Legend Pierre Lassonde Says Price Of Gold To Skyrocket Because Of China’s Gold Exchange
KingWorldNews.com
May 28, 2016
With the price of gold and silver pulling back and consolidating recent gains, today legendary Pierre Lassonde spoke with King World News and predicted that the price of gold will skyrocket because as China’s Gold Exchange becomes like a casino.
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.
Eric King: “Talk about this next leg of the gold bull market and give me an idea of what you expect to see because this is a secular bull market and now we are going into that final leg. It’s going to be rowdy on the upside, isn’t it, Pierre?”
Pierre Lassonde: “The center of gold trading is moving to China, and between India and China that comprises more than 50 percent of the physical gold market. China has a Shanghai Gold Exchange, and that exchange is going to become sort of like a casino…
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