Pierre Lassonde on $20,000 gold price and ‘most unbelievable margins’ ever
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- เผยแพร่เมื่อ 2 ส.ค. 2024
- Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada.
Lassonde retired from the board of Franco-Nevada this year, but is still actively involved in the mining sector. Due to the expansion of gold prices this year, coupled with falling energy prices, margins in the industry have never been better, he noted.
0:33 - The best margins the industry has ever seen
4:07 - Is it too late to buy mining stocks?
5:23 - Exploration budget to increase
7:57 - Rising mergers and acquisitions activity
11:27 - $20,000 gold price and Dow-gold ratio
18:15 - Royalty companies
20:49 - COVID and risks
22:26 - History of Franco-Nevada
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Outstanding interview, thank you.
It's amazing to hear professional wisdom like this for free!
He owns a precious metals company. What else do you expect him to do/say
@@CaribSurfKing1 the guy is a billionaire so I respect his opinion and pay attention to his insights
He said nothing to fit my conformational bias.
@@rockabillyrevolution I means he one of the greatest pump and dumpers. You should have heard what he was saying about his diamond company in 2011...that went to zero!
Indeed 👌🏼
Best interview of the year so far. Thanks David for asking many valid and interesting questions.
David does a fabulous job, Pierre always his own humble, grounded intelligent self, bravo!
Great questions and great answers. I am so grateful to be alive in this era.
Another great interview and talk!
In 1929, the DOW dropped 82% to trade even with gold. That could happen again, putting gold and the DOW around 5K. That’s a more reasonable prediction.
@babababaaab in which case gold and the dow could end up near 50,000. Only time will tell. Either way gold is likely the safe place to be. I pulled out of most of my stocks, I cant find many good values anymore.
By the time the Dow hit 10,000, gold would have jumped up to meet it
I think much higher as the current dollar to gold ratio is: $30,297 for every dollar in circulation.
Dennis Yurconis Yup
@@dennisyurconis742 Have a look at Cresco Labs. They're a cannabis company operating in multiple states in the US. Extremely profitable and constant quarter over quarter growth. Flying under the radar for the most part.
The gold price doesn't go up....the value of the dollar goes down...meaning it takes a lot more dollars to buy an ounce of gold.
20k gold would mean $50 gal milk
@@ShutterEmotions123 yes, you are correct.
@@ShutterEmotions123 It went from 250 to 1900 in a decade and the world didn't end.
You're just arguing semantics.
@@s4nder86 it has nothing to do with semantics....if I buy gold at $100 an ounce then gold goes to $200 an ounce it does not mean you doubled your money. When the value of the dollar goes up, gold price goes down. When the value of the dollar goes down, gold price goes up. Either way you are in the same boat.
Good interview. Great questions David.
I love this interview (and I love Franco-Nevada. It's been very good to me!)
Great interview. Thumbs Up
What difference does it make how much it's going up. It's going up. It's a sure thing. Buy it now or regret it later.
id listen to this guy if i were you
@Peter Hathaway same thing the mining companies are doing. except they're not selling it LMFAO. watch a 5 dollar mining stock share , shoot up to 5000 per share HAHAHAHA. i hope this market takes the nastiest shit.
It's kind of gone down though.
Phenomenal interview! Thank you for the continuous feed of great content. Lassonde is brilliant.
Golds value stays about the same. If it goes to $20K an ounce, it will mean our money is near worthless.
The irony is that liabilities don't get re-priced alongside goods and services, so the people most poised to benefit from gold positions are those who also hold fixed-rate debt.
so what does that mean then/ ? like what does it mean to the guy who is holding a few ounces of gold when its $20k per ounce? how does he sell the gold or make profit?
