GOLD IS NOT A FANTASY AT $US21,000 AN OUNCE

Kitco News recently interviewed Mr Rob McEwen of McEwen Mining at the recent Precious Metals Summit at Beaver Creek. Mr McEwen said, ” Historically godl prices have climbed much more that what we have seen during bull rallies and if we apply historical multiples, Gold should be trading closer to $US8,000 to $US21,000 an ounce , range. Gold from 1970 to 1980 went from $40 to $800 a an ounce and then dropped back to $250 an ounce in 1999 and then ran to $1900 an ounce in 2001, which was a 7 x move. If you apply any of these multiples to a recent low of $1050 you could see $8,000 to $21,000 price on Gold.

Goldman

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