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 (
Follow Kitco News on Twitter: @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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Kitco NEWS is a global news network based in Montreal, with bureaus in New York, Hong Kong, New Mexico, London and Vancouver. Since 2009, our journalists have helped investors make informed decisions through in-depth reporting, daily market updates, and interviews with key industry figures. We aim to accurately and impartially cover the economy, stock markets, commodities, cryptocurrencies, mining and metals.
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48 Comments
Still no sign of the crash, so who's fooling whom
Try again
This aged well
2023 IS OVER AND STILL WHERE IS THE 30% CRASH, UTTERLY DISAPPOINTING THAT PEOPLE GO BEYOND THEIR CAPABILITY AND THERE ARE IDIOTS LISTENING TO ALL THIS
Yeah, almost right.
25%
higher!
😄 😆 😂
Shite
Didn’t age well 😂
I wonder why people make such gross statemeents, so where are we, di dmarkets drop by 30%, has the world been destroyed, so doomsdayers make money out of fear, and looks like this one was to create fear ?
still waiting
Half of 2023 gone and still no crash. No sign of a US recession either. Let's check back again in September.
Precious metals snake oil salesman are calling in gloom and doom again. Yawn.
First class interview. Very thorough. Top marks.
XCLNT Presentation
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.
Sooner than later!❤❤❤❤
More effective means to hurt the WOKE CORPORATE GLOBALIST MARXIST OLIGARCHS by crashing the MARKET CONTROLLED BY BLACKROCK, STATESTREET, BERKSHIRE HATHAWAY!!
MAKE THE CRIMINALS IN WALLSTREET POOR!!
MAKE THE 5 PERCENTERS POOR, AND HAVE THEM JUMP FROM TOP FLOOR!
I always enjoy listening to Pierre. Great convo!
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. <It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
The Canadian Government isn't considering Mining expansion for a greener world, thats ludicrous and antithetical, the Canadian Government realizes that the collapse of the Western Lead Debt & derivative based financial system is collapsing. Which is ushering in the Eastern Lead Multi polar world, based on Commodities, Manufacturing and Product out put. (aka real economies back be real assets) Canada like Saudi are getting ready to partner with the BRICS, which have a clearly defined Global Growth Model rather keep all their eggs in the Anglo American Military & Fake Financial empire, which is in rapid decline across the world.
John Galt to the bureaucrat, "get out of our way" They don't intend for us to own an electric car or to travel at all "WEF policy "you will own nothing and be happy" is the real agenda and the rest "green" is a smoke screen.
EB is always a great educator..Thanks David 🎉
Emissions timeframe of 1.5 c, how many years?
Needing an ecological expertise to access mining
There an individual interest in mining
Philanthropic in arts!
Stocks have risen 400-500% since 2008/2009 and you are crying about a 30% maybe drop!?
You obviously have too much time on your hands…lol
He is very positive with his stocks
Hi Michelle and Mr. Lassonde
As an American, I hope the dollar crashes, along with every single other fiat currency. Enough is enough.
Well said.
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.
21:03 😂seriously these idiots th8nk that west represent democracy. Yeah loonies high in their dreams. These idiots fail to realise that gold was replaced with petrol ⛽️ to back dollar. But too much of us meddling into other people's problems has given rise to petrol backed roubles.
9:47 😊
It would be great if there were voices from knowlegable and exceptional visionaries to add that some near fifty millions of food coupons recipients are the most unrecognized potential for investing of all.
Very objective approach
Copper, Silver, gas and oil is were i made a shit load of cash😁
How much does Michelle Makori get hit on at these events you think?
Gold $2400 in 5 years is not bullish at all . Thats well under real inflation rate. You would need gold at $3200 in 5 years just to match real inflation
the Yuan backed by gold will be the east money competition to US dollars
Silver stackers = losers vs gold
BRICS has 13 other countries in it will bring the USD to it's knees ….Suadi Arabia has singed an MOU. for billions and to join .
Another guy with an opinion, who is also a psychic.
Don't listen to these kind of prediction they know like all of us nothing but they cause us huge panic. Good luck
Predicted on the inet ions ago…
Great authoritative input
Next five years? Again?
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.
The only mining industry the Biden industry does not hate and throttle is lithium.
Has fallen…….