@@MinsterRogers there will always be people ready to buy your gold whatever the price. Look at Bitcoin. There were buyers at close to 20 000$.
but our money is worth nothing really if the fed is bankrupt
gardeur until they don’t . Bitcoin will be called Bitcon . Warning ⚠️ it’s at a top it’s a bubble . It’s a pyramid. Only at the early time people making money . It’s a hot potato 🥔 who can get rid of it first and left holding the bag 💼 eats it ! Gold DIFFERENT STORY ! Every one will take gold .
Awesome David that you can get these legends to give their time and give us real information that is straight forward and takes the mystic out of what is essentially digging dirt out of the ground!.
Fantastic interview!!!
After listening this, never say that nobody told you what to do to be a millionaire.
Thank you Mr. Lassonde and thank you Kitco
Really good watch, quality content thank you.
If gold climbs to $20,000, ya better have some lead.
And lots of Silver
That's part of the fun
Why have some lead? Do you mean lead the metal?
@@ultrabaron Lol, he means bullets.
Why ? Do you have a sign in your front yard that says gold here inquire inside ? You tell nobody about your wealth or lack there of !
Gold and silver have and are being suppressed to a ridiculously absurd price to discourage the average citizen from investing . But gold and silver now ! Lots !
David asks good questions.
$
yeah and he lets his guest speak- David is probably the best interviewer
I sold 12 oz of Canadian Maple Leafs gold coins for about $1600 each a couple years ago. What a fool I was but at the time I needed the money. Now my main goal is to re-purchase the same amount and more but now of course they are $2700 CAD each. Oh well. Live and Learn.
Great questions! Great interview! Thank you!
Janey Lamce sup 🌹
EXCELLENT DAVID!
Cannot argue with continuous success. This guest is the extreme opposite of a fool.
Awesome guest great interview
Very informative. I always wondered why mining stocks flatlined from 2007 - 2011 and he explained it.
I'm checking this episode again for details... Thanks!!
very interesting to hear this man talk.
This is probably the best interview I ever saw on Kitco. Most likely. It's like David Lin is so in tune with the people he interviews. It's uncanny.
His shirt reminds me of a Bond villain from the 70's
Dr. No?
Call him Goldfiber...
Gold has primarily moved upward in value around 36%. Silver has moved upward 60%
Silver has moved in the past 2200% from 1974 to 1980. Again from 1999 to 2011 1074% increase. I just dont see gold moving up 1000% from now.
Gold increased 700% since the 1990s.
I do but in a longer run
The Fed, Trump, nobody can keep stock indices pumped indefinitely. My thoughts are more in line with the John Campbell Dow/ gold ratio schematic, where by March 2024, the Dow reaches approximately 6300 in a series of dips, the next one being of ENORMOUS magnitude.
Then a $6000 steady sustainable gold price, which may have peaked higher than $6000 initially looks more than realistic to me.
Others like Pierre Lasond and Jim Rickards think $15000. I'd take EITHER
Why are we talking about MONEY in currency/fiat VALLUE.... A ounce of GOLD is worth a ounce of Gold......Real Money vs Fake money. Also if GOLD goes to 20,000 FAKE CURRENCY are you selling yours?...... its unintelligent and weird
Buying farmland now with a fixed rate loan. At $20k gold, just 1% of my mining shares would be sufficient to pay off the loan.
Trade in paper shares (after they go up) for fiat to pay off loans with inflated currency units.
The mining shares can also be converted to more ounces as well. No need to actually sell the physical metal.
We must accept that world still cling on the fake money. We that fake to make our life. The rest we keep as real money.
How would you otherwise convert your ounce into purchasing power?
@@kb5162 BARTER: the exchange of one commodity without the use of money/currency. Precious metals for Real Estate
Can't buy anything with gold.
