U.S. Gold’s McEwen Forecasts $2,000/oz Gold Price by 2010

As evidence for his assertions, McEwen noted that less gold is being mined, and it is "costing more to produce it." Only large central bank sales could potentially derail gold prices, he explained.

Mining entrepreneur Robert McEwen, Chairman and CEO of U.S. Gold Corp., declared Wednesday that he expects gold prices to rises to at least $2,000 by 2010.

During an interview with Bloomberg television Tuesday, McEwen advised investors to buy gold bullion and gold stocks...

As evidence for his assertions, McEwen noted that less gold is being mined, and it is "costing more to produce it." Only large central bank sales could potentially derail gold prices, he explained.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe