Considered one of the most esteemed voices in the sector, gold super legend Pierre Lassonde predicts that the Dow Jones to gold ratio will retrace to 1:1, which it has historically done in the past. Should that happen, he tells our Daniela Cambone, the gold price could climb to $15,000-$20,000 an ounce.
The Chair Emeritus for Franco-Nevada also addresses the volatility gold has been experiencing. "It's the same story," nothing has changed, he remarks, noting the metal could see higher highs as soon as January 2021.
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.