TSXV:PEM.P - Post by User
Post by
Loserboardon Mar 05, 2015 12:53am
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Post# 23491820
Don't miss the boat bargain prices, not for long!!
Don't miss the boat bargain prices, not for long!! Rob McEwen is sticking to his guns.
Despite the poor performance of the gold price the last two years, and predictions from numerous experts (including Goldman Sachs) that it will drop further, the famous gold entrepreneur maintains his long-held belief that bullion will head north instead — perhaps to US$5,000 an ounce.
“I think we’re at a turning point,” the chief executive of McEwen Mining Inc. told investors in a luncheon presentation.
He pulled up charts showing the explosion in the U.S. monetary base since 2008, along with rising debt relative to GDP. He also noted that a New York condo recently sold for US$95 million, while a Gauguin painting sold for almost US$300 million.