#55 - Pierre Lassonde (Trump, Gold, AI & Inflation)

[@DianaLuiz-o1z]

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

[@leojack9090]

Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver, stocks and digital currencies are also good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..

[@hasede-lg9hj]

Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.

[@lowcostfresh2266]

@@hasede-lg9hj this is all new to me, where do I find a fiduciary, can you recommend any?

[@lowcostfresh2266]

this is all new to me, where do I find a fiduciary, can you recommend any?

[@hasede-lg9hj]

Rebecca Lynne Buie is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@DenisLaviolette]

So much fun having Pierre on, he's a living legend. Was a genuine pleasure!

[@jerryantonies5334]

I have Been follower of Pierre for many years( I hold a great deal of FNV) my largest holdings of stock. Pierre is my mentor, directing me towards wealth and he has not been wrong yet . Trump president will push gold into the stratosphere. I stay with Pierre’s word because it’s been a proven profit maker for me. Before Pierre I lost a lot of money in gold mining stocks but not anymore. Thank you Pierre for your wonderful guidance.

[@davebellamy4867]

Olivut diamonds.😢

[@sturost3769]

…25 minutes in and no mention of silver?? The most undervalued asset on the planet??🤔 Not impressed.

[@brumy9]

Silver is for appreciation. Solar energy, weaponry's, industrial & currency use, etc. Plus Supply shortage.

[@joesterkis1841]

If the country does poorly gold does best.this gentleman is correct

[@CarloYau-ip5gt]

Saving this interview, really good to see Pierre Lassonde's view.

[@synthx1247]

Why wouldn't Crypto be around in 10 years, where all transactions will be on block chains say Xrp,XLM,hbar algo & rest of regulated coins. He doesn't makes sense there.We know gold will be there,I agree there. Please explain??

[@joeharvie8362]

Stick to bitcoin.

[@MrSymbolic7]

The only problem with Pierre argument is that there was NO CRYPTO in the Seventies ( yes , I was a teenager , Silver /Gold and that was it ) but the one hangover from the Seventies that still exist today is the Futures Market and just this morning Monday 11-25 -24 Gold is down $83/ 3.0% an ounce and falling fast ! But the DXY is down just .74 or .70% and Bitcoin is down 1,600 or 1.70% , it's easy to see which asset has the most pressure on it and the Futures route started Sunday Night and just kept getting worse , so Gold has the same headwind from the Seventies , plus the mind control of the Crypto crowd is simply overwhelming and Trump is leading the Crypto insanity charge as well !

[@davebellamy4867]

Wow, I was thinking this. It's an elephant in the room and there is no segment on it. So the USA isn't going to sell 1200 tonnes of their "gold reserves" to buy 1m Bitcoin? That's at today's prices.

[@MAC-vi7fy]

Crypto is inherently not long term. Shor’s algorithm gives a clear path to crack private keys. As soon as quantum computing gets mainstream which is gonna happen in max 30-50 years. Every bitcoin in world would be insecure.

[@choosiewhoo1700]

The best of gold is coming for the next four years ! 😮😮😮

[@jameswatson4865]

If the interviewer voted in the US, it's a clear example of how people had no clue what they were voting for. All his assumptions about who would deliver what meant he made no effort to read the platforms.

[@BlueWaterSTAX]

Fascinating discussion. This interview is going VIRAL in the States. I've heard people Quoting Pierre. Happy Holidays 👌

[@stevehowie4564]

Pierre for prime minister 🎉

[@davebellamy4867]

I saw Pierre Lassonde. I clicked. Period. I wanted him to tell me why Trump the self proclaimed "crypto king" won't eat gold's lunch.

[@ceocafilm]

Thanks for watching! If you found value, hit like and subscribe for more CrashLabs episodes.

[@CalifornianOnEEurope]

Interviewer is immature and should shut up and just listen. Egoistical behavior irritating. You are no legend so shut the ... Up

[@leonardredenbach7547]

Pierre great interview just on southern cross what a great find I live locally the Sunday creek runs at the back of my place been a keen prospector in that area for many years gold was discovered in the area in the 1850s BHP surveyed the area back in the 1980s the conclusion it was extremely rich but lt backs onto the water supply to Melbourne which is less than 60 klms away they will have trouble getting miners rights to mine also very hilly country Hope it goes ahead will be great for our little town Broadford Victoria Australia

[@peterlewis7527]

Hi mate, what is the ASX code for the Southern Cross that you and Pierre have mentioned?

