On the heels of the price of gold futures surging above the $5,600 level before pulling back, billionaire Pierre Lassonde told King Word News he predicts the price of gold will hit $25,000.
Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, former Chairman of the World Gold Council and former Chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.
January 29 (King World News) – Eric King: “Pierre, we have a lot going on right now, and I want to open with the gold market because it’s behaving beautifully. Your thoughts on gold what’s happening here because you had predicted a long time ago this was coming.”
Pierre Lassonde: “First of all, Eric, thanks for having me on your show, it’s always a pleasure. The quality of the people you have on this show is absolutely unbelievable. The advice that you give to your listeners is also really incredible. So it’s a pleasure and happy to discuss, particularly, gold because that’s my specialty. That’s really where I’ve made 90% of my money.
What’s interesting is that part of the reason why the gold price keeps going up is because a lot of people at $2,000 said, ‘It’s too high.’ And at $3,000 ‘it’s too high.’ And now it’s going up so fast they got to get there. And all of the portfolio managers are underinvested in gold. If you only take 1% of current worldwide savings and it goes into gold, gold is going to be over $25,000 because it’s a small market. The total amount of gold that…this is one of Pierre Lassonde’s greatest interviews ever where he predicts jaw-dropping prices for gold, silver and mining stocks and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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