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#1 2012-05-22 19:16:00
Agnico CEO Calls for $3,000+ Gold for the First Time Ever
Link: http://kingworldnews.com/kingworldnews/ … Banks.html
Today one of the top CEO's in the world told King World News that gold will trade over $3,000 within twenty four months. Sean Boyd, CEO of $6.5 billion Agnico Eagle, also stated that prior to this, "I've never been at the $3,000+ number, ever, in 27 years."
See my amateur YouTube videos: Here.
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#2 2012-05-22 19:19:28
- Dynoman
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- From: Geraldton
- Registered: 2010-10-19
- Posts: 1,388
- Trades : 16
Re: Agnico CEO Calls for $3,000+ Gold for the First Time Ever
Jeese Louise, I'd better blow the dust off that old Dry Blower!
"Paper money eventually returns to its intrinsic value --- zero." Voltaire (1694-1778)
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#3 2012-05-23 00:55:16
- Matthew 26:14
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- From: Victoria
- Registered: 2010-09-03
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Re: Agnico CEO Calls for $3,000+ Gold for the First Time Ever
That price which is a 100% 2 year gain or 50%pa would require the Euro Zone to break up (at least see Greece kicked out as a minimum) and QE 3 and probably 4 to happen.
$3,000 au is probably not impossible but it would take some cataclysmic events to unfold and I mean bigger than what went down in 2008.
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#4 2012-05-23 00:56:49
- Matthew 26:14
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- From: Victoria
- Registered: 2010-09-03
- Posts: 3,244
- Trades : 63
Re: Agnico CEO Calls for $3,000+ Gold for the First Time Ever
Also remember that Chinese gold exports are like zero, same for Russia and other countries like Malaysia are trying to stop gold exports by slapping a 20% tax on all gold exports to discourage it.
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