[@michaellutherdavies]

I started buying gold in 1972 and still stacking

[@emmanuelharel]

Is Pierre Lassonde aware of bitcoin national reserve ? Is it a question of generation not to be interested in this kind of assets ?

[@philmelb1022]

What about crypto taking gold investing away? Any answer on that.

[@davebellamy4867]

Nope.

[@jean-claude7491]

When Trump won and Gold tanked I said to myself WTF, Is everyone watching the same movie as me?. I just added to my Gold position on this sell off, its a gift form the Gold gods.

[@scottolsen1964]

Great interview… I am convinced agriculture is about to turn sideways. People will realize plants are not our food and pasture raised meats will be all the rage. Making soil, wiping out chronic health diseases and all seed oils. Loving the future.

[@HML-it7te]

100% spot on. SO much future for regenerative farming-if “we (humanity)” are smart enough to embrace it is another question.

[@DenisLaviolette]

Totally agree. Re agriculture.

[@davebellamy4867]

Please may it be so.

[@christianboisvert9455]

Normaly i get out after 5 or 10 minutes. But this one i couldn't leave. Great enterview.

[@ceocafilm]

Thanks for watching Christian!

[@douglas2835]

Obviously, he's an iconic metals guy. However, I can't say I agree that crypto is going to zero because "if the grid goes down, you have nothing." But "Cooper is the greatest metal because of the grid." If you hate crypto because the grid could go down, you have to hate cooper because the grid can go down.

[@davebellamy4867]

I think so too.

[@deathcheater9303]

In addition to Copper, Aluminum is also used in construction for conducting electrical. I’m an Electrician by trade

[@fhthecat7898]

The interviewer should check his ego. When you have the opportunity to interview a legend, just ask short questions and let him speak. We really don't care what YOU think

[@weezkidtube]

He's got a lot of things he needs to polish up on. Foot facing Pierre. Fidgety. Etc.

[@stuartmckenzie8095]

Stop it this is a man talking to a man (forget money) do you think he gives a shit about a foot, this man is way past egotistical fools.

[@sturost3769]

Lol stupid comment.

[@michaelmcmahon7464]

Pierre lassonde and Seymour Schulich .Bernard Condon,in an article in Forbes magazine in 2002,said,"the two founders of Franco-Nevada compliment each other.Schulich instinctively looks for ways to protect the downside in a deal,Lassonde,one of canada's top gold-fund manager,has a good feel for where the metal is buried" I admire the generosity of Seymour Schulich in his giving to schools and colleges all over Canada.

[@patmortensen3829]

Great discussion. Thank you both.

[@BuiltByBraz]

This is FANTASTIC! Such a great chat. How about SPOT's royalty holdings... Only a matter of time... $2 million to >$1billion?

[@dassa0069]

I started buying gold in 1965 at about $30 per ounce; still buying.

[@africaunite6157]

Ok

[@travisli-rufus1949]

You are probably around 80 yrs old?

[@CalifornianOnEEurope]

Just curious...how many ounces u saved?

[@andyO4you]

He probably have 10 oz. :) joking. But, keep it up.

[@CalifornianOnEEurope]

@@andyO4you I am asking since I want to know how much I need to amass by that age. Genuine question

[@nutskishore]

Fantastic conversation with Pierre 😂😂😂. Loved the way he says "I LOVE GOLD"

[@ceocafilm]

I love gold - Goldmember and Pierre Lassonde

[@davebellamy4867]

It's been good to him.

[@davebellamy4867]

​@@ceocafilm​Lucky and good work to get to interview this giant figure.

[@billfrank9580]

Pierre run for PM!

