Stocks to crash 30% in 2023, only these equities will thrive - Pierre Lassonde
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- Опубликовано: 21 июл 2024
- 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 ( / michellemakori )
Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow )
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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![Rob49 - On Dat Money (with Cardi B) [Official Video]](http://i.ytimg.com/vi/fTFS58mHJh8/mqdefault.jpg)
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
@@Isaacmeide These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones
It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@@kevsmills There are lots of them but almost everyone works with ISABEL LINDA DUERI this days, she's getting more recognized by day, she strategies has been the best this period
@@Emmacurtis She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing..
This information is really helpful.
Always a pleasure to listen to Mr. Pierre Lassonde, a master in doing great research
I “ hope” Pierre Lassonde is incorrect about his bearish outlook, however, it would be a great opportunity to buy the SPY & others from the pull back
Excellent interview! No soft ball question, very refreshing.
Great conversation by knowledgeable guest and smart Michelle Makori. This is the caliber of guest you need to invite, Michelle instead of wasting our time with Robert Kiyosaki holding a silver coin "Real money", "I am an entrepreneur", "buy real estate with debt".
Agreed. Robert Kiyosaki was a horrible guest. Provided nothing of importance.
He's super wealthy but don't have coffee money
Everytime I listen to him hes always SAYING ALOT but its ALOT OF NOTHING.
Completely agree. I never listen to him anymore. 2-3 times was enough many months ago. From these comments, I gather he's saying the same things as always. People like Lassonde & Neumeyer offer updated insights into minerals and the environment surrounding them. With Kiyosaki it's the same old. I suppose he continues to emphasize that he's a marine and to promote his latest book umpteen times per interview. He's just living off his name.
Robert Kiyosaki made his money by writing and selling books about how to make money. I suspect that he’s not the successful investor he purports to be.
We in India are buying Gold- Silver at an unprecedented rate. Go to the store, dump money and buy. Passed on from ancestors is an additional bonus.
I guess you can get away with that in India, not in the US or Europe. Nothing like carrying around a bunch of gold and silver in your pocket to buy groceries.
The greenest form of energy is horse pulling a plow in the field and fertilizing it at the same time.
Smart and personable man this Pierre. Many great qualities of a person. I can see why he has worn so many prestigious hats.
Excellent Interviewer ! - Nice to see a informed TV journalist
Metals, Commodities, and Energy.
Michelle, great show with a big-time guest!
Great questions. I love how you do your research before interviews. It doesn’t go unnoticed.
I appreciate that!
@@kitco Second that, great interview!
Great interview Michelle
The interviews on here are always great because they invite guests on and actually let them speak. Other Networks interupt all the time and then cut to a commercial break after giving them 2 minutes.
Newmont mining companies
Kitco always invites the best guests.
Michelle is quite an asset to Kitco, simply personable, charming & well prepared in interviews
and beautiful
@@feedback1950 Danielle hit the wall..Michelle is holding up quite well. you can’t deny it
@@marcopragmatic8924 having Peter Hug as your boss did not help. A clueless individual, not leader nor mentor.
@@marcopragmatic8924 Michelle is doing a GR8T in her career
C'est toujours un plaisir d'écouter Pierre Lassonde
Great interview! Michelle you are awesome!
Thanks so much!
Always a nice interview...............thanks
21:30 I think you're pretty much spot on. The east currency though, I think it will be backed by gold, maybe silver.
Oil, natural gas, lithium, copper, titanium, cobalt, you name it …
great interview, great information... more please
Imagine when politicians find out you need minerals to SURVIVE in stead off for 'a greener world'.
Fantastic conversation. Quality content as usual from KITCO.
Great info thank you for that!
Michelle always brings out the best in her guests! Good Job Kitco!!
Always Great!!! Lots of nuggets of knowledge to learn and thank you for the charts too..
Glad you enjoyed!
Great Interview. I'm curious why The Golden Triangle isn't mentioned. I've believed for the past 2-3 yrs that I've struck gold (pun intended) with Treaty Creek. Have I been fooled or is this not potentially the largest deposit found in years and in politically neutral Canada, with all infrastructure already present with Pretium across the road???
