Video News/New Orleans Investment Conference 2026

(Kitco News) - Gold is headed higher even though the broader investing public has yet to join the rally, according to Frank Giustra, CEO of the Fiore Group and founder of Lionsgate. Speaking with Kitco News anchor Jeremy Szafron at the New Orleans Investment Conference, Giustra said “the public at large has not bought into it yet in any way,” with retail investors and generalist institutions largely absent. He said any pullback should be limited by “a floor of buying by central banks that’s not gonna go away,” as they slowly shift reserves from dollars into gold. Giustra, who backed gold in 2001 when it traded under $300, said his thesis still holds and that he expects the metal to “go a lot higher over the years.” He said he would walk away from gold only if given “world peace, honest politicians, and benevolent bankers.”