Love the pearls of wisdom from Mr Lassonde! What he calls 'fireflys' so true I lost so much money on juniors I never touch them now. Only invest in physical gold.
Thanks James, good discussion but lacked one significant topic and that is Panama Cobre. This asset represents 5-10% of Franco's NAV and has eliminated $10 billion in market value from First Quantum and wiped out billions from Franco so not discussing it only brings more questions about what is truly happening in Panama.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Michael and for taking the time to view our content! We did not discuss Panama given the fluid nature of the situation but we agree, it is a very important matter.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Great idea about Seymour and I will check this out.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Agreed! I am trying to get an analyst on to speak to the valuation.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Another interesting point on copper is that everyone is looking for it but cant find it in size (LOM 50-75 years).
@@BloorStreetCapital Hi Jimmy, Thanks for your answer! Actually if demand is falling of a cliff due to the recession, I don't expect the move to be spectacular even if there is a supply shortage. Same thing with oil, which is falling despite the chronic underinvestment in production capacities. That said I own a few diversified copper play like Evolution Mining, which invested in the 30-year LOM Northparkes copper mine.
@@JPS40 oil is another interesting market and I'm always amazed at how volatile it is given the size. It's common for oil to move 3-5% in a day. I am working on an oil expert to come on as a guest. Tell me where the price of oil is going and I can tell you where the economy is going.
@@BloorStreetCapital Oil is to me one of the most complicated markets because there are so many factors to influence supply and demand among which the geopolitical factor and the DXY. It is volatile given the fact that it is a modulable source of energy and the OPEC can decide to produce more or less oil to set the price. To me on the short / middle term, it is going down - something like $45 - because going from 0 to 5+% with such high level of debt in just one year can only produce a recession if not more. And the I would expect the price to go up on the longer term because of the chronic underinvestment in the oil & gas business
Long time older of fnv at 2750 a share but no mention of the elephant in the room the Panama situation possibly overreaction but you define nfnv has gone a bit too far? The problematic loss is still only a small part of its inherent value where is the buy point on the decline?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Gerry and for taking the time to view our content! Yes, given the sensitivity of the situation we stayed away from it.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Jim! I would also love to have a few drinks with Pierre. I bet he has some amazing stories.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Agreed, he is a genius and way ahead of the curve!
Thanks Jimmy but would have been nice to hear a discussion on valuation especially given the pullback due to Panama. I never understand why these countries push out foreign investment, they should be thankful for countries like Canada and the US and the companies that invest there, add to gdp and create jobs but that's another conversation for another time. Big question is do we buy FNV here?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Omer and for taking the time to view our content! Given the fluid nature of Panama we opted to stay away from that at this time.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment/question and for taking the time to view our content! I will try to find the answer.
Let's also talk about the down side of Royalty Stocks. Economic failure, mines shut down and no gold flows to the royalty company. Stock market collapses so will the Royalty company.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment! I agree gold has not been the best investment in recent years but it can still add some stability to your overall portfolio mix.
I appreciate his comments on how junior mining companies are 'fireflys' (euphemism for shitcos) but the narrative is always the same with gold bugs ie black swan event, gold is money, trillions in debt, etc etc etc and none of it every comes to fruition. How about just buying an etf on the s&p.
Actually gold loses value in a black swan event. Gold increases in value during a recovery. Gold sellers always predict doom and gloom as a way to scare people into buying gold. Once a bad event hits people sell their gold and the price drops.
Over the last 20 or so years, gold has gained about .7% a year. Not an inflation hedge. Real estate is the inflation hedge - that's why even with the Great Recession, if you owned a home from 2007 to 2023 in Las Vegas, you've doubled-up.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Mike and for taking the time to view our content! I can't argue that point. Gold has not provided the same inflation hedge as other assets have. Maybe this year will be different.
@@contrariandealer3466 Gold, $2600 in 1980. Negative return over 43 years. I'm not on RUclips giving you literal moment by moment data. Anyone can read a chart and see gold long-term doesn't do ***t. 2011, it was higher than it is now. Uncountable numbers of people bought in 1978-1980 and 2008-2011 using advice from clownshows.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! You are correct in that gold has not kept up to other assets such as real estate and especially bitcoin.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Martin and for taking the time to view our content! We are just trying to appeal to as many people as possible. Some like long-form interviews an others like short-form.
