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Commodities (Precious Metals, Agriculture)

Staggering Stats About Silver Supply

By: Richard DoughtySLV, the silver Exchange-Traded Fund, could be viewed as the main alternate source of storage for silver, and it accounts for around 50% of world silver inventory. It seems that SLV has been raided heavily over the past seven weeks, Read more

Rob McEwen: Looking Ahead of the Curve

By: Karen RocheRob McEwen, a veteran of the resource industry, is CEO of US Gold Corporation and chairman of its board. He recently sat down with Roche for this exclusive, wide-ranging interview. While hoping to avoid the “darkest hour”, Read more

Gold May Decline 50% Before the World Cup is Over

(And the World Cup May be Won by a Herd of Wild Burundi Elephants)By: Eric JanszenA recent Morgan Stanley analysis predicts that gold will plunge 70%. Read more

Gold Reclaims its Currency Status as the Global System Unravels

By: Ambrose Evans-PritchardThe ECB has revealed that its systemic risk indicator surged to an all-time high on May 7, during the Eurozone money-market meltdown. “The probability of a simultaneous default of two or more euro-area large and complex banking groups rose sharply,” it said. Read more

Don Coxe Dissects Gold

By: Tyler DurdenWhat do you do if you can no longer believe in real estate, bank deposits, the dollar, the yen or the euro? What can you believe in? Gold. So old it’s new again, the yellow metal can’t be synthesized and acts as a store of value for future generations. Read more

So Little Gold

By: Arnold BockThere isn’t much gold around, and this is a key issue for those who invest in precious metals. Bock contends that, given the scarcity of gold and silver bullion supply, prices will go parabolic once governments, institutional and private investors realize supply is alarmingly insignificant. Read more

Will Economic Austerity Kill Gold’s Bull Market?

By: Dominic FrisbyOn 21 June gold broke out to new all-time highs above $1,260 per ounce, but then made a dramatic correction to around $1,190. That's quite a correction and it concerned a lot of people, so Frisby addresses whether this is anything more than a healthy pull-back. Read more

Irrational Gold Selling

The Mogambo GuruThe shrewd, funny and irreverent Mogambo was surprised by gold’s recent dramatic correction, since it indicated gold sales even in the face of the Fed’s dollar destruction through excessive money printing. “Apparently, Read more

Gold is Back as Money

By: Julian PhillipsIn its 2010 annual report, the Bank for International Settlements (BIS) said that “gold, which the bank held in connection with gold swap operations, under which the bank exchanges currencies for physical gold, stands at 8,160.1 million in special drawing rights, Read more

So You Think You Own Gold?

By: Erik TownsendThe principal contention of this article is that most investors who think they own gold or silver bullion really don’t. Most precious metals investments – including many touted as physical – are nothing more than paper promises. Read more

Rob McEwen: Looking Ahead of the Curve

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By: Karen Roche
Rob McEwen, a veteran of the resource industry, is CEO of US Gold Corporation and chairman of its board. He recently sat down with Roche for this exclusive, wide-ranging interview. While hoping to avoid the “darkest hour”,
he describes fearsome parallels between the Weimar Republic of the late 1920s and early 1930s to the US of today. A quote: “I think the economic news will continue to get worse. We've had a lot of monetary stimulation by the governments of the West. In Europe, we're seeing that not only were corporations levered, but governments used off balance sheet techniques to alter the appearance of their financials. Greece and Portugal and Italy and Ireland are all part of that, but I suspect it's even larger. It all goes back to people taking advantage of very easy, low-cost credit, believing the economy would continue to grow endlessly.
Then people began to realize they got overextended. In the Middle East and Far East, nations started moving money out of dollars into alternative currencies, the most significant of which was the euro about a year to 18 months ago. Iran said they were going to price oil in euros because they thought the dollar would get weaker and weaker and wouldn't be defended by the US government. China started to diversify its huge foreign reserves out of dollars.
They viewed the euro as the alternative to the dollar. Of course today there's a tremendous rush out of euros. Europe's as much a mess as America, but ironically, the dollar now offers refuge because you can take money out of the euro (or any other currency) and put it into a dollar very quickly. From that standpoint, America looks better than Europe right now, but I believe that's a short-term view. It won't be long before people look around and say, ‘Let's not forget about the debts and the weakness in the US economy. Where do we go next?’”