[@DanielCook-em8fo]

Starting at 44 minutes they talk Natural Gas as Canada's untapped resource and advantages to shipping LNG over cold water. Quebec's ban on gas?? Everybody knows but Quebec's Superior Court has already ruled the ban illegal! Consider Questerre Energy (QEC, TSX) as a way to play the opening and as Denis says -- I can't stake. QEC is a way and Quebec is losing their lawsuit against Questerre.

[@JesusGonzalez-oh1nh]

My money is on Gold All year Long!!! It’s preservation of wealth for the long haul & future & time of crisis & inflation!!!

[@ronrussenberger5085]

This guy is epic , holy cow ! Thank you

[@davebellamy4867]

Wow, so the USA isn't going to sell 1200 tonnes of their "gold reserves" to buy 1m Bitcoin? That's at today's prices.

[@hicrhodushicsalta6648]

Norway has oil. What about Switzerland? They have money laundring machines.

[@hicrhodushicsalta6648]

Have a look at the prices in Switzerland. Everyone is desperate to buy things in France, Austria and Germany, because there the price if goods is 1/3 of those in Switzerland. The police at the frontier is not haunting immigrants but "citizens with their cars filled with goods "bought in germany".

[@Befree7777]

There has been a high correlation between the inflation rate and yields on government debt. So we are talking about breaking this correlation. If that were to happen then the government would soon get into a world of hurt but they have tools at their disposal such as to increase capital requirement on Banks or pension funds to buy government debt, impose capital controls in general or reversing QT. I believe that is called, correct me if I'm wrong, financial repression. In this way government engineers yields on government debt that is lower than inflation. Yields currently sitting at around 4.5% would imply inflation of around 6%. My advice to anyone feeling the heat in this inflation, diversify in Crypto and Gold and just trade long term more than ever, I have made over 720k from day trading with Seren Wintersun in few weeks, this is one of the best medium to backup your assets incase it goes bearish..

[@Befree7777]

SHE IS ON TELE GRAM.

[@Befree7777]

@Serenwintersun

[@Mikeygrady]

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Seren’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

[@georgigeorgiev6521]

Always backup your trading with a good strategy.

[@2Luisalvarado]

Nice, I was just hoding before I found Wintersun. In my opinion she is the very best out there.

[@maestroroshi4070]

Great talk

[@mauricerenoux5631]

Dommage que l’intervieweur ne soit pas du calibre de l’interviewé.

[@verschlossinvestments1344]

Australia is following WEF 100%

[@peterlewis7527]

Which is a really bad idea from our corrupt communist criminal tyrannical puppet government serving its unelected global elite masters.

[@chrish9311]

He's an engineer but can't spot that Optimus robot is a total fraud? And doesn't know that real robots have already dominated manufacturing for decades? Ever heard of Kuka or ABB? Invalidates the rest of the discussion tbh...

[@jdizzle6324]

Great convo…

[@alexkuhnert6856]

Great interview! Thank you. Mines make real money. Global scale tier 1 base metals projects - are local central banks...and that is why the 'Stick'em Ups' by local politicos happen all the time - like Cobre Panama, Mali, Tanzania, Indonesia...etc. Thank you for teaching us - the value of real metals as real money - for the long term. If people look at what the central banks are actually DOING as opposed to speaking about - our people will be wealthier. The Swiss example is Great.

[@davebellamy4867]

Those huge microphone booms look like equipment you could use in a gold mining operation!😂

[@zsoltszopko9817]

Good news for gold!!!!!!!!

[@Richard-ez6nf]

Pierre always tells it like it is

[@carlsagasser2525]

I believe Trump will get Judy Shelton to the FED and they will propose bonds linked to gold. The US has fully 1/3 of bonds coming due for refinance at much higher rates per the next 12 months or so. That is 12T. The interest cost is going to moon so an anchor is needed.

[@farmerdude3578]

Or revalue gold. Allows debt to gdp to drop from 120 to a safe 70

[@davebellamy4867]

Dude is gonna buy Bitcoin and the vast gains will pay off the fabulous amount of debt already accrued. Or maybe not.

[@smpyyz]

Pierre forgot to mention Trump likes near zero interest rates

[@drmodestoesq]

Also, Trump says he's the King of Debt. And when asked about the trillions in debt the US is in his response was, "I don't care, I won't be around." Spoken like a true Baby Boomer.

