In addition, lassonde authored in 1990 the gold book. When hes not working, lassonde can be found traveling the world he visited. Barrons explained that gold has always held its value against the dollar. Early on he gives the opinion that bullion is for value investors and gold stocks are for growth. Gold is where it should be pierre lassonde youtube. The complete investment guide to precious metals financial times personal finance library. 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. The lure of gold transcends time, empires, monetary theories and fashion. From 1974 to 1976, the gold equities had a terrible time, losing over 50%.
Pierre lassonde became president of denverbased gold giant newmont mining corp. Most notably, pierre lassonde, cofounder of the worlds first gold royalty business and is still chairman of franconevada nyse. The biggest change is the development of gold exchangetraded funds etfs. Oh, for a journalist who would put a few serious questions to franconevada chairman pierre lassonde, former chairman. The complete investment guide to prescious metals by pierre lassonde. Librarything is a cataloging and social networking site for booklovers. Pierre lassonde wikimili, the best wikipedia reader. Pierre lassondes views of the gold mining sector tuesday.
Is a significant drop in gold production on the horizon. Hes also the former chairman of the world gold council wgc, a noted philanthropist and engineer, and author of the seminal gold book. Loyal readers know that todays central banks are net buyers of gold as they seek to diversify away from the u. Gold is the quintessential inflation hedge and insurance policy against political and economic turmoil. The gold book by pierre lassonde, 1990, penguin edition, in english the gold book 1990 edition open library. Demystifying gold investing katz, john, holmes, frank, faber, marc on. The first biggest change is the development of gold. Todays central banks are net buyers of gold as they.
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. Three decades later, he is as confident in this model as ever, especially considering the difficulties of the majors in discovering large, highgrade reserves. Although the lugubrious verbal style of mr king takes a little getting used to, the comments by mr lassonde are well worth a listen, particularly if you are one of those aforementioned gold bugs. The complete guide to precious metals, pierre lassonde, penguin books canada, limited, 1991, 0140168648, 9780140168648. The virtually unknown gold investment i want to tell you about was pioneered by a canadian named pierre lassonde. 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 9. I think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Dec 29, 2006 pierre lassonde became president of denverbased gold giant newmont mining corp. We dont know how to replace the great big gold deposits from the past. More seasoned mining investors also may find this report useful in framing long term themes and companyspecific drivers.
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. Sep 23, 2019 i think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Legendary gold investor pierre lassonde says gold prices are heading higher, much higher. Pierre lassonde and his partners have collectively founded a company franco nevada and they have also discovered one of north americas biggest gold deposits known as the goldstrike mine. Pierre lassonde revolutionized investing with the creation of the first gold royalty company. Feb 24, 2014 kitco news speaks with famed entrepreneur and leader in the mining industry pierre lassonde, who was the keynote speaker at gsa investor day. Open library is an open, editable library catalog, building towards a web page for every book ever published. Pierre lassonde mining foundation of the southwest. The first biggest change is the development of gold exchangetraded funds etfs. They began in 2004 and went from zero all the way up to over 2,650 tons of. Lassonde is arguably the greatest company builder in the history of the mining sector. The first biggest change is the development of gold exchangetraded funds. 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. Gold mining entrepreneur pierre lassonde, a former chairman of the world gold council, this week told minewebs geoff candy that central bankers hardly ever think about gold, much less think about the manipulation of its price.
Kitco news after gold s strong price move at the start of the year, pierre lassonde, chairman of franconevada corp. Gold through the ages in his outstanding publication, the gold book, author pierre lassonde tells the fascinating history of bullion through the ages. About pierre lassonde lassonde entrepreneur institute. Pierre is known for his leadership as an innovative mining executive and founder of the largest natural resources royal company, franconevada. 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. Pierre lassonde, veteran gold analyst, cofounder and chairman of franco nevada mining corp. Pierre lassonde mp3 kingworld radio interview, 4th august. Gold is the antidollar, says pierre lassonde, the chairman and a. Lassonde is an authority on the worlds most soughtafter precious metal, has served as chairman of the world gold council, and authored the gold book. Gold legend pierre lassonde sounds unphased by the correction in an interview with king world news. Pierre has made over 2 trades of the newmont stock since 2004, according to the form 4 filled with the sec.
