Friday, June 24, 2011

US Gold CEO sees $5000 gold, $200 silver within three to four ...

Posted on 23 June 2011 with no comments from readers

US Gold CEO Rob McEwen is talking his own book but then so is ArabianMoney whose editor is also the author of ?Dubai Sabbatical: The Road to $5,000 Gold? published 15 months ago (click here).

He thinks gold will show a similar increase in price to the 1970s in this gold boom and that takes the precious metal to $5,000. But if silver gets to $200 as he predicts that would be a five-fold rise from present prices compared with three-times for gold.

US Gold is creating a rival to Newmont as the only S&P 500 precious metals company. Tomorrow ArabianMoney will have a look at whether gold stocks or bullion are the better investment, and we will be considering again how best to invest in silver in the next newsletter (sign-up here).

Gold is up 70 per cent and silver by over 100 per cent since the publication of ?Dubai Sabbatical: The Road to $5,000 Gold? ? no other investment class comes close!

Source: http://www.arabianmoney.net/gold-silver/2011/06/23/us-gold-ceo-sees-5000-gold-200-silver-within-three-to-four-years/

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