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 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

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 Musée national des beaux-arts du Québec, 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 Montréal, an MBA from the University of Utah and an undergraduate degree from Ecole Polytechnique.

  gold, inflation, mining, Pierre Lassonde, stock crash, stocks