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Why This CEO Doesn’t Want A Repeat Of 2011 For Gold
While many gold investors would be happy to see a euphoric rally in gold similar to the 2011 scenario, Christian Milau, CEO of Equinox Gold, would prefer to see a steady rise in gold prices.
“A gradual increase is nice. If [gold] goes up significantly overnight, say $100, everyone wakes up and goes gold’s alive again and is exciting to invest in. If it gradually increases then I think people forget and don’t notice, and that allows us to go and maybe buy a couple of assets, to finance them, when others can’t,” Milau told Kitco News on the sidelines of the Gold Stock Analyst Investor Day. (show less)
While many gold investors would be happy to see a euphoric rally in gold similar to the 2011 scenario, Christian Milau, CEO of Equinox Gold, would prefer to see a steady rise in gold prices.
“A gradual increase is nice. If [gold] goes up significantly overnight, say $100, everyone wakes up and goes gold’s alive again and is exciting to invest in. If it gradually increases then I think people forget and don’t notice, and that allows us to go and maybe buy a ... (read more)
GSA 2019
Seventh Annual GSA Investor Day will be held on February 24th, 2019 at The Riverside Hotel in Fort Lauderdale Florida.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