[@mattfinch8024]

Trump don’t set interest rates the 10 year market does

[@rgg8044]

Excellent ❤🎉

[@postmanlondon]

What is the effect on the stock market though?

[@mauricerenoux5631]

Excellent M.Lassonde.

[@ronaldmiller3619]

Dont care for Clinto but he kept debt down

[@davesubers3415]

How was inflation under Trumps first term?

[@kylekinane5388]

We've got to define terms. Inflation how? As in how the prices of certain items went up? Which items? Across the board? According to who? Let's look at the money supply as that will tell us simply where the price increases come from, since increase in money supply is the true definition (though not the common one) of inflation. The US M2 money supply went from $13.3 Trillion in January 2017 when Trump took office, to $19.3 Trillion in January 2021 when Trump left office. That's a 45% increase in money supply. For the current US administration, M2 went from $19.3 Trillion in January 2021 when Biden took office, to $21.2 Trillion at latest count in September 2024. That's a 10% increase in money supply. Even if you just use Trump's term until the Covid craziness started in March 2020, $13.3 Trillion in January 2017 when Trump took office, to $15.5 Trillion in February 2020. That's a 16% increase in money supply, not accounting for almost another full year of pre-covid craziness increase that would have happened. So a second Trump term will definitely be expanding money supply. Except now, the debt payment the US has is incredible. US interest expenditure: Quarter 1 - 2017 - $460 Billion annually Quarter 3 - 2024 - $1.1 Trillion annually. In order to keep paying that interest, they're going to have to keep spending. Maybe Musk and Trump will get the department of government efficiency to make major changes (decreases) in government spending for once. I doubt it. fred.stlouisfed.org/series/M2SL fred.stlouisfed.org/series/A091RC1Q027SBEA

[@joeharvie8362]

Sold 1/2 my gold and silver for microstrategy stock this week. We shall see the future together.

[@I_Dolemite]

Alex Jones, really?

[@denniswhite5215]

I don’t think he included the manipulators.

[@livinthedream7714]

* Presidents have little effect on Au. * BOTH parties spend.

[@millionairementality_]

Let the guest speak please!

[@stephenpaul4258]

Forget inflation, its the geopolitical issues that are the major mover for gold-hence Trump trying to stop wars may have an effect. Be careful with Sprott, he can lead investors on and leave them hanging.

[@mikepreocanin3907]

Quote: "Here in Canada, they can't wait to give our money away".

[@kqh123]

How's that Gold to Dow Ratio coming along Pierre?

[@kqh123]

@@AMP98765 Pierre's been calling for 1:1 Dow:gold for 10 years

[@sergeshoemaker5218]

I bought over 100K in -2021 and since then I'm down -65% I lost my shirt in these penny stocks stick with SILJ GDXJ and don't hold them more than a year if you catch the boom

[@puristM]

what about silver?

[@lawrencecole6527]

People end up working robot massage parlors basically.

[@smpyyz]

Government Efficiency is also inflationary

[@davebellamy4867]

I don't think sacking a million government workers with huge salaries and paying them a pittance on the dole instead is inflationary.

[@AchimDrescher]

I agree that the argument that Bitcoin is the new Gold is not feasible, but crypto is not about that at all. Crypto is about a new way of representing real life aka Web 3. It will revelutionise the way we do business. That's why the focus should be on technology with high transaction rates and development adoption Most finance people don't know what they are looking at.

[@verschlossinvestments1344]

Govt want digital currency bc they think they will get 35% in taxes. More control and tracking

[@russiachinanorthkoreastatetv]

America 🇺🇸 & Canada 🇨🇦 have been terrible at managing inflation & taxes… Switzerland 🇨🇭 & Norway 🇳🇴 don’t have the capital gains & ridiculous taxes we have but they have nicer roads & smaller population & better average cost of living.

[@malekmalek9064]

Governments like inflation,thy always choose the way of inflating away their debt

[@criessmiles3620]

Sure All other central banks 🏦 do not stay idle either So agree gold will go up 🆙 But the financial market will have a better return So go USA 🇺🇸 Cheers from west Africa 🦅

[@eugenefernandez4377]

Was gold worth more under Trump or Biden?

