Ask the CEOs: Special Gold Edition
 |
| Aaron Regent, Barrick Gold CEO |
Barrick Gold (ABX) CEO Aaron Regent: "Absolutely, I think if anything, what's happened in the last couple of years, gold has continued to reassert itself in global monetary affairs. You're seeing serious economists, like the head of the World Bank, for example, talk about gold within the context of an independent measurement of the value of currencies and a measurement of what's happened with inflation or deflation in different countries. You're seeing central banks who have gone from being net sellers of gold in the last 20 years to now, in the last two years, they've been net purchasers of gold.
JPMorgan (JPM) announced gold can be used as collateral, so you're really seeing gold reassert itself back into the fold as a global monetary asset. I think there was a period of time where it was being viewed as a barbarous relic, but I think the psychology around gold and the interest in gold has changed dramatically.
Most recently, it was just announced a couple of days ago that the Chinese again have bought 300 tons of gold, and you can also see gold within countries like India and China ramp up gold demand [and it] is growing quite rapidly. So I think gold is being recognized as a monetary asset, and is a great store of value, and so as a result, its appeal as an investment has increased quite significantly, and I think that will continue."
Northern Dynasty (NAK) CEO Ron Thiessen: "I do. I mean currently we've got a lot of sovereign credit issues with governments and fiat money, so people are looking for stable other forms of wealth. Right now, paper money isn't that stable; the exchange rates are very volatile; there's a great deal of impetus for countries to reduce the value of their currency so they can maintain their competitiveness ... [so] you've got volatile paper currencies and gold is the most." Have a question you'd like to see TheStreet ask the CEOs? Send it to tips@thestreet.com. Follow TheStreet on Twitter.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
