Feb 15, 2021 Guest(s): Peter Marrone Executive Chairman, Yamana Gold
Precious metals are not done rallying in our current economic environment, and in the next bull run, silver is likely to outperform gold said Peter Marrone, executive chairman of Yamana Gold.
"It's difficult for me to predict where the gold price will be on a short-term basis, but as well, I appreciate there's an element of speculation in this discussion. It's very difficult to see in the intermediate and over the longer term, directionally, gold prices do not go to higher levels than it is today. And given the amount of monetary stimulus and fiscal stimulus in the world and likely going to increase, the amount of government debt to GDP, I'm not suggesting that this is not tolerable, I am suggesting that this is the perfect storm for gold price to go to higher levels," Marrone said.