Agnico CEO – A Game-Changer That Will Send Gold To $3,000
October 5, 2012
Today one of the top CEO’s in the world told King World News that “… demand coming out of the central banks, is going to be one of the major factors or catalysts that’s going to drive gold to the $3,000 mark.” Boyd, who is CEO of $9.3 billion Agnico Eagle, also said, “But the last thing these central banks want to do is create disruption in the gold market.”
Here is what Boyd had to say: “The last we spoke I think gold was in the $1,500 range, and we likened that to where we were in 2008 when gold was the $700 to $800 level. I felt that gold was basing and would ultimately come off of that base and move to the $3,000 level within the next 24 months.”
Sean Boyd continues:
“What we’ve seen since then is very constructive, and certainly follows that path where we’ve had continued stimulus. We are now going to go into the phase where investors realize there are fundamental problems surrounding the US debt situation. The ongoing stimulus that will be needed will drive the US dollar lower, and this will result in gold continuing higher.
What we have seen is a game-changer….