As of fall 20, lassonde was still on the board of three companies in addition to his philanthropic efforts, which include donations to several universities and serving as the chairman of the quebec national art museum. Tong, a wellknown biomedical ethicist, combines medical ethics, bioethics, and her own unique. The two uniquely gifted money managers were on to something big. According to bill shaw, the investment strategy is pioneered by a canadian named pierre lassonde. Now, they have a lifetime royalty for this gold mine. The fiveyear bear market for gold is over and we are at the beginning of a new bull market, he told bnn. 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 company was acquired by newmont mining in 2002, and then split off in 07 at a value. Pierre lassonde was born in sthyacinthe, quebec, the third child of four. Metals economics group strategies for gold reserves replacement 2012. Pierre paul lassonde serves as lead independent director of the company. Lassonde served as chairman of the world gold council from 2005 to 2009. What have been the biggest changes in gold investment since then.
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. Dec 22, 2011 gold climbing wall of worry just as it did in the 70s. Pierre lassonde, cm, oq, born in sainthyacinthe, quebec in 1947, is a canadian businessman and philanthropist. Franconevada chairman and canadian mining hall of fame inductee pierre lassonde discusses the relationship between the price of gold and gold stocks in. They began in 2004 and went from zero all the way up to over 2,650 tons of gold. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the. May 22, 2014 pierre lassonde revolutionized investing with the creation of the first gold royalty company.
The investment you never knew pierre lassonde slides. Entrevue avec lhomme daffaires pierre lassonde youtube. About pierre lassonde lassonde entrepreneur institute university. Franconevada chairman pierre lassonde also expects a significant dip in gold production in the coming years.
Pierre lassonde is a director of the world gold council and was its chairman from 2005 to 2009. He is past chair of the world gold council, has served on many mining boards and is recognized for his philanthropy. Lassonde likes the gold price with central banks rigging the. Pierre lassonde is the founding donor of the school that bears his name. Lassonde is the chairman of the board of franconevada corporation december 200. In 1983, my friends and early mentors seymour schulich and pierre lassonde founded franconevada mining, the worlds first gold royalty company.
When i look at where we are today, the money creation will take time to money into peoples hands. Pierre lassonde, former chairman, world gold council. Despite being underexplored, nearly 8 million ounces of gold have been. Oct 30, 2019 register now for this must listen gold webcast. The lassonde difference pierre lassonde has come a long way since attending. Pierre lassonde, chairman of franconevada, expects production in the gold mining sector to decline significantly and foresees a price push for the yellow metal. Oct 31, 2016 the lure of gold transcends time, empires, monetary theories and fashion. Looking ahead 30 years, pierre believes the yellow metal could average. The complete guide to precious metals pierre lassonde new perspectives in health care ethics an interdisciplinary and crosscultural approach, rosemarie tong, 2007, medical, 352 pages. 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. Calibre mining is partnered with or sole owner of numerous gold exploration projects in whats known as the mining triangle, a highly prolific region of northeastern nicaragua.
Pierre, as you may know, is the billionaire cofounder of gold royalty company franconevada, which is one of the top holdings in goau. Mar 01, 2018 lassonde likes the gold price with central banks rigging the market by chris powell gata dear friend of gata and gold. Are you seeing or do you expect to see high net worth and. Legendary gold mine investor pierre lassonde appears for the first time. Three decades later, he is as confident in this model as ever, especially considering the difficulties. We dont know how to replace the great big gold deposits. The complete investment guide to precious metals financial times personal finance library pierre lassonde on. Pierre paul lassonde has been appointed as chair emeritus designate of the company, effective may 6, 2020.
Pierre lassonde must not know the right central bankers. Founding donor pierre lassonde is the founding donor of the school that bears his name. Gold climbing wall of worry just as it did in the 70s. This book will help direct mining operations through the use of innovative economic strategies. Lassonde is past chair and a past director of the world gold. The complete investment guide to precious metals in 1990. Pierre lassonde, philanthropist and talented businessman, is recognized as one of canadas foremost experts in the area of mining and precious metals. Pierre lassonde has made wideranging contributions as a successful businessperson, philanthropist, community leader, and supporter of mining education and research. There are 5 executives at franconevada getting paid more, with david. He cofounded franconevada, the largest royalty and streaming company in the mining sector. Lassonde shares his comments on gold prices, central. Pierre lassonde is one of the superstars of the resource sector. 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.