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.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
0:00 – Policymakers and critical minerals
4:18 – Stock market crash
6:32 – Mining supply and demand
8:00 – Economic outlook
11:02 – Gold’s performance
14:03 – De-dollarization and monetary reset
24:10 – Inflation
25:08 – Investment implications
25:47 – Copper
27:10 – Gold forecast
27:43 – Gold stocks and exposure
32:21 – Gold royalty companies
33:22 – M&A activity in mining
36:18 – Positive developments in 2023
#gold #inflation #stocks
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Kitco NEWS is a global news network based in Montreal, with bureaus in New York, Hong Kong, New Mexico, London and Vancouver. Since 2009, our journalists have helped investors make informed decisions through in-depth reporting, daily market updates, and interviews with key industry figures. We aim to accurately and impartially cover the economy, stock markets, commodities, cryptocurrencies, mining and metals.
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21 Comments
hasn't it crashed and recovered already?
MiMa ❤ is looking extra pretty in this interview. I’m liking the miners- gold and Crypto 👌
Rates will stay high for a long time don’t see pivot in years to come. Looking back 2-5% rates are unprecedented. Expect over 5 for decade
The west can keep their woke democracy.
We in India are buying Gold- Silver at an unprecedented rate. Go to the store, dump money and buy. Passed on from ancestors is an additional bonus.
The last 100 years since the creation of the 'Federal Reserve Bank' (which is not federal nor has any reserves and is not in any shape or form a bank) prove that the gold price does not behave in the way Pierre thinks.
When the extent of USD dumping is realised sometime in 2024 the USD will slide down faster than Bill Clinton's underwear did in the oval office and that will inevitably mean steady increases of 60 -200 USD per month over a period of at least 12 months..
The greenest form of energy is horse pulling a plow in the field and fertilizing it at the same time.
Russia is selling their oil
Where exactly does this ladies accent come from ?
Who wants Yuan for their goods? Who wants the Brazilian Real? The Canadian dollar? The Ruble? It makes no sense as the country receiving the currency, but boy would China or Brazil love for a nation to take their fiat. Who will then take Yuan as payment from someone other than China? No one.
Kitco keep on shilling!!!!! Lmao😂😂😂😂😂
Biden has shut down a large copper/nickel mine in Northern Minnesota (PolyMet). The proposals for this mine have been on the table for several years. It would provide hundreds of good jobs in an area where jobs are badly needed.
Copper without silver? You can have all the copper wiring you want. But without silver no PC boards. No electronics, no digital. Anything. Silver will be three digits or more by 2030.
The GREAT RESET MUST BE STOPPED
These People are LUNATICS
This guy is a ahhh about a year late…. bookmark this quote
Historically speaking scarcity has always hedged these economic conditions.
Gold/silver was the "old hedge" but not for this modern era.
Private cryptos will be the upgrade that replaces that.
Kitco news you seriously need my perspective on your channel because "ALL" of your guests have this completely wrong.
An elegant gentleman who surely knows his stuff.
My expectation has been that eventually government will ease regulation of mining out of necessity, It's been ugly and most people haven't been thinking about it at all. That's why I've been buying…
I like that Michelle challenges these big dogs, yet allows them to talk.
Kitco is not the same without the hommie David Lin.