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Price of Gold may hit $5000 an ounce in 5 years
A prolonged period of cheap money and the shift of investor focus to gold as a haven from geopolitical and financial risk could boost the price of the precious metal to over $5,000 an ounce in five years, McEwen Mining CEO Rob McEwen says.
If that happens, “there is going to be a tsunami of money looking for a place to go,” he told Bloomberg at a mining industry conference in San Francisco.
One...