AAM 0.00% 2.0¢ australian industrial minerals limited

gold predicted to hit us 2k - 5k an ounce

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 1,482 Posts.
    A gold supply shortage and governments printing money will likely drive up the gold price to $US2,000 per ounce by the end of next year and above $US5,000 between 2012 and 2014, a gold mining executive said by the name of Rob McEwen told Reuters in an interview on Tuesday of this week.

    Mr McEwen said because of lack of supply and stated that gold is money, it's a currency.

    He stated that gold is used as a currency in times of economic distress and now we're at one of those points.

    Mr McEwen has extensive experience heading several gold mining companies over the last two decades.

    He also thinks that governments will be printing more money and the US dollar will buy less.

    Based on the above projected gold prices, if this happens, AAM's profit margins are going to look about 5 times better than already predicted?
 
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