Gold stocks trading at 50% of their value, expect 2024 to be a catchup year: Pierre Lassonde
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- เผยแพร่เมื่อ 2 มิ.ย. 2024
- Pierre Lassonde, chair emeritus of Franco-Nevada Mining, joins BNN Bloomberg to talk about his outlook for gold and gold equities in 2024. He says the stocks are trading as if gold is still at $1,500 but that should change next year.
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I like how Pierre keeps things simple and clear. Great interview.
He's a perma bull though. Not one to look to when making your gold investments
One reason why gold value is near all times high but not gold stock is because the central banks are the main buyers in 2023 and they don't buy gold stocks. The public has been asleep still except gold bugs. Once gold break 2100 and into 2200 to 2400, then the gold stock will rocket (10 percent gain per day is likely).
You are spot on it seems
Gold miners have been hit big on inflation. When gold was at 1500, inflation was nowhere near as bad, so hes off on that. Barrick is undervalued but Franco is still very expensive at these levels.
Agreed!
Excellent breakdown of gold stocks! I'm curious about your take on Fuse Minerals, especially given the current market conditions. Their stocks are trading at a significant discount, and I believe it would be valuable to hear your insights on their potential for a rebound.
Costco in Canada sell 1 oz Canadian Gold Maple Leaf coins and Swiss gold bars.
🌬️💨 Keep pumping it up ⛽
So that you can short it? 🤪
is there a difference between south African gold and American gold? cause i thought the atom Au is the same across all gold around the globe, or is he bring up this point from a political perspective?
Political.
How to invest in Gold? Should I buy some stocks that are related to it?
Newmont makes sense right now. Also b2gold, kinross, wheaton
Can buy physical gold itself that you store, physical gold that's stored in a vault held by a third party, or gold stocks that profit on the mining of gold (cost of production vs selling price). All have their risks and rewards.
That's a steal of a deal if I ever heard one.
I'm also interested in the lithium triangle in Argentina now that they have a more libertarian president
Canadian government doesn't have gold, because we sold it all. Mining minerals and precious metals are limited for global corporations not canadian government.
cosco selling rand,maple leaf,pamp 100g,pamp,10z,pamp dragan so far not just s africa but swiss n candian too cosco price very good nobody can beat plus pay by credit card n get 2% back on card
I enjoyed Pierre’s viewpoint . I would disagree with his point about Gold being ‘all about the U.S. dollar ‘ .. Gold is an ‘Internationally ‘ known and highly regarded value asset . Paper with presidents printed on them , much like their likeness on hills, clothing, underwear in the end have $0 international asset value when economies crash and global war (such as we are seeing now) sets in. Gold is a solid physical asset that you can escape war, poverty , or natural disaster across international lines. Look at history . Look at U.S. immigration of people with Gold in their teeth. Hidden gold in their clothing , their luggage , etc.. those individuals were able to start a whole new life here. Same goes for immigration into Canada and Europe. Gold can take you from a little town in Cape Town all the way to Paris France overnight . That is why I consider gold to be undervalued currently by at least 15% - 25% . When fiat crashes (hint; March 11 fed dead date) , gold will save many from the fires of bankruptcy and bailouts to Banks by U.S. taxpayers (part 10) lather , rinse , repeat .. we see what the Fed has been doing for decades and this time we are taking our grams and going home
Pierre, so we can Pay Under Spot in Africa?
I predict spot gold will hit $2150 by May 6th, 2024 .. gotta not to check back in 2 months (today 3/2/24)
It's almost $2200 now
BTC is the anti dollar
BTC is a Ponzi scheme.
Only if they don't regulate it!
Gold wasn't much of an inflation hedge in 2021 and '22. I set price limits, and I only made one purchase of physical this year. It's not inflation driving this price rise. I'd be surprised to find out the increase isn't due to ballooning global debt. The last few weeks my miners have been coming to life, along with my royalty companies. You can tell me we'll be mining asteroids in the near future. You can also tell me you're gonna catch Santa this Christmas.
It's been known to lag behind inflation and takes a while to catch up. But it does. Inflation is indeed a driver.
The mining companies are doing badly because their cost keep going up. They have a high capex, low margins and a lot of competition.