Expert: Gold to Hit $5,000 When Dollar Collapses

Friday, 15 Jan 2010 09:56 AM

Excessive monetary stimulus and a plunging dollar will send gold prices soaring, according to Rob McEwen, chief executive of US Gold Corp.

“I’m saying by the end of 2010, we’re at $2,000 an ounce, and before the cycle is over, we’ll be at $5,000. I think we’ll see it in 2012-14.,â€