Showing posts with label Rob McEwen. Show all posts

Tuesday, November 10, 2015

Gold is a Bargain Right Now, But No One is Paying Attention - Rob McEwen

Gold is getting little attention these days, and wrongfully so, says Rob McEwen chairman and chief owner of McEwen Mining, a mid-tier gold and silver producer. ‘If you are in Australia, Canada, the price is going up because of the foreign exchange -- at some point, it will move in U.S. dollar terms,’ McEwen said in an interview with Kitco News on Monday. He added, ‘People should be putting a little money into gold, think of it as 80-90 percent off; you can turn gold into cash in two days, it is value.’ McEwen, the former founder and CEO of Goldcorp said one of the greatest challenges the mining industry now faces, is operating within the lower cost environment. December Comex gold was last up $0.30 at $1,088.50 an ounce. McEwen also addressed the company’s record production for the third quarter with the El Gallo Mine, which he said is the company’s, ‘star performer.’ Total output for the July-September period was 43,390 gold-equivalent ounces, an increase of 54% over the third quarter of 2014. The El Gallo mine in Mexico was robbed last April but McEwen said the company has received reimbursement for approximately 80% of the fair value of a loss. ‘You have to be a little more sensitive to the local community -- we built a new refinery and it is now according to Brinks – the state of art facility in Mexico,’ McEwen said. Kitco News, November 10, 2015.

Tuesday, April 26, 2011

Rob McEwen, Gold to go to $5,000 an ounce

Today again not only did gold hit another record above $1,500, we're at 1,510 right now. just for the past month gold up nearly 6%. But could this precious metal reach $5,000 an ounce in the next few years as forecasts Rob McEwen, US Gold Corp. CEO ? .

Rob McEwen, is chairman and CEO of u.s. gold, is forecasting gold at $5,000 an ounce in the next three to four years. : " ... we've seen it in the last 110 years happen twice before and this is the third time that gold is a favorite asset relative to equities and other assets. in terms of -- in times of financial stress, you have people going towards the precious metal. " " ... we've had 30 years of credit expansion of the likes we've never seen before in the world. and currencies have been the base and gold is money. it's the ultimate currency. and that's why people are starting to move to it. but you only have about 1% of the financial assets in the world represented by gold right now "

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Thursday, March 17, 2011

Gold Mining stocks vs Gold Bullion

The gold stocks are certainly a wise way to bet on a rising gold price, but the differences with an investment in physical gold are enormous. The stock price evolves according to several factors: cost structure, available gold reserves, production cost, geopolitical risks ... A shareholder of a gold mine which was nationalized, for example, will be in deep trouble. Actions are never a refuge, not even when linked to gold. The physical gold and gold stocks are two very different asset classes. The physical gold is more insurance against inflation, the current monetary systems of the central banks and the shocks of the financial system. The gold stocks can be a speculative mean on a subsequent rise in the price of gold. Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains the difference between the Junior and the Senior mining stocks and why he prefers the juniors

Wednesday, November 24, 2010

Rob McEwen, Gold -- the alternative and ultimate currency

Gold price will reach $5,000 predicts Rob McEwen

Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp, explains what has caused the gold price to rise over the past decade. The gold price is going up because it is an alternative currency and the ultimate currency. Other currencies are being debased and in general there is a high level of debt at government, corporate and personal levels. People buy gold to diversify their investment portfolio.

Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains that whether to buy physical gold bullion and/or gold mining stocks depends on your risk profile. He compares junior gold mining stocks with senior gold mining stocks. Video recorded on November 5, 2010.Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp, predicts a gold price of $5,000 by the time it peaks. He acknowledges the role of gold as money. People invest in gold to protect their other investments.