Stansberry Research, Released on 9/25/23

“Banks are slowing. Some financial accident is going to happen, and it could end up being a spiral. I think the charade of pretending that they’re going to beat inflation is a charade. They know they can’t,” says Frank Giustra, billionaire philanthropist and CEO of the Fiore Group. He says the Fed knows that interest-rate hikes have a lag effect and the massive debt issue will “bankrupt America,” as shown by today’s slowing economy. While mining industry veteran Pierre Lassonde paints a negative picture for mining juniors, Frank disagrees and urges folks to avoid letting emotions guide their decisions no matter what happens in the market. “It’s a matter of patience. Hang in there. You just have to know something there is good [coming].” Additionally, Frank points out that central banks around the world accumulating gold means “something is up.” “I don’t think the West is listening. The gold enthusiasts are in the East. That’s where we see all the physical gold is going,” Frank concludes.

00:00 Precious metals sector and junior mining
5:25 Successful players in the sector
7:55 Is there a room for new players?
11:01 Where did Frank get new ideas?
17:56 Bitcoin and gold
20:38 BRICS and financial reset
22:18 Fed and a looming financial accident

Frank Giustra is a Canadian business executive, who has been particularly successful in the mining and filmmaking industries, and is a noted philanthropist. Mr. Giustra started out as an assistant trader and then became a stockbroker at Merrill Lynch in his early career. He later went on to join Yorkton Securities, where he helped launch a new branch geared towards financing resource companies in Europe. He is now an advisor to major gold miner, Endeavour Mining Corporation. In the late 90’s, he founded Lionsgate Entertainment – the company behind The Hunger Games and Michael Moore’s Fahrenheit 9/11. The company had over $2 billion in revenue in 2013, and owns the rights to the hugely successful Twilight movie franchise and The Expendables series, among other big blockbuster titles.

  economy, federal reserve, Frank Giustra, gold, inflation, investing, stock market