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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold at $5,000 in 3 to 4 years McEwen

Posted on 24 March 2011

The price of gold may hit $5,000 per ounce, nearly three times current levels, in three to four years, as demand from sovereign states, central banks and exchange-traded funds (ETFs) rises, the chairman of two Canadian gold mining companies said.
“Gold is used as insurance for bad governments,” Rob McEwen, chairman and chief executive of Minera Andes Inc and US Gold Corp , told Reuters on the sidelines of the Mines and Money conference in Hong Kong on Wednesday……………………………………….Full Article: Source


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