Metals economics group strategies for gold reserves replacement 2012. Watch video interview with our founder, pierre lassonde. A mine is a hole in the ground with a fool at the bottom and a crook at the top. Orla mining is in the gold sub industry group under the basic materials sector. Pierre lassonde, chairman of franconevada corporation fnv and former chairman of the world gold council, tells financial sense newshour that gold is at a tipping point with china a key decider in which direction it goes. What have been the biggest changes in gold investment since then. Gold prices, exploration and the importance of china. The gold book by pierre lassonde, 1990, penguin edition, in english.
The dollar milkshake theory brent johnson duration. Investing, lassonde says, is about keeping your eyes firmly on the ball and not the. They began in 2004 and went from zero all the way up to over 2,650 tons of. The complete investment guide to precious metals, published in 1990. The gold book is a comprehensive guide for every investor, whether your buying a few coins. In addition, lassonde authored in 1990 the gold book. France and other european nations were redeeming u. He made his money in a flat to declining market gold market, but the gold he really discovered was the royalty business. Looking ahead 30 years, pierre believes the yellow metal could average. The two are certified superstars of the resource sector. The canadian native has since become a millionaire, one of the most famous gold investors in the world, and one of the biggest. While a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said pierre lassonde, chairman of franconevada corp. Pierre lassondes presentation from the spring 2016 grants conference titled, gold.
Pierre lassonde has come a long way since attending the university of utah in 1971 to pursue an mba degree while his late wife claudette mackaylassonde studied nuclear engineering. Lassonde noted that investors, especially in europe, prefer goldbacked etfs that provide a positive returns over other safe haven assets in europe, like treasury bonds, that right now pay a negative interst rate. Apr 14, 2020 pierre lassonde cofounded franconevada mining corporation in 1982. The company also invests in mineral exploration companies in the form of purchases of shares. Pierre lassonde, philanthropist and talented businessman, is recognized as one of canadas foremost experts in the area of mining and precious metals. Pierre lassonde mining foundation of the southwest. In may we laid out the case that a new cyclical bull market in gold had begun winwin case for a bull market in gold part 1 as an investment advisor or individual, you may be looking for a lower risk way to invest in gold. He is past chair of the world gold council, author of the gold book and has served on many mining boards and industry committees and is recognized for his philanthropy. Gold is where it should be pierre lassonde youtube. Sep 23, 2019 i think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Jun 27, 2014 this week, we take a look at buying in new gold inc. Three decades later, he is as confident in this model as ever, especially considering the difficulties of the majors in discovering large, highgrade reserves. Pierre lassonde has come a long way since attending the university of utah in 1971 to pursue an mba degree while his late wife claudette mackay lassonde studied nuclear engineering.
Pierre lassonde was elected president of newmont mining corporation. Oh, for a journalist who would put a few serious questions to franconevada chairman pierre lassonde, former chairman of the world gold council, when he says, as he told daniela cambone of kitco news this week, that gold is wellpriced and where it should be. Pierre lassonde by robert bishop september 21, 2005 print pierre lassonde is president of newmont mining, the worlds largest gold producer, a role he assumed in 2002 following the merger of newmont, normandy mining, and franconevada. The virtually unknown gold investment i want to tell you about was pioneered by a canadian named pierre lassonde. Franco nevadas chairman speaks frankly to mineweb about why he thinks gold prices are likely to continue climbing, the need for new exploration technology and the changing role of gold as investment. Gold demand in china has been related to the growth in gross domestic product gdp. Lassonde industries management team includes the following people.
Wyatt earp, frontier marshalour ageless constitution david stedman. He served as chairman of the world gold council from 2005 to 2009. Lassonde also acted as chairman of the world gold council. Interview by kevin michael grace of the gold report. Lassonde likes the gold price with central banks rigging the market by chris powell gata dear friend of gata and gold.
Dec 30, 2014 ali miremadi rated it really liked it. Represents 189 gold deposits discovered since 1990, each with at least 2m oz of gold in total reserves, resources and past production or at least 1m oz in reserves. Gold is the quintessential inflation hedge and insurance policy against political and economic turmoil. I feel extraordinarily blessed to be able to call seymour and pierre my friends. Founding donor pierre lassonde is the founding donor of the school that bears his name. Mining cycles are good for royalty companies and investors 52114 pierre lassonde revolutionized investing with the creation of the first gold royalty company. The canadian native has since become a millionaire, one of the most famous gold investors in the world, and one of the biggest donors to the u and the david eccles. Pierre lassonde cofounded franconevada mining corporation in 1982.
