Gold Telegraph
@GoldTelegraph
GOLD TELEGRAPH CONVERSATIONS #2: BILLIONAIRE PIERRE LASSONDE.
“The gold price will ultimately be decided not in the United States, but in the East.” – Pierre Lassonde
Mining legend and tycoon Pierre Lassonde joins me for a compelling conversation, sharing insights and incredible career stories.
Pierre Lassonde is a businessman, mining tycoon, and philanthropist.
In 1982, he co-founded Franco-Nevada, revolutionizing the mining industry with the royalty and streaming business model. Under his leadership, Franco-Nevada became the world’s leading gold-focused royalty company.
Today the company has a market cap of nearly $25 billion in US dollars.
In 1998, Pierre Lassonde was inducted into the Canadian Mining Hall of Fame, and in 2002, he was honored as a Member of the Order of Canada.
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Beyond his business achievements, he is a dedicated philanthropist.
In our conversation, we dive into riveting stories from the early days of Franco-Nevada, where Pierre and his partner Seymour Schulich took bold, game-changing risks.
One unforgettable tale is their first royalty purchase—a daring $2 million deal that emptied their treasury but turned into a legendary success, generating over $1 billion and unearthing a staggering 50 million ounces of gold. It’s a true testament to visionary thinking and the rewards of fearless decision-making.
Other topics we cover include:
• Geopolitics
• Resource Nationalism
• Trade Wars & Tariffs
• The Outlook for Gold Over the Next Four Years
• BRICS
• The East’s Rising Influence on Gold Pricing
• Canadian Pension Funds
• Empires
…and much more!
TIMESTAMPS:
0:38 – When did Pierre develop his interest in mining?
3:58 – What did Pierre learn from his first two mining investments—one a 10x success and the other a total loss
5:49 – The early days of building Franco-Nevada
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16:23 – The global race for critical metals and the rising risk of resource nationalism
20:18 – Natural resource self-sufficiency
23:04 – The impact of BRICS on gold demand and pricing
25:16 – His outlook on gold over the next four years, considering potential trade wars and tariffs.
27:09 – Digital currencies and gold
28:35 – The influence of the Shanghai Gold Exchange and the East on the global gold market
33:11 – United States debt and fiscal position
35:17 – Central banks shifting from treasuries to gold
37:32 – The failure of Canadian pension funds in supporting the country’s mining industry
41:21 – What Canadians can do to address this issue and its potential impact on the country if resolved
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44:51 – The iconic Lassonde Curve: Adjustments for today’s challenging market conditions and key takeaways for investors.
52:27 – The future of copper
54:50 – Companies Pierre is focused on
59:03 – What excites Pierre the most about the future?
GOLD TELEGRAPH CONVERSATIONS #2:
— Gold Telegraph ⚡ (@GoldTelegraph_) December 12, 2024
BILLIONAIRE PIERRE LASSONDE.
"The gold price will ultimately be decided not in the United States, but in the East." – Pierre Lassonde
Mining legend and tycoon Pierre Lassonde joins me for a compelling conversation, sharing insights and… pic.twitter.com/EssszZOg43
Source(s):
https://x.com/GoldTelegraph_/status/1867307651031261417
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