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.
gold, inflation, mining, Pierre Lassonde, stock crash, stocks
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 ?+'