On the heels of the Fed lowering interest rates to zero and promising to inject $700 billion of QE, and the world continues to edge closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the collapse of the global financial system is imminent.
On the heels of the recent plunge in the gold and silver markets and collapse in the mining stocks, today legend Pierre Lassonde spoke with King World News about the recent carnage as well as what he is doing with his own money right now as well as where he believes the price of gold is headed from here.
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 current 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.
Pierre Lassonde: Chairman / Founder of Franco Nevada & the Lassonde Entrepreneur Institute – Pierre was President of Newmont Mining Corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a co-founder and co-CEO of the original Franco-Nevada. He is past Chair of the World Gold Council, has served on many mining boards and is recognized for his philanthropy…
In light of the recent carnage in the gold sector, I reach out to legend Pierre Lassonde to discuss the carnage as well as where the price of gold is headed and what investors should expect from here. That interview will be released immediately, but in the meantime, look at this….
Below is a fascinating email from KWN reader about what is unfolding.
With the Dow attempting a countertrend rally and the US dollar rallying on Friday the 13th, here is an important update on the gold market.
The global Coronavirus panic and stock market crash continued today with the Dow falling another 2,352 points or a staggering 9.26%. Here is an important look at the market panic as well as gold.
It’s been a wild trading day but take a look at this…
Fed not QE reverses some of today’s massive market losses.
Rob Arnott: Founder & Chairman of the Board of Research Affiliates – Rob’s firm RALLC manages and licenses nearly $200 billion and also sub advises mutual funds and ETFs for the Schwab Funds, Powershares and Nomura. He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and a suite of PIMCO products based on the Fundamental Index® approach…
