Silver as an investment

Possibly the Most Important Thing About Gold You’ll Read All Year / By Marin Katusa / 20 October 2017 

A German newspaper just published one of the most important things on gold you’ll read all year.

It’s an interview with Pierre Lassonde, one of the smartest guys in mining. One of the smartest guys in the world. Pierre is the billionaire founder of top mining royalty firm Franco-Nevada.

In an industry with plenty of pretenders and shady salesmen, Pierre stands very tall. He’s a brilliant deal maker, he has an incredible long-term track record, and he’s an all-around good guy. When Pierre talks about making money in natural resources, I listen. I hope you do too. (You can read my story about having dinner with him right here)

Recently, the German newspaper Finanz and Wirtschaft (translated to Finance and Economy) interviewed Pierre to get his take on gold and gold mining. I thought it was an excellent interview. Below, you‘ll find what I believe are the biggest, most useful ideas he shared, along with some comments from yours truly. I hope you find this “one two” punch combination from Pierre and myself useful.

Q: So where do you think gold will go from here?

Pierre Lassonde: My view has been between $1250 to $1350 per ounce for this year and then slightly ramping up next year to around $1300 to $1400. But for gold to get into the next real bull market we need signs of inflation. So far we haven’t seen them. The Federal Reserve and other central banks have piled up huge reserves. But there is no inflation because the money is sitting within the banks and they are not lending it. Therefore, you don’t get a multiplier effect. But what happened recently in the US – the one-two punch with respect to the hurricanes »Irma» and »Harvey» – is going to require an enormous amount of reconstruction. This could finally move the needle on inflation. Also, Europe is doing much better. So at some point I suspect we are going to see inflation start to pick up a little bit.


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