Pierre Lassonde: Stocks to crash 30% in 2023, only these equities will thrive
Kitco News, Released on 3/3/23
The stock market is poised to crash 30% in 2023 as the U.S. enters a 'significant' recession, according to Pierre Lassonde, Chairman Emeritus of Franco-Nevada and CEO of Firelight Investments. Lassonde claims that inflation will hit 10% by 2026, and that he is positioning himself with gold, silver, and commodities - including copper, which he forecasts will hit $7 by 2028. He also discusses his gold forecast, de-dollarization, and gold mining stock picks with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.
0:00 - Policymakers and critical minerals4:18 - Stock market crash6:32 - Mining supply and demand8:00 - Economic outlook11:02 - Gold's performance14:03 - De-dollarization and monetary reset24:10 - Inflation25:08 - Investment implications25:47 - Copper27:10 - Gold forecast27:43 - Gold stocks and exposure32:21 - Gold royalty companies33:22 - M&A activity in mining36:18 - Positive developments in 2023
Pierre-Paul Lassonde is a businessperson who has been the head of 8 different companies. He is on the board of Franco-Nevada Corp. (former Independent Chairman), Gold & Silver Institutes and The Bishop Strachan School and Member of Order of Canada. In the past he was Director at New Gold, Inc., Chairman for Mus?(C)e national des beaux-arts du Qu?(C)bec, President, Co-Chief Executive Officer & Director at Franco-Nevada Mining Corp. Ltd., President & Co-Chief Executive Officer at Euro-Nevada Mining Corp. Ltd., Chairman of Quebec National Art Museum, Chairman for World Gold Council Ltd. and Chairman for Canada Council for the Arts. Pierre-Paul Lassonde received an undergraduate degree from the University of Montr?(C)al, an MBA from the University of Utah and an undergraduate degree from Ecole Polytechnique.
Pierre Lassonde: Stocks to crash 30% in 2023, only these equities will thrive added by Herman James on 03/03/2023View all posts by Herman James ?+'