On the heels of the recent carnage in the gold and silver markets, today legend Pierre Lassonde spoke with King World News about what is happening behind the scenes that is going to be a massive game-changer for the gold market.
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.
Something Big Is Happening Behind The Scenes
September 5 (King World News) – Eric King: “Pierre, we were talking about the super-wealthy accumulating positions in the mining companies back in November of 2015, at the bottom of that brutal cyclical bear market in gold. But you told me this time there is something similar happening behind the scenes in the gold market. Can you talk about that? It’s very similar to what we saw back in 2015.”
Legend Pierre Lassonde said a massive game-changer is happening behind the scenes in the gold market
A Game-Changer For The Gold Market
Pierre Lassonde: “Yes, it is an interesting story, Eric, because the different stock exchanges are losing companies by the dozen. I read a study that the New York Stock Exchange has lost something like 30% of its public companies in the last 20 years. And it’s the same story everywhere. What’s happening is the private equity firms are taking their place. They are more predictable and they provide 10-15% kind of returns.
So in the mining business we are seeing the same thing. We’re seeing private equity funds raising $500 million, $1 billion, $2 billion (to invest in mining companies). I was in London not too long ago and I met with a private equity fund that has raised over $2.3 billion from U.S. endowments. Imagine that. It’s unbelievable…
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
“First Time Ever”
Pierre Lassonde continues: “And then we just saw a private equity fund taking over a gold mining company in Ireland. So this is the first time I’ve ever seen private equity actually coming into the sector and then buying entire companies. I’ve seen them, over the past few years, making investments here and there and getting into the royalty business, but not buying active mining companies.
So this is new and it will expand. They (private equity funds) are coming in at the right time, right at the bottom of the (gold) market…To continue listening to this timely and powerful audio interview with legend Pierre Lassonde CLICK HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED: In The Eye Of The Storm As We See Complete Panic In The Metals And Mining Sector CLICK HERE TO READ.
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