The U.S. is likely to face a recession by the end of this year or early next year, according to mining industry veteran Pierre Lassonde. Speaking with our Daniela Cambone, he highlights the concerning trend of the U.S. government accumulating $2 trillion in debt annually without a visible solution in sight. Lassonde predicts a decline in the U.S. dollar, which could drive up the value of gold. Additionally, he addresses the challenges confronting the Canadian mining industry, including the lack of investment from major pension funds, known as the Maple 8. Tune in to the insightful interview to discover strategies for safeguarding your wealth in these uncertain times.
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📖 CHAPTERS:
0:00 Gold
2:28 Gold ETFs vs Bitcoin
5:39 Out of the Dollar, into Gold
7:17 Gold as the Anti-Dollar
10:20 Demand for Gold
12:58 Canadian Pension Funds
18:56 Investment in Canada
22:26 Federal Reserve and Interest Rates
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22 Comments
We are still waiting for the collapse , that never happens
Daniela for prime minister!
Your looking exceptional tongiht DC !
JT is a WEF Nazi deliberately destroying Canada.
The danger with gold is that it encourages Colonial occupation of gold Rich regions. I see this as being behind the slaughter in Sudan. First Russia tried to take over the gold mines, and now you have us back to proxies taking over this area
The amount of Gold produced in the US and Russia is about 700 tons a year, that's worth about 35 billion dollars. We are producing three times more today than during the gold rush. The price cannot sky rocket -he's a mathematical illiterate.
As for the dollar, with a 2.4T deficit the economy cannot collapse and with China going down fast – the dollar will stay stable enough, declining about 7% a year in real terms. A big ship doesn't move very fast. The CRE market may collapse completely but that will be depressive not causing gold to go up.
The biggest mistake of the US was to freeze Russia assets. Then Russia asked China to be a solid team to create a dedolarization system in order to the USD wouldn't be able to use as weapon to destroy any countries. Russia & China are smart countries. I think Biden is the stupidest President ever in the US
Lassonde's father was John Gielgud.
Love the show !
Gold and silver are barbarous relics. The u.s. dollar is the place to be for any modern, sophisticated, and civilized person. (sarcasm)
I'm sure I heard him drop the F**# bomb at the 15 minute mark,
Gold 🪙 👍
The world never had money system's like today. How they manage lt. 😢😂 It's the whole world's fault doing the same thing.
I'd like to know what the direction of the lobbyist are pushing for to follow the money.
History shows that owning physical PMs in times of turmoil is a wise move. Read the Fourth Turning by Strauss and Howe or When Money Dies by Adam Fergusson or any other great book on the subject.
Thats idiotcrazy sell gold buy Shiba inu!!
🤣🤣🤣
Keep betting on the spiral. It will eventually work out for you. And gold is going to $15,000 an ounce.
Shills
People on her show, particularly Gareth Soloway, have been hawking gold up to $3000 an ounce for the last year. They've all been wrong.
lm going to sell off all my
junior gold companies and wait till a change in major government
mam, you hav'nt done an intervu with mahendra sharma on silver? cycle starting? rafi farber calling $280!!
mam, you hav'nt done an intervu with mahendra sharma on silver? cycle starting? rafi farber calling $280!!