Right on Dave good video. I’ve been under mining all my life. Right across Canada and in Alaska and down in Mexico. I’m retired now wish I was still mining there would be so much work for miners now. A guy could pick and choose where you Want to work. But I’ve been Stacking gold and silver very very Heavily. And buying mining stocks. and just buy the mining all my life. I know the good mining stocks and when to buy them. And the gold and silver been paying off greatly. And the mining stocks even better. But thanks for the good video. And have a great day
Very informative. Thanks Davis
Great to see a top Gold expert living in a photo booth.
if we see Gold at $20,000. This means that there's super high inflation. 1 gallon of milk would be around $45. Regular ground beef = $100 per Lb. Gasoline = $50 a gallon. Minimum wage = $175 / hr. A regular meal at McDonalds = $100. Chipotlet = $120 for a burrito.
What makes you think that? Did we have hyperinflation when gold went from $250 to $1920 in a decade? No, we did not.
This is FEAR MONGERING. Those costs will probably only go up 1/10 what you wrote.
The oracle of St-Hyacinthe.... :)
Great interview and always great work by David.
Great video. Thanks
VERY GOOD INTERVIEW!
Everything is possible we are in a catastrophic economic situation!Hoping for the best!🙏
28:40 A great man like Pierre Lsssonde credits his business partner with the idea that made them and their shareholders billions of dollars.
Great interview. The voice of experience.
Great interview!
Truth be told, I didn't like David at first.
Watching him over time. No reaction, no intimidation, to bombs dropped by the best.
Dave, Buddy. You're solid.
A South African Fan
I like your approach.
David has also matured over time and has a more professional attire now
it is going to be many paper money ., in venezuela I used to pay a few millions for just a red bull so, dow will be inflated because many paper dow will go to 50,000, in average ratio to 5 with gold , making gold value 10,000 silver 200, and the prices of house will go up and up just like Europe the problem will be for people with a regular salary to buy a house , but those who have gold will need probably 30 ounces to buy a house in 2030 ., but will be a major correction in 2021 the last opportunity to buy a house for cheap price after that, home prices will never go down ever., just like Mexico ., In Mexico home prices are always stable don't go up so much but never go down . in venezuela now you can buy a nice house for 20,000 grand usd but people make 40 usd a month so is impossible for them but if they were smart enough to buy gold since 1980 the will pay the 20 grand with 10 ounces of gold ., so the point is BUY GOLD at least never go to zero.
Excellent interview 👌
Hmmmm hold onto paper fiat or buy gold? I’ll take door number 2.
Some guys are saying the government can one day confiscate the gold from people, like they did under Roosevelt.
Great interview! Pierre is a wealth of knowledge. I learned a lot.
Excellent interview 👏
Good interview.
Thanks PL.
Great interview
Legend!!
1 to1 ratio with Dow. Maybe get there with $6000 gold and Dow at 6000. Seems more likely...
FANTASTIC DISCUSSION
Can we have a look at HCH? (ASX stock)
Thank goodness I stocked up when metals were cheap, when the miners were cheap. Waiting game... 💰
Dangerous i must say. You dont want the EYE hitting you . God bless you ...
He said Gold Corp what is thT stock ticker or is it private
Gold Terra, Golden Minerals, Northern Vertex, Abraplata, Eastmain
Good questions man
Risky stock markets.I am wondering why the stocks are rocket high?
$20,000?! WOW!! Awesome! BTW when will it hit $2,500?
Bientôt tkt frérot
I like his Dr. Evil suit.
David what mining company can I invest in that would provide gold medal over silver medal dividends,?
Legend!
What means a royalty company?
People! Don't get suck into this just yet. Patience is a.virtue, gold is rolling over. If you love gold at$2000, you'll really love it at $1750.
Thank You 😃🙏
Man, this man knows his business.
that's what peter schiff says...good agreement
1933 gold was illegal to hold don’t forget that now they need you to hold with them the problem so big and unbelievable
Really intelligent guy!
The more that people like Pierre, Schiff, Rickards etc make ridiculous predictions about the gold price the more likely gold is only weeks away from entering a bear market. Bristow of Barrick is using a $1,200 price for his internal workings.
