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Kitco News

Making the case for $3,000 gold: the power of scarcity

Despite the gold cost striking all-time highs this year, development for both the bullion and also the gold mining sector is just beginning, with gold anticipated to expand to the $3,000 an ounce array, claimed Jeff Pontius, CEO of Corvus Gold.

" I think we've got an essential market that's obtained a great deal of legs left in it. I believe we'll conveniently see gold move into the $3,000 an ounce array, and also especially with Corvus, we're still being valued down here in the low $1,500, $1,400 number," Pontius informed Kitco News. "Gold resources are going to be a lot more limited. It's going to be harder to generate the current profile that we have now overall in the gold market."
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Kitco News

Corvus to consider mining in addition to sale

Corvus Gold is to take a look at the opportunity of extracting its gold deposits in Nevada along with seeking a get, president and CEO Jeff Pontius told Kitco Information at the BMO International Metals & Mining Conference in Florida.
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Kitco News is the globe's # 1 resource of metals market information. Our video clips feature meetings with famous sector figures to bring you market-affecting insights, with the objective helpful individuals make educated financial investment decisions.

Register for our network to keep up to date on the current understandings relocating the metals markets.

For more breaking information, check out

Follow us on social networks:
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Online gold rate and also charts:.
Live silver price and graphes:.

Don't neglect to sign up for Kitco Information' Weekly Roundup– appears every Friday to recap the most popular stories & videos of the week:.

Join the discussion @ The Kitco Forums and become part of the premier on-line area for rare-earth elements financiers:.

Disclaimer: Video clips are not trading advice as well as the views expressed may not reflect those of Kitco Metals Inc
.