Rob McEwen, CEO of U.S. Gold told Resource Investor he sees $5,000 gold and $200 silver in the next 3-4 years. In explaining his rationale for continued gains in precious metals, McEwen told the publication, “Your readers need to appreciate: Gold is money. It is currency. I think the number of people familiar with gold will grow as people see gold as a currency. China, India, Russia are buying gold to diversify their foreign reserves,” he said. “To restore the confidence in currencies, I think some central banks, such as the Chinese and possibly the Russian, will increase their gold holdings to the level that the percentage of their total currency will be greater than that of any other currency in the world.”
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