Legendary Pierre Lassonde Says Super-Wealthy Now Buying Massive Positions In The Gold Sector

Monday, November 9, 2015
By Paul Martin

Nov. 8, 2015

With the price of gold and silver tumbling recently, today legendary Pierre Lassonde told King World News that the super-wealthy are now buying massive positions in the gold sector.

Lassonde is arguably the greatest company builder in the history of the mining sector. He is past president of Newmont Mining, former chairman of the World Gold Council and current chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.

The Reemergence Of The Gold Bull

Eric King: “Pierre, this long, cyclical bear phase inside of the secular bull market in gold has frustrated a lot of bulls. This bear phase has lasted longer than the mid-cycle correction in the 1970s, and we’ve seen some of the greats like Frank Giustra, who believed the bear phase ended some time ago, make significants bets in the sectors. But that’s not really that abnormal for the great ones to aggressively position themselves a bit ahead of the final lows. Your thoughts on where gold is headed from here.”

Pierre Lassonde: “I became more positive in September, and I really believed that we had seen the lows. I did not give more than a 5 percent chance that gold was going to break $1,120 – $1,130, and yet it has…

The Rest…HERE

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