That’s an interesting point of view, but 1: we’re not so high yet compared to other assets, 2: these guys were already making predictions like 15000$ a few years ago so it’s not new 3: every once in a while gold to dow ratio falls to one, 4: with all the money printing, even if you believe in MMT, you would want to have some gold, just because other people will want gold to protect themselves. 5: in case of a fiat money collapse, crazy gold price just means it keeps its value. 6: the mining companies must base their profitability forecast on a price point so low that there’s no chance they miscalculate and go bankrupt.
@@CapitaineBleuten Some good points you made there.
Buy Gold and crypto
Crypto is the future
Trading crypto has become a lucrative way of making money
Stock are good too
He's obviously the best I invested 2000USD
With him and in 9days I made profit of 9101USD.
Too many people are predicting that gold and silver are going much higher. That probably means that it's not going to happen.
So do you expect trash is up and PM are down?
Anyway,stay where you are. Like Tesla? Get a load if it.
I do not neccesarily agree with you, but you do got a point. The gold bug world is an echo chamber, and the walls to the outside are thick.
I think gold will appreciate tremendously over the next year, but I do not know for a fact. All this aside, I have begun to laugh at the psychics that predict gold prices. It has, it seems, turned into an auction. The bids are just getting bigger. Highest I heard is around $50.000 per troy oz.
So to win that race I raise to $60K. :P
There are many fundamental reasons for gold and silver to rise, but anything is possible.
Yeah I have the same opinion .long before anyone I said gold is in a bubble I sold a little on the high and will again.
Just because you and I are talking about gold, it doesn’t mean regular Joe on the street knows what’s going on. Trust me, when the herd arrives there won’t be enough gold to go around, then WHOOSHKA! Up the price goes!
Why is it that some if not all of the analysts say that the debt of every country will not be paid back, why is it that the average person has to pay his / her debt back? I.e. unpaid credit card debt, then the bank sells the debt to a collection agency and that agency bugs the person to pay it back?
The inflation is not created by the people who receive the cheques.
very true, it's created by the printing press
well that's half of it. inflation happens from quantity and velocity...
@@jayhay1237 depends how you define inflation. Inflation by its original definition is the expansion of money. The only way to "inflate" money is by printing it.
Does David ever respond to comments?
I am a retired fellow with $20000 saving, and like to invest in silver or copper mining companies, would you give me 2 names ?I know nothing
No but ill give you one. Google.
How about silver miners?
I am expecting 40 dollars silver price by J@n 2021, silver miners should increase about 3-5x of silver price increases. Buy good profitable companies, don't get scammed by junior mining companies.
Hecla Mining did good for me 😎👍
Silver is usually produced as a by product of mining something else like gold or platnum or lead whatever, very few purely silver mines
Not hard to find just hard to pick cause none are that great
Wesdome goldmines mine gold& they mine a little bit of silver as a by product you should check something like that out
SVL on the ASX
@David Quintero copper mines as sell, probably more so
I agreed. Good people make good things happen.
I’d be amazed to see near $4000 gold in the medium term.
when
I wouldnt
Dollar to silver ratio should be above $1,000 by now, so gold $8,000 is in somewhere around
I see gold at 5 digits and silver 3 digits if the dollar still exists in 2 years.
I see silver at 5 digits and gold at 5 digits if they continue to print money out of thin air over the next few years.
Kitco News, New subscriber. You are doing a great job, but your desk needs an upgrade. Buy a beautiful high-end acrylic desk, it will do light-years for your credibility.
Gold to 20k... Be interesting to re-visit this one a few years down the road.. I'm gonna save it just for that purpose.
Maybe year 3999
It’s funny seeing people predict the price of gold... in CASH! Lol
As long as we are talking about the money price of gold, it’s a dud.
Does Pierre really think covid is a real thing?
When will be the gold price move up?????
when I sell. Sorry, it has been may fault.
I’ve no idea how many times I’ve heard that Gold is going to go through the roof... wishful thinking is a terrible enemy (Yes, Buffet has purchased Barrick Gold, but it’s a very small investment.)
