Pierre Lassonde interview

[Hydrogen]

https://www.youtube.com/watch?v=gU0Z85mNweE&t=724s

From two years ago but watch again from 10min in.. he nails it then. remember Lassond has no axe to grind.

1-3moz reserve capability - offers at par
3-5 moz offers at premium
5-10-15 moz - bidding war for those projects

Hello Wyloo...!

And then look at his views on debt and inflation... spot on again.
Lassonde then muses the unthinkable; will covid cause the Dow to gold ratio goes to 1:1 (presently 19:1)

Believe it or not...It's been there twice before... in 1933 and 1980 for different reasons.
Dow v gold 1:1 = Dow at 15000 and gold at $15000..?

[jecsggp]

Great post. G/D ratio: either of the two, or both, could change to create that D/G ratio . A bit rhetorical, but - Any guesses?

https://www.youtube.com/watch?v=gU0Z85mNweE&t=724s

From two years ago but watch again from 10min in.. he nails it then. remember Lassond has no axe to grind.

1-3moz reserve capability - offers at par
3-5 moz offers at premium
5-10-15 moz - bidding war for those projects

Hello Wyloo...!

And then look at his views on debt and inflation... spot on again.
Lassonde then muses the unthinkable; will covid cause the Dow to gold ratio goes to 1:1 (presently 19:1)

Believe it or not...It's been there twice before... in 1933 and 1980 for different reasons.
Dow v gold 1:1 = Dow at 15000 and gold at $15000..?

[LoggyLogbot]

On the subject of Pierre Lassonde interviews, Flareboom posted a link to an interview on Sunday night on LSE.
The interview is from 18 Nov 2022

https://www.youtube.com/watch?v=4AbhSN9_Py4

I really enjoyed this - as FB points out in his LSE post, it's the one where Lassonde predicts that if you have a Gold and Copper project you have 'Nirvana'.

0:30 - Why 2023 should be a good year for gold.
1:40 - Is the U.S. in a recession?
2:20 - Is the U.S. dollar going to lose its reserve status?
4:10 - Why is the battery metal space uncertain?
5:40 - Why are copper-gold projects "nirvana"?
10:25 - Why investors must love misery.

The blurb for the interview is as follows:
Lassonde spoke to Kitco on Tuesday at the 2022 Precious Metal Summit Zurich.

"I think a lot of gold bugs are asking themselves the question: 'with inflation running at 7% to 8%, why hasn't gold responded?'" said Lassonde.

"The answer is that 80% of the value of gold, long-run, is tied to the U.S. dollar, and for the last four years the dollar has been on a tear, and it's essentially suppressed gold demand. The other reason is cryptocurrency. Cryptocurrency went from nothing to a $4 trillion industry in the space of less than 10 years. The entire Gen Z generation got attracted to it."

Lassonde said that 2023 should be a good year for gold. With cryptocurrency in the doldrums and the U.S. dollar weakening, gold should get a lift. He estimates that 20% to 40% of gold liquidity was affected by the rise of cryptocurrency.

"With crypto imploding and the dollar rolling over, I predict that 2023 will be the year of gold."

Valuations have been tough for miners, but Lassonde said that investors should embrace downturns. Lassonde said his former business partner, Seymour Schulich, said to embrace misery, as it's the best time for bargain hunting.

"This is where we are today. The juniors are so unloved, it's not funny. They are trading for a fraction of their value, and they cannot raise any money," said Lassonde.

One bright spot is that many of the large miners are flush with cash after the recent run-up in metal prices. Lassonde also said that $1,700 is still a good price for gold.

[Jiffy]

Why is it that no one in the Kitco interviews, ever mention JPM and the derivative/paper gold markets that are effectively pulling down the price of gold according to this link as provided by Schlemiel Re Sprotts on the LSE website?

https://www.sprottmoney.com/blog/is-the ... ico-simons

One for Speedy maybe

[speedymeadie]

Hi Jiffy. It is called "censorship" it is amazing how much influence the powers that be have over cos such as KITCO. ATB Speedy