Today billionaire Pierre Lassonde told King World News that a tsunami of crypto money is set to move more aggressively into gold. Lassonde also shared many of his top stock picks in this exclusive interview.
Billionaire and legend Pierre Lassonde warns a tsunami of crypto money poised to flow into gold and gold stocks.
August 9 (King World News) – Billionaire Pierre Lassonde: “What’s interesting is that one of the crypto currencies, tether, bought 36% or 39% of a gold company. And the idea is that they want to back their currency, they’re buying US Treasuries but they already have tens of billions of dollars of US Treasuries, they’ve got some real estate, and they’ve also got some physical gold as well in that cryptocurrency. And this something that could be a game changer is if some of these cryptocurrencies decide that they want to get even more backing from gold [by buying gold and gold stocks]. And when you look at the amount of money, frankly it’s a deluge of money, it’s a tsunami of money that’s floating in there, that would have a big impact on gold and gold stocks, and particularly the top class gold stocks…Billionaire Pierre Lassonde shares with King World News listeners around the world many of his top stock picks in this remarkable audio interview and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
To continue listening to Alasdair Macleod discuss the short squeeze that is beginning to unfold in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
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