March 2006 gold was breaking $500/oz barrier. First meeting of FOMC with Bernanke as Chairman was March 2006.
Very positive outlook for metals and hopefully other commodities as well in coming quarters.
GOLD price is at it's TOP of a 100 year cycle..nearly everyone is wrong about metals, just like always in every market..it can't be ha?)
Copper without silver? You can have all the copper wiring you want. But without silver no PC boards. No electronics, no digital. Anything. Silver will be three digits or more by 2030.
Great and very informative interview.
Wonderful interview. Thank you.
equities will not dump 30% from here. markets simply won’t let that happen. the fed talks tough. but will find a reason to pause at a 15% dip
Great job to both of you...and very good questions Michelle!.
Any ideas for copper investments?
Michelle, did Pierre give you any Gold Royalty companies to research? Thanks!
Great interview
Pierre Lassonde opened my eyes YEARS YEARS AGO. I Never forgot and I am ALways grateful for his insights
Has he been right though?
Great info.
Once all those banks that lent out 120% LTV on those overpriced cars realize that money ain't coming back, they're going to have fun telling their shareholders we have to go to the government for a welfare bailout again.
Probably a bail in this time…
@@Bigsparky710 Was at a service center recently, and literally, no desks were occupied in the sales room. There was 0 traffic.
In other words, tax payers holding the bag.
@@shirleyy2711 If voters care - if - let congress know. You pay the taxes. No need for a bail in if the public fights. Nah, they never do. It's too much work! LOL
U mean bail in
Why are there no charts for the other assets he mentioned
I always enjoy listening to Pierre. Great convo!
Michelle you look absolutely stunning 😵💫
Switching from left to right-handed in golf - now that’s a challenge!!
I bought my first house in 1999 with a 30-year fixed at 8.25%. The world didn't end.
First house 1983. 18%. 80k.
You can’t compare that to going from 2% to 7% in a year. The whole system is fragile and overloaded with debt.
@@lawlcosteroflulz Good point. Rate of change has been brutal.
8.25% when the house is cheap is better than 7% when the housing price inflated by 40%.
No but it got a lot worse, and gold has gone up since then.
Beware the Ides of March
Yes, Julius...
No
Stellar interview
First class interview. Very thorough. Top marks.
EB is always a great educator..Thanks David 🎉
wonderful interviewer.
Pierre is a legendary person. He's probably forget more about mining, than I can learn. Thanks KITCO. Michelle looks great......as usual 😉
A really Interesting interview. Thanks.
Thank you!
Excellent interview with a lucid minded gentlemen 👍🏻
I remember years ago watching a documentary on China buying metals from American junkyards. Made perfect sense. Why mine for metals when you can buy processed steel etc and reuse it. Junkyards were more than happy to sell it.
But the quality of that recycled Chinese steel was a choice between bad and worse as I remember and a welders nightmare
@@michaelrhodes6461 You think China came to power focused on quality? It’s quantity. In this economy it’s about quantity
This gentleman uses very sound logic & reason ...something the stock market seems to lack often.
great interview.....I could listen to characters like him,and Ross Beatty all day
It was Powell who said "we are not going back to the same economy". And it is as if the housing and car recessionary trend is paving the way for the inflationary energetic transition because "climate".
Very informative…Michelle is a brilliant interviewer and gets the most out of all of her guests.
Hi Michelle and Mr. Lausanne
For those of you who are swing trading think about this. If this gentleman's prediction about the direction of the US dollar causing a 30-40% increase in the gold price is correct, then do you actually believe BTC or even the crapcoins will underperform gold?
Hi Michelle and Mr. Lassonde
Very interesting and informative I like his views
It was inflated 30% by design and now it’s not crashing it’s balancing back to normal
Hello 👋 how are you doing today? I hope this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Forth Worth Texas, currently living in Key West Florida. Where are you from if i may ask?
