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Saturday, March 12, 2011

Rob McEwen Sticks With $2,000-$5,000 Gold Prediction - PDAC 2011

Kitco continues the coverage of the PDAC 2011 in Toronto finds Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp true to his famous price prediction of $2,000 for the yellow metal. Pulling out his now-famous $10-trillion dollar Zimbabwe currency note, McEwen claims that eventually we will see $5,000 gold prices. From the McEwen Capital Reception at the PDAC, Daniela Cambone reports.

Rob McEwen of US Gold and Minera Andes holding, 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.

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