Can gold hit $20,000? Pierre Lassonde talks industry’s future and his legacy

Sep 15, 2020
Guest(s): Pierre Lassonde Chairman, Franco-Nevada

Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada.
Lassonde retired from the board of Franco-Nevada this year, but is still actively involved in the mining sector. Due to the expansion of gold prices this year, coupled with falling energy prices, margins in the industry have never been better, he noted. (show less)

Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada.
Lassonde retired from the board of Franco-Nevada this year, but is still actively involved in the mining sector. Due to the expansion of gold prices this year, coupled with falling energy prices, margins ... (read more)

Precious Metals Summit 2020

Precious Metals Summit 2020
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