Gold is going through the roof it’s been doing it look at the history of gold price
I'm literally sick of people saying 500M purchase is "small" because relative to his holdings it's small for Buffett. That is a substantial purchase if we ignore who it was that bought it. Buffett doesnt want to own and have to manage a gold mining company. He could buy essentially all the gold miners outright if he wanted to. He wants exposure to the sector while others run it. Note that he bought a mining stock, not metal itself. He's buying a cash flowing company that with ride the gold trend. I dont see this as behavior that would diverge from what his investment philosophy would be. He's buying a profitable company at a price he thinks is a value given the expectation for where things are going. Who knows if he's not continuing to buy more in the coming quarters? Time will tell.
Mutee Shakir
Yes, Gold almost reached $2100, but Putin woke up one morning and decided to announce that Russia had a vaccine and that same day, Gold went down by more than $100 and it hasn’t gone back above $2000 since then. So the question is, if the US or the EU comes up with a vaccine, then what?
Ron Lewis
You’ve mentioned something important. Buying mining stocks as opposed to the metal (Gold)
My Precious Metals fund has gone up by 62% since April, however it’s been there for the last 6 weeks and Gold has come down by more than $100 since it almost reached $2100. Whenever the vaccine is available I’m not sure that Gold will be able to maintain the gains, and Mining Stocks should do better but they will also suffer. All this talk about Gold going to $20k or wherever, seems a bit crazy to me, I’ll be surprised if Gold gets to $2500.
Takeover of Iamgold seems logical... and about to open mine like Orezone .. go gold go...
So what would happen to gold and silver if we go on the gold standard? Or when we go on the gold standard
Probably banks or govts would give you a nice price for it, but then make it difficult to get it back
Now we know that the gold market is manipulated, is this high expectation of $20K+ still possible?
POLL: If you had $10k to invest would you buy gold, silver, gold stock (Barrick) or stock in royalty company(Metalla)?
5 in each
Good question because if market takes a hit it all goes down due to margin calls
5k. AU..5K . Ag
10k in 2022 SLV call options
I just did 80% gold 20% silver. I will know in 6-18 Months if it’s the right amount.
This year I bought a bunch of canadian miners and only 1 australian. For some reason the only one down is the australian company. Sort of annoying.
Just think, JP Morgan could have bought a billion dollars of ABX with their fine, twice what Warren Buffet purchased of ABX.
I am stacking since april 2020 on silver and gold but I don't see much going higher, it is going down in fact!
The more YT vids I watched the more i was sure of a breakout but non so far.. I am into Bitcoins right now and those are exact the same type of people shouting on a breakout on BTC ! :) I guess in a year I will know who was right..
If Bitcoin can go to $20,000 so can gold.
Absolutely, I dont understand why people make so much noises about a rapid increase in gold prices!!
If the $FRN has little value in terms of purchasing power then does it matter if i oz of gold in 20K or not??
@@nikkion2140 Yes gold is stable while the fiat currencies are tanking in value, causing the price to rise. Gold at $20,000 should in theory have a loaf of bread costing $30-$40.
Nooo bitcoin is new exciting sexy and virtual. While gold is for grandpa. Millenials not interested in grandpa relics...
@@wesleyt4109 How much did a loaf of bread go up from 2001-2011 when gold went from 250 to 1900? It's a dumb argument, there are more factors to gold price than inflation.
No.
1 Market cap of gold is already 50x higher than bitcoin. 2. Bitcoin has mining difficulty adjustments. 3. Bitcoin is more divisible, fungible, cheaper to transfer and safer to hold. 4. living in a digial era.
Gold $2500 After November elections
Only $2500?
It will be 12÷0
austin rosin And if Hidin Biden wins..... $50,000 gold
austin rosin
I’ll be more than happy with Gold at $2500, not sure it will get there.
20,000 isn’t what it used to be. Gold will hit 20K as a historical certainty, just a mater of when.