Gold could top $5K in a year, double that by 2030: mining exec | Metals Mine

  • Gold could top $5K in a year, double that by 2030: mining exec

    From nypost.com

    Investors ain’t seen nothing yet when it comes to the value of gold, a top mining executive said after the precious metal reached a record-breaking price this week. Gold could climb to $5,000 an ounce within a year – and double that by the end of the decade — Randy Smallwood, chief executive of Wheaton Precious Metals Corp., told Bloomberg Television on Friday. “I’m confident that we will see gold over $5,000 within the next year,” he said. “It’s a trajectory that could easily put it up to $10,000 an ounce before the end of the decade. It wouldn’t surprise me at all.”The prediction came as spot ... (full story)

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