It's Jimmy Connor from @BloorStreetCapital, thanks for the positive comments! A difference of opinion is what makes a market. What topics would you like us to discuss?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment/question. Wealthion is growing and expanding it's services to include new hosts and new guests. If you have any comments or suggestions on who you would like to see please let us know.
Always a pleasure to listen to Mr. Pierre Lassonde.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Agreed!
Pierre is a living LEGEND. Thanks for having him on the channel Wealthion
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Agreed, he is a legend!
Thanks Jimmy and Pierre, always enjoy your insights. The Goldstrike story is one of the best!
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment John and for taking the time to view our content!
Always a delight listening to Pierre. Merci beaucoup!
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Patrick and for taking the time to view our content!
This was brilliant thank you for hosting him
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Love the pearls of wisdom from Mr Lassonde! What he calls 'fireflys' so true I lost so much money on juniors I never touch them now. Only invest in physical gold.
Should be a good discussion 👍
Thanks James, good discussion but lacked one significant topic and that is Panama Cobre. This asset represents 5-10% of Franco's NAV and has eliminated $10 billion in market value from First Quantum and wiped out billions from Franco so not discussing it only brings more questions about what is truly happening in Panama.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Michael and for taking the time to view our content! We did not discuss Panama given the fluid nature of the situation but we agree, it is a very important matter.
Good to see we have a Quebecker here tabarnak
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! We love Quebeckers!
Thanks ⚘️ - love listening to Mr. Lassonde -a rare pleasure 🙏
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
I await the discussion, should be informative. Not many people dable with metals.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Christopher and for taking the time to view our content!
The best of the best Jimmy! How 'bout Seymour Schulich next time?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Great idea about Seymour and I will check this out.
Another great interview with a great guest. Great job.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Paul and for taking the time to view our content!
Excellent, quality guest. More of the same please.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Who else would you like to see?
Panama cobre is significant and should have discounted by about 10% but at 147 per share its way over sold
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Agreed! I am trying to get an analyst on to speak to the valuation.
Most insightful and interesting. Thank you.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Thanks for these high grade insights from Pierre Lassonde! A bit skeptical on copper as recession is looming but good long term play
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Another interesting point on copper is that everyone is looking for it but cant find it in size (LOM 50-75 years).
@@BloorStreetCapital Hi Jimmy,
Thanks for your answer! Actually if demand is falling of a cliff due to the recession, I don't expect the move to be spectacular even if there is a supply shortage. Same thing with oil, which is falling despite the chronic underinvestment in production capacities. That said I own a few diversified copper play like Evolution Mining, which invested in the 30-year LOM Northparkes copper mine.
@@JPS40 oil is another interesting market and I'm always amazed at how volatile it is given the size. It's common for oil to move 3-5% in a day. I am working on an oil expert to come on as a guest. Tell me where the price of oil is going and I can tell you where the economy is going.
@@BloorStreetCapital Oil is to me one of the most complicated markets because there are so many factors to influence supply and demand among which the geopolitical factor and the DXY.
It is volatile given the fact that it is a modulable source of energy and the OPEC can decide to produce more or less oil to set the price.
To me on the short / middle term, it is going down - something like $45 - because going from 0 to 5+% with such high level of debt in just one year can only produce a recession if not more. And the I would expect the price to go up on the longer term because of the chronic underinvestment in the oil & gas business
@@JPS40 that would be a significant pullback!
Did know copper royalties are cheap. as a peasant I'm waiting.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Bobbie and for taking the time to view our content!
Your not just “beating inflation”…
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Long time older of fnv at 2750 a share but no mention of the elephant in the room the Panama situation possibly overreaction but you define nfnv has gone a bit too far? The problematic loss is still only a small part of its inherent value where is the buy point on the decline?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Gerry and for taking the time to view our content! Yes, given the sensitivity of the situation we stayed away from it.
This is a guy I would like to sit down with and have a couple of drinks. Salt of the earth.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Jim! I would also love to have a few drinks with Pierre. I bet he has some amazing stories.