The host is really good.
Great authoritative input
Respectfully disagree. The monetary use of gold should far outweigh jewelry
Rates will stay high for a long time don’t see pivot in years to come. Looking back 2-5% rates are unprecedented. Expect over 5 for decade
Emissions timeframe of 1.5 c, how many years?
MiMa ❤ is looking extra pretty in this interview. I’m liking the miners- gold and Crypto 👌
Hard to find this sensible of discussion from actual gold and energy bugs. 👏
Michell shatters the info-babe stereotype again. She is very on point & knowledgeable.
I can't wait
Well said.
It's clear that the stock market is facing significant challenges in the coming years, and investors need to be prepared for a potential downturn. Lassonde's focus on gold, silver, and other commodities is an interesting strategy, and it will be fascinating to see how his predictions play out. It's always valuable to stay informed and stay ahead of the curve when it comes to investing.
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
An elegant gentleman who surely knows his stuff.
Thanks. Just on the point that mining for Copper will help/reduce the amount of Carbon released to the world, copper is used to transmit electricity from generator to users. The implication that another power station will reduce carbon is IMO wrong. If we need power then so be it. One thing for sure is conventional generated power from fossil fuels is not viable so the only alternative is Nuclear power. Copper is needed no matter how electricity is generated!
I never thought of gold being driven by disposable income in the voluntary purchase of jewelry and gift items. In a recession people need to sell gold to get the money to finance their debts, which puts more gold on the market.
Gold is over bought? Probably $1500
A great insight for future
Markets will get pumped up all year til end of year,bad thing is rates will probably double with biggest repo we've had any many without jobs
This guy know as much as I do about everything. 😂
Michelle is the best.
Hello 👋 how are you doing today? I hope this year brings happiness, peace and love all over the world 🌎 I’m originally from Canada 🇨🇦 grow up in Forth Worth Texas, currently living in Key West Florida. Where are you from if i may ask?
@@Armstrongsteve302 how is life as a scam bot going?
LEGEND!
Very objective approach
Will the airline prices also crash that are up 100%
they may go up more.
travel now
When will Michelle come out with a swimsuit calendar? I will buy 100 copies!
I don't know. Maybe you should ask her when such a calendar will come out.
At this point, being “honored” by the Canadian government is not a good thing.
I have invested on presale, we will see I am also very confident this will be easiest 100x.
Who is right: Mike Maloney who argues that when the dollar suffers the silver rate will grow faster than gold and all other metals temporarily? Or should we believe Pierre, who argues silver isnt really going anywhere?
My input is that Pierre's view on silver is too simplified. He argues that it requires more storage, but there is a disconnect here. Silver is considered poor man's gold, so why argue the storage argument for the masses as if we're addressing institutions rather than billions of people who will own perhaps no more than a few hundred ounces each household?
Pierre should have also addressed India's importing of silver at a record pace...
So once upon a time, I owned two cars. There were even times I was flexing driving one while driving past the other. Then crypto and stocks crashed 6 months later and I had to sell one and the other became faulty so I went back to cycling. It is really not your money until you sell, just online numbers until it hit your bank. Be humble because your life can change any minute...
Lol turn off Ben Shapiro lol
I like that Michelle challenges these big dogs, yet allows them to talk.
30t in debt plus 100t dollard unaccounted in the euro dollard system
There are many things the mining industry could do (Mining Standrards) to speed up the environmental approval process.
The Provinces and Territories of Canada and the federal government need to streamline the process so the mining industries follow the same steps for each province and territory.
Some of the most insightful guests - every time - thx for the detailed global perspectives KITCO !
Absolutely wrong. They will hold the markers steady at 33-34,000 with backdoor support.
9:47 😊
Green 💚 is beautiful
That's Gold Jerry Gold!
Everything crashes once they figure it out not to print any more money.
Kinross Gold is great value and pays a good dividend while you wait...
If we don't get it out of the ground it gets more expensive, funny that.
Right hand writing and Left hand side for sports...... I'm in good company and I thought I was the only one.