Interviews

Gold is headed higher in the medium term and the long term. There will still be a lot of volatility at play during the short term, but gold will continue its uptrend of the last 13 years. It is highly speculative to bank on near-term appreciation in value.

The new Mexican tax is going to cut into the bottom line, but major producers will be able to adjust to still make a profit. For a mid-tier company, it could have more of an effect because the margins are less.

I’m fairly optimistic. The price of gold is gravitating around $1,200/oz, so there’s a substantial difference. I’m looking at the global picture. Yes, the price of gold has gone down, but it’s approaching a floor of production costs. By midyear the price of gold will be higher.

As the Fed runs low on ammunition to further suppress the gold price, Ian Gordon, founder and chairman of the Longwave Group, is extremely bullish on gold.

Harry Dent: “All you need is one crisis and the whole system gets hit. It melts down faster than the Federal Reserve can act.”

“If the gold price stays where it is now, financing will be similar to 2013, with the caveat that quality projects will get funding and lower-grade projects probably won’t.”

“I don’t think M&A is going to heat up within the base metal space. There’s been so much consolidation during the last decade that there’s not much out there to buy.”

Right now, gold is one of the most hated sectors in the market. That’s when investors should buy it — when nobody loves it.

“The single most important factor in the gold price has been a massive decline in the investment demand for gold.”