Pierre Lassonde: U.S. Dollar Downward Spiral by Year’s End, Gold to Skyrocket

ITM Trading, Released on 3/1/24

The U.S. is likely to face a recession by the end of this year or early next year, according to mining industry veteran Pierre Lassonde. Speaking with our Daniela Cambone, he highlights the concerning trend of the U.S. government accumulating $2 trillion in debt annually without a visible solution in sight. Lassonde predicts a decline in the U.S. dollar, which could drive up the value of gold. Additionally, he addresses the challenges confronting the Canadian mining industry, including the lack of investment from major pension funds, known as the Maple 8. Tune in to the insightful interview to discover strategies for safeguarding your wealth in these uncertain times.

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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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