decreasing the supply for gold and silver in the coming years.
Not even close, try silver at 37,000 and gold near 50k. These will be the only form of currecies globally, an the valuation thus base on supply will bubble once they flush out the 1/2 hearted preppers who think 100 to 150 is a deal. ONLY form of currency, no markets, no bonds, no notes, no credit, no personal loans, no government borrowing, just millions tryn to live selling those worthless tv, cars, tangiabld items, while the metal guys buy up farms sn huge rentalsvat rock bottom rates. That ratio of 1oz for 45 acres sounds great but i think u should add a zero, 1 oz for 450 acres.
pure bullcrap. peter schiff and the PM peddlers: “Gold by 2000. end of 2008″ and every year since then. please quit the crap, its dropped 200. USD since last year
Not sure of current trends in price but seen lots of countries buying or trying to get their gold back. My comment is purely speculation nothinh more. Utah now excepts silver an gold for payment, its a thing running under the wire, dont hurt to have some as a vessel of your portfolio, if u keep in hand