in brief
“I’M TALKING ABOUT MONTHS.”
– Rob McEwen, founder and former CEO of Goldcorp, which merged with Newmont Mining, the world’s largest gold producer, cautioned that investors will notice that global inflationary pressures are less transitory and more intense than central bankers and consumer price indices suggest, during a Bloomberg interview. He said when that realisation sets in, gold’s inflation protection appeal will probably send prices to $3 000 an ounce, from about $1 800 now. “The reaction tends to be immediate and violent when it does happen. That’s why I’m quite confident that gold will achieve $3 000 an ounce in months, not years,” McEwen said.
“It is time to
