This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Ask the CEOs: Special Gold Edition

NEW YORK (TheStreet) -- What are America's corporate leaders saying about the issues of the day? TheStreet's reporters, during the course of their weekly coverage, will pose a thematic question to the business executives they interview.

This week's question: Will gold retain its lofty perch as an asset class?

Goldcorp (GG - Get Report) CEO Chuck Jeannes: "I do. I think it's been re-emphasized to investors who perhaps forgot over the last few years that gold is a safe haven investment. It is an alternative currency, and it protects wealth in times of financial distress, and that's a lesson that I don't think will be lost anytime soon."

Mark Bristow

Randgold Resources (GOLD - Get Report) CEO Mark Bristow: "I think real assets are here to stay for some time because our politicians have done a damn good job at destroying the value of paper money."

>>Gold Prices Pop; Silver at 31-Year High

International Tower Hill (THM) CEO Jeff Pontius: "Yes, the biggest threat probably to gold is that there won't be enough of it ... the gold market is actually a very small part of the economic picture and when we look at the entire gold market together, a small move in gold could see huge buying demand."

NovaGold (NG) CEO Rick Van Nieuwenhuys: "Absolutely I think it's ... still very underowned by the average person ... wealthy individuals and fund managers are starting to migrate to it. We see that at this conference, at BMO. There're a lot of new faces who, for the first time have said, 'Geez, maybe I should own some gold.' I think this is just beginning, the interest in gold, and I think it is here for some time yet."

Coeur d'Alene Mines (CDE) CFO Mitch Krebs: "I do. Ever since those ETFs came into existence in 2005, we've seen silver and gold become a more permanent part of everyone's portfolio whether it's pension funds, retail, or institutions. I think that's something that, especially with continued turmoil in the Middle East, every day there's something new; it seems like that makes the case even stronger for why silver and gold really belong in, at least as a part in, everyone's portfolio.

Gold Fields (GFI - Get Report) CEO Nick Holland: "Absolutely, gold has certainly regained its status as a safe haven investment for funds. Certainly at this conference ... we're seeing probably about 50% of investors are new investors who want to get into the gold space and want to learn about the sector and want to work out how best they can diversify their investments into gold. Ten years ago, you didn't see that."

Harmony Gold (HMY) CEO Graham Briggs: "It always does. It's a great commodity, and it's a currency. It has really proved itself as a currency and a good investment, and people continue to buy gold."

Sean Boyd, Agnico-Eagle CEO

Agnico-Eagle (AEM - Get Report) CEO Sean Boyd: "I think it will because it's still not on a lot of radar screens, and people have, I think, a mistaken view that if they like gold they have to hate everything else, that's certainly not the case now. I think gold is increasingly becoming looked at as a more monetary asset and that's why there are more investors here. They are trying to find the companies, the equities and how they get leverage than just an ETF, because they don't have to come to the conference to buy the ETF, so they are obviously here at the conference to see how they can get more leverage in the gold space."

Mark Cutifani, CEO AngloGold Ashanti

AngloGold Ashanti (AU - Get Report) CEO Mark Cutifani: "Absolutely, I think most portfolio managers made a very serious mistake in the last few years in excluding gold in their portfolio. ... I think with China, India, the way the world looks at gold, the way it's performed through the recent crisis that you really can't afford to not have gold in your portfolio."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AEM $32.28 0.40%
ABX $12.72 -2.30%
AU $11.10 -1.50%
GOLD $78.00 -1.50%
GFI $4.38 -5.70%

Markets

DOW 18,241.39 +108.69 0.60%
S&P 500 2,113.36 +8.86 0.42%
NASDAQ 4,999.3090 +35.7820 0.72%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs