Pierre Lassonde: Stocks to crash 30% in 2023, only these equities will thrive

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.

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