Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

[Camtender]

Rob McEwen, CEO US Gold Corp
Interview with The Gold Report, August 25, 2005

"I believe that by the end of 2010, we’ll be seeing $2,000 gold, and before the gold cycle is out, it will go up and touch $5,000, and that will be the end of the mania phase. I don’t believe that we’re out of the woods on the financial problems, and the economy has quite a bit to shake off before it will start to look good. And there will be more people looking for answers where to put their money so they can protect it. Gold will start shining."


Rob McEwen, January 12, 2010


http://www.youtube.com/watch?v=T2QQUp7JkcU


His talk follows this path for investors

[LargoWinch]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Camtender, is it possible that the CEO of Gold Corp may be biased towards gold? ;)

[Camtender]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Camtender, is it possible that the CEO of Gold Corp may be biased towards gold? ;)

Sure.

Kind of funny Largo, I searched McEwen before I posted to ensure that his video was not posted already, and found the 2005 quote from a post you did September 2008, as noted at the bottom of this post

http://itulip.com/forums/showthread.php?t=5019&highlight=mcewen

Did you forget that you posted this as noted below?

So yes, maybe we have to be a bit patient here and yes, gold became seriously damaged from a TA point of view but still that doesn’t change a fundamental trend which is up, not down. So when can we expect gold prices to hit the $1500 - $2000 range then?
It’s hard to say exactly when we can expect $1500 - $2000 gold prices but according to the legendary mining executive Rob McEwen, CEO of US Gold Corp we will see $2000 before end of 2010
Rob McEwen, CEO US Gold Corp
Interview with The Gold Report, August 25, 2005

I believe that by the end of 2010, we’ll be seeing $2,000 gold, and before the gold cycle is out, it will go up and touch $5,000, and that will be the end of the mania phase.
I don’t believe that we’re out of the woods on the financial problems, and the economy has quite a bit to shake off before it will start to look good. And there will be more people looking for answers where to put their money so they can protect it. Gold will start shining.
END.

[LargoWinch]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Sure.

Kind of funny Largo, I searched McEwen before I posted to ensure that his video was not posted already, and found the 2005 quote from a post you did September 2008, as noted at the bottom of this post

http://itulip.com/forums/showthread.php?t=5019&highlight=mcewen

Did you forget that you posted this as noted below?

Are you saying that iTulip's search function actually works?!?

[MulaMan]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

and why does gold go back down to $350 after the "traditional investors" get in?

Is that when wall-street steals the remaining wealth from middle class America?

and who exactly is a "traditional investor" the type that buys high and sells low, middle class American suckers / slaves?

and where exactly will "traditional investors" get the money to buy gold given that they are all upside down on thier mortgages?

Will congress create a government sponsored entity (GSE) - Goldie Mae to lend money and promote gold ownership so "traditional investors" can buy gold and obtain the American dream?

[Mega]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Yes Mula
A question i long sort an answer to, why would the $ "Suddenly" gain what 5 times is value?????

Mike

[flintlock]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

and why does gold go back down to $350 after the "traditional investors" get in?

Is that when wall-street steals the remaining wealth from middle class America?

and who exactly is a "traditional investor" the type that buys high and sells low, middle class American suckers / slaves?

and where exactly will "traditional investors" get the money to buy gold given that they are all upside down on thier mortgages?

Will congress create a government sponsored entity (GSE) - Goldie Mae to lend money and promote gold ownership so "traditional investors" can buy gold and obtain the American dream?

Contrary to popular belief, there are still a lot of people in America with a lot of dollars to invest . Of course a lot of that is tied up in 401k accounts where buying Gold may be difficult or impossible. Maybe someone else here could enlighten me on how that works. I'm self employed, so no 401k.

[phirang]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Leave the speculation to the pros: Soros just said gold is a bubble.

[phirang]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Rob McEwen, CEO US Gold Corp:p:p
Interview with The Gold Report, August 25, 2005
:p:p
"I believe that by the end of 2010, we’ll be seeing $2,000 gold, and before the gold cycle is out, it will go up and touch $5,000, and that will be the end of the mania phase. I don’t believe that we’re out of the woods on the financial problems, and the economy has quite a bit to shake off before it will start to look good. And there will be more people looking for answers where to put their money so they can protect it. Gold will start shining."


Rob McEwen, January 12, 2010


http://www.youtube.com/watch?v=T2QQUp7JkcU


His talk follows this path for investors

Please get me some quotes from the base metal miner ceo's who thought copper was sustainable over $4/lb... I do recall hearing that.

[Camtender]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Deleted

What does his parties and trucks have to do with the price of gold in China?

[ThePythonicCow]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Maybe someone else here could enlighten me on how that works. I'm self employed, so no 401k.

If you are in a 401K with your current employer, you are limited to the fewi investment alternatives they provide, typically five or ten specific mutual funds and a money market, where the mutual funds all correlate highly with the S&P 500. A few such company 401K's will allow you to rollover your money from them to an IRA after you turn 59.5 years old, but usually the only way to rollover that money (and keep it tax deferred) is to quit your job. Once you manage that rollover somehow, then your options in an IRA can be much broader. You can have self-directed IRA's in brokerage accounts investing in any stock, in gold or forex accounts or even financing mortgage paper.

[flintlock]

Re: Rob McEwen, CEO of Gold Corp, $2,000 Gold by end 2010 Video

Thank you cow. So not everyone will be able to rush into gold with their life savings. At least not while they still have a job.