Kilo Goldmines Blog » Gold Price http://www.kilogold.net/blog Just another WordPress weblog Thu, 15 Jul 2010 18:37:13 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Bullish on Bullion http://www.kilogold.net/blog/2010/01/22/bullish-on-bullion/ http://www.kilogold.net/blog/2010/01/22/bullish-on-bullion/#comments Sat, 23 Jan 2010 00:25:44 +0000 admin http://kilogold.net/kiloblog/?p=18 Robert McEwen, chairman and chief executive officer of U.S. Gold Corp. (also Founder and former CEO of Gold Corp.), talks with Bloomberg’s Erik Schatzker about the outlook for gold in 2010 and beyond. McEwen expects gold prices to hit $2000 before the end of 2010.  In 2002 he boldly predicted gold would hit $800 in 7-9 years.

Here’s the rationale behind his latest prediction:

  1. Gold is under-represented in the average investors’ portfolio and has been for the last 20+ years. 
  2. Gold has been the best performing asset in the last decade with it’s value increasing approximately 15% per year.
  3. Gold in the past has been treated as a consumable primarily for the jewerly market.  Today it is regarded as more of an alternative currency and one that has more legitimacy than fiat currencies controlled by governments that are printing money and going into massive debt (which will ultimately depreciate the value of these currencies).

Watch the video of the interview below.

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