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The stock market is poised to crash 30% in 2023 as the U.S. enters a ‘significant’ recession, according to Pierre Lassonde, Chairman Emeritus of Franco-Nevada and CEO of Firelight Investments. Lassonde claims that inflation will hit 10% by 2026, and that he is positioning himself with gold, silver, and commodities — including copper, which he forecasts will hit $7 by 2028. He also discusses his gold forecast, de-dollarization, and gold mining stock picks with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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0:00 – Policymakers and critical minerals
4:18 – Stock market crash
6:32 – Mining supply and demand
8:00 – Economic outlook
11:02 – Gold’s performance
14:03 – De-dollarization and monetary reset
24:10 – Inflation
25:08 – Investment implications
25:47 – Copper
27:10 – Gold forecast
27:43 – Gold stocks and exposure
32:21 – Gold royalty companies
33:22 – M&A activity in mining
36:18 – Positive developments in 2023
#gold #inflation #stocks
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