Pierre lassonde increases ownership in foran mining inn. The first biggest change is the development of gold exchangetraded funds etfs. Lassonde likes the gold price with central banks rigging. This year marked the 30th anniversary of the denver gold forum dgf, the worlds most prestigious precious metal equities investment. Lassonde likes the gold price with central banks rigging the. But beyond that, theyre just exceptional human beings, both of them loving husbands and fathers. The complete investment guide to precious metals pierre lassonde pdf free gold has been utilized as a kind of currency or store of value considering that human civilization initial started over 4000 years earlier. Jun 05, 2015 pierre lassonde, chairman of franconevada corporation fnv and former chairman of the world gold council, tells financial sense newshour that gold is at a tipping point with china a key decider in which direction it goes. Lassonde served as chairman of the world gold council from 2005 to 2009. Lassonde is also a highly active and engaged philanthropist in canada and the u.
Interesting interview with a great investor, pierre lassonde. Photo by paul taggartbloomberg photo by paul taggart. Philanthropy edit lassonde is an active and engaged philanthropist in both canada and the united states in the fields of education, the arts and the community in which he lives. The complete investment guide to precious metals and a noted philanthropist, lassonde is a member of the canadian mining hall of. Mar 01, 2018 lassonde likes the gold price with central banks rigging the market by chris powell gata dear friend of gata and gold. Polytechnique 1971, mba, university of utah 1973, peng ont 1976 and cfa, university of virginia, 1984.
Pierre paul lassonde, nonindependent chairman of the board, chief executive officer age 69 jean gattuso, president, chief operating officer. Over the next 20 years franco provided shareholders with a 36% annualized rate of return. Jan 06, 2016 i feel extraordinarily blessed to be able to call seymour and pierre my friends. Pierre lassonde named new chair of the board of canada council. The complete investment guide to precious metals in 1990. Jun 15, 2018 while a much higher gold price is needed to bring bullish sentiment back into the mining space, the yellow metal is already fairly priced, said pierre lassonde, chairman of franconevada corp. Apr 28, 2011 the gold book by pierre lassonde, 1990, penguin edition, in english. For more than a decade, each 1% growth in gdp resulted in 1. Lassonde is arguably the greatest company builder in the history of the mining sector. Pierre lassonde current chairman of franco nevada he was president of newmont mining corporation from 2002 to 2006 and prior to that from 1982 to 2002 was a cofounder and coceo of the original franconevada. Pierre also discusses the dow gold ratio and how this has helped investors know when to buy and when to sell. Like its predecessor company, osisko mining, it is headquartered in montreal, quebec, with shares listed on the toronto stock exchange and. They began in 2004 and went from zero all the way up to over 2,650 tons of gold. He is past chair of the world gold council, has served on many mining boards and is recognized for his philanthropy.
Industry veteran buys at new gold the globe and mail. I think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Gold demand diversity and growth 20062015 global growth in consumer demand. Apr 15, 2016 pierre lassondes presentation from the spring 2016 grants conference titled, gold. This week, we take a look at buying in new gold inc. The complete investment guide to precious metals financial times personal finance library pierre lassonde on. Gold legend pierre lassonde sounds unphased by the correction in an interview with king world news. Mark mcneil, chief executive officer clement pappas and company, inc. February 23, 2018 in my last post, the holy grail investment formula part 1, we came to the conclusion that if you focus your investments in high quality wonderful businesses you can earn better returns than investing in low quality companies. Last year, however, the growth was more like 2% or 2. The complete investment guide to precious metals financial times personal finance library paperback january 1, 1990 by pierre lassonde author.
Pierre also discusses the dowgold ratio and how this has helped investors know when to buy and when to sell. The complete investment guide to precious metals pierre lassonde pdf free top funds. Gold was going up too fast, it needed a breather, it needed a correction to be able to stay in. The gold book is a comprehensive guide for every investor, whether your buying a few coins or plunging into the world of gold mining stocks. The investment you never knew pierre lassonde slides. Guy blanchette, chief financial officer, executive vice president. About pierre lassonde lassonde entrepreneur institute.
Lassonde now owns or exercises control and direction over. Austrian economics books, gold books, investment books. Lassonde is an active and engaged philanthropist in both canada and the united states in the fields of education, the arts and the community in which he lives. Pierre lassonde announced a recent purchase of 931,500 common shares of foran mining corporation tsxv. Pierres the gold book, published in 1990, is a seminal masterpiece on the topic of gold investing.
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