[@ronaldmiller3619]

Debt will rise and rise and rise. Trump will need to pray for guidance

[@jisskk28]

On point!!😎

[@mikenelson7894]

Gold was up $100 in a week and just to fight it’s down $50

[@jayd1008]

Raise dm dividend on FNV already would ya !

[@smpyyz]

Trump is good for gold and Bitcion ! All set😊

[@pacearrow4620]

This guy is NOT fully correct about the 1970's nor the 1990s. I? As there for both. Overall I give the guest a C+ in knowledge on the topic

[@davebellamy4867]

Yes. Dollar didn't go up all the time from 1976 to 1980. It declined and bottomed in 1979 then recovered some into 1980. Plus gold reached $1920 in 2011.

[@lawrencecole6527]

A tesla's got a longer range than an ATACMS.

[@minnesotasalamander5913]

Both will be good for gold, Kamala would be better for gold. For the fear factor.

[@elizabethmurray5718]

Our fiat dollar is not backed by gold anymore, so that's why it's no longer worth so much as gold.

[@vicwiseman6038]

Cutting gov spending is deflationary.

[@friarnewborg9213]

Hmm. Does Pierre have some weird form of TDS? I wonder. Actually, I would like to know more about how he sees a practical businessman like Trump being worse for inflation stability, than someone like Kammy, whose campaign showed the most wasteful spending ever.

[@MrRainrunner]

Trump is a "practical" business man? THAT is funny!

[@farmerfox99]

if bitcoin won't be here in 10 years that will shock a lot of people. i can't justify it either

[@The_guy_on_the_internet]

cant take anyone seriously, who unironically quotes alex jones. I'll listen to what Mr Lassonde has to say elsewhere

[@richwilliams7098]

Hecla is sitting on 1.5 billion lb reserve for copper at their montanore mine in Montana. Plus silver and gold as well. I've been told they'll be mining in 2028 as they have been permitted. 2028 I believe will put them in a sweet spot for the copper boom.

[@thunderbird3694]

Read "Every Unified Republican Government Ever Has Led to a Financial Crash"

[@stuartmckenzie8095]

Crypto will buy the debt and offset it in the false market.

[@hotstix7014]

I don’t think so

[@seventh7orbit]

But, but, but gold doesn't change, currencies fluctuate ; and for this luxury, we get to pay more Cap Gains Tax on profits❗ Great to see Pierre in bull mode for a change. I joke🃏

[@steveyoder3685]

water fueled cars and energy

[@daves2624]

Stupid ads.

[@svenoscarhansen8847]

Best asset class?? Has this guy never heard of Bitcoin?

[@davidouellette6833]

John Creation sold the gold liberals

[@ronaldmiller3619]

Silver sucks, gold 😅

[@EternalQueue]

Mentioning Alex Jones yikes.

[@drmodestoesq]

You don't think "they" are making the frogs gay?

[@damianmousley2098]

How’s things going in Panama?

[@jerryantonies5334]

@@damianmousley2098 lawsuit has been filed in international court but I believe the new government of Panama will reopen the mine this April. ( that’s just my opinion based on my on the ground people living in Panama)

[@damianmousley2098]

I hope it goes well for FNV …..

[@CHRXIND1]

China is working on that. I sold the FNV stock as management sits on their hands with 2 billion, and can likely borrow double that; they do nothing but get left behind.

[@NattybyNatureBodybuilding]

C’est fantastic t*b*rn*k! Good find.

[@markhansberry5615]

😅

[@wantonfuey1]

trump voters can't agree with this analysis but it is the correct reading...a lot of poor people are going to get hurt that voted for trump...lmao

[@verschlossinvestments1344]

Poor ppl everywhere will stay poor😢 war is coming into 2026 peak 2027. China will have the reserve currency 2032. Pretty yucky time between now and then. Listen to Martin Armstrong

[@billstac9162]

Doesn't make sense. Trump is a crypto guy and look at bitcoin go