However, according to him, the precious metal will not be able to get ahead until the problem of rising inflation is recognized by the general public. In a recent interview, he talked about his current perspective on gold.
According to the successful businessman, inflation is becoming more evident in many areas, in particular, he points to the cost of food. "The world is now awash with money - governments have just opened their wallets and started printing money in an unprecedented way."
McEwen does not believe that the US Federal Reserve will be able to contain inflation, and advises looking at past periods of inflation to understand why today is not comparable to previous ones. "This is a global phenomenon of such magnitude as has never been in the world." For example, he said, at present, inflation is not limited to a specific country or group of countries, as it was in the past. Inflation will exceed targets and money printing will continue, he said. “You will see that everything will slow down as soon as they begin to curtail their stimulating activities, and then there will be calls for additional funds,” the expert said.
These and other factors make the expert have a positive attitude towards gold and silver, but copper is also at the center of his interest.
For now, McEwen advises investors to remain optimistic. “I think that in September and October we will see higher prices for precious metals. Stocks have pulled quite far off their highs, so precious metals have a chance to catch up, so don't lose faith and buy gold and silver. And maybe a little copper. "