On the heels of the recent carnage in the gold and silver markets, today legend Pierre Lassonde told King World News that the price of gold is headed way above $2,400.
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.
“It Becomes A Casino”
September 4 (King World News) – Pierre Lassonde: “My belief on the long-term gold price is that nobody really knows. The numbers that I have seen thrown around like $2,400 will be vastly surpassed by the reality of the world to come…
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
Pierre Lassonde continues: “When you look at the amount of debt out there, it’s not like a 5, 10, 20 or even a 50% increase (in the price of gold) will do the job. It’s going to have to be far more than that. But that number as you know, Eric, it becomes a casino. And it becomes, who is the highest bidder? Look at the silver price in 1980 — it went over $50 from essentially a dollar. Who would have thought? I think the same thing is going to happen to the gold price. Are we going to see $2,000 gold? Absolutely. That you can count on. And you want to…To continue listening to this timely and powerful audio interview with legend Pierre Lassonde simply CLICK HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED: As Trade War Escalates, China May Unveil Its Secret Weapon – A Staggering 30,000 Tonne Gold Hoard CLICK HERE TO READ.
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