Gold to hit $5k by 2027 as this critical asset will 10X in price
At the 2023 BMO Global Metals, Mining, and Critical Minerals Conference in Hollywood, Florida, Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, sat down with Rob McEwen, Executive Chairman of McEwen Mining, to discuss the potential impact of fiat currency devaluation on the price of gold, which McEwen predicted could reach $5,000 per ounce by 2027. McEwen also shared his views on the future of copper, a crucial metal in the ongoing shift towards electrification, and talked about his copper mine's recent deal with automaker Stellantis and multinational mining company Rio Tinto. Additionally, McEwen teased that another metal could potentially see gains of 1,000%.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Rob McEwen on Twitter: @KitcoNewsNOW (https://twitter.com/RobMcEwenMUX)
0:00 - McEwen Copper's deal with automotive maker Stellantis
3:37 - Vertical integration and supply chain consolidation
7:47 - Monetary reset
12:44 - Gold price outlook
16:01 - Investment implications
18:43 - McEwen Mining
26:42 - Copper prices
28:41 - Copper fundamentals
31:24 - Silver price forecast
34:39 - Government debt
35:27 - Inflation and the Fed
40:09 - Changes in mining industry
44:21 - Careers in mining
#gold #silver #mining
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