Frank Giustra & Pierre Lassonde discuss gold, de-dollarization, macroeconomics, geopolitical threats, and why Canada is failing

Kitco News, Released on 3/29/24

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, hosts Kitco Insights Interactive Mining Titans’ Power Panel with Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada. Giustra and Lassonde warn that Canada is jeopardizing its place on the world stage as it fails its resource sector, economy, and citizens. They also discuss gold hitting new record highs, share their forecasts, and explain the divergence between the price of gold and gold miners. Giustra and Lassonde weigh in on de-dollarization, macroeconomics, bifurcation of the global monetary system, and top geopolitical threats of 2024.

00:00 – Mining Titans Panel
01:56 – Canada’s Resource Sector
03:05 – Introducing the Mining Moguls: Frank Giustra and Pierre Lassonde
05:27 – The Underinvestment in Canada’s Resource Sector & Resource Nationalism
11:21 – The Path Forward for Mining
14:22 – The Future of Gold & the Mining Sector
45:13 – Central Banks, Gold Reserves, and the Global Monetary System
58:07 – Geopolitics
01:00:01 – Gold’s Market Dynamics, Physical Gold vs. Gold ETFs
01:03:00 – BlackRock CEO Larry Fink’s Stance on Gold
01:09:08 – Canada’s Online News Act
01:21:01 – Politics

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.

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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