Pierre is a genius! Plus, I love the snowy owl pic behind him! He has a lot of the same characteristics as that animal.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! Agreed, he is a genius and way ahead of the curve!
Thanks Jimmy but would have been nice to hear a discussion on valuation especially given the pullback due to Panama. I never understand why these countries push out foreign investment, they should be thankful for countries like Canada and the US and the companies that invest there, add to gdp and create jobs but that's another conversation for another time. Big question is do we buy FNV here?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Omer and for taking the time to view our content! Given the fluid nature of Panama we opted to stay away from that at this time.
Thanks
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Who does Pierre use to audit the company?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment/question and for taking the time to view our content! I will try to find the answer.
A convo with Arjun Murti would be great on o&g
It's Jimmy Connor from @BloorStreetCapital, thanks for the suggestion! I'm not familiar with Arjun but will check out his content.
Interview thomas kaplan .
It's Jimmy Connor from @BloorStreetCapital, thanks for the suggestion! Thomas would be a great guest!
Let's also talk about the down side of Royalty Stocks. Economic failure, mines shut down and no gold flows to the royalty company. Stock market collapses so will the Royalty company.
He may be a gold legend but he sounds pretty biased against BTC, to say the least.
Gold up 389% in 20 years . Cleanspark the bitcoin miner up e62% in 6 months. ;)
be patient? You’ll be dead by then, if you’re waiting for a goal to increase.
Oh I know the feeling! Hard to argue this.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment! I agree gold has not been the best investment in recent years but it can still add some stability to your overall portfolio mix.
I appreciate his comments on how junior mining companies are 'fireflys' (euphemism for shitcos) but the narrative is always the same with gold bugs ie black swan event, gold is money, trillions in debt, etc etc etc and none of it every comes to fruition. How about just buying an etf on the s&p.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Actually gold loses value in a black swan event. Gold increases in value during a recovery. Gold sellers always predict doom and gloom as a way to scare people into buying gold. Once a bad event hits people sell their gold and the price drops.
Yes, buy gold after a black Swan event, if you can. If you can bit is the problem.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!
Over the last 20 or so years, gold has gained about .7% a year. Not an inflation hedge.
Real estate is the inflation hedge - that's why even with the Great Recession, if you owned a home from 2007 to 2023 in Las Vegas, you've doubled-up.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Mike and for taking the time to view our content! I can't argue that point. Gold has not provided the same inflation hedge as other assets have. Maybe this year will be different.
Gold is up 389% in 20 years… you need to work on your math and stay out of the market if that’s your analysis.
@@contrariandealer3466 Gold, $2600 in 1980. Negative return over 43 years. I'm not on RUclips giving you literal moment by moment data. Anyone can read a chart and see gold long-term doesn't do ***t. 2011, it was higher than it is now. Uncountable numbers of people bought in 1978-1980 and 2008-2011 using advice from clownshows.
Stock market is not the solution for inflation. Stop printing money on circulation that's the solution.
the real issue is: gold is losing vs real estate esp when we will include rental income. not to mention against stocks....
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content! You are correct in that gold has not kept up to other assets such as real estate and especially bitcoin.
fascinate
Can you stop with the annoying shorts? This channel is becoming TikTok.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment Martin and for taking the time to view our content! We are just trying to appeal to as many people as possible. Some like long-form interviews an others like short-form.
Beat inflation with copper and gold? Lol
Unsubscribe, this isn't a wealth channel so much as a wealth destruction channel now.
It's Jimmy Connor from @BloorStreetCapital, thanks for the positive comments! A difference of opinion is what makes a market. What topics would you like us to discuss?
What happened to this channel?
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment/question. Wealthion is growing and expanding it's services to include new hosts and new guests. If you have any comments or suggestions on who you would like to see please let us know.
Adam Tagard stared his own youtube Channel..
It's Jimmy Connor, we are moving on and moving up and we hope you stick around!
@@joeharvie8362 We wish Adam all the luck but no way will he be able to match this channel and the guests we have coming on.
Geezis....none of their other predictions came true so roll out the mythical black swan again.
He's trying to flog you something. Plain and simple.
It's Jimmy Connor from @BloorStreetCapital, thanks for the comment and for taking the time to view our content!