The demand for gold is expected to continue to rise, and probably increase, and this will affect the gold price. They began in 2004 and went from zero all the way up to over 2,650 tons of gold. 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. He established the lassonde institute for engineering and geoscience at the univ. Volume of newly discovered gold reaches record low. Demystifying gold investing hardcover july 8, 2008 by john katz author visit amazons john katz page. After analyzing gold s historical compound annual growth rate cagr over the past 50 years, ever since president nixon formally took the u. Pierre lassonde, former chairman, world gold council, and past president, newmont mining corp. Watch video interview with our founder, pierre lassonde. Industry veteran buys at new gold the globe and mail. Lassonde throws on overhauls and goes underground for the first time, terrified.
Mining executive, business innovator, financier, philanthropist and author are all terms that accurately describe pierre lassonde and provide strong justification for his selection. In 1982, he cofounded, franconevada corporation, the first publicly traded gold royalty. One of the highlights of pierre s presentation was his forecast for the price of gold in the next 30 years. Lassonde also discusses at length why the goldroyalty model he invented in the 1980s. Pierre lassonde is one of the doyens of the gold mining sector and an eternal optimist on the future of the gold price. Mining executive, business innovator, financier, philanthropist and. The forward looking statements contained in this presentation are based upon assumptions management. Legendary pierre lassondes shocking predictions for gold. Pierre lassonde is interviewed by northern miner publisher anthony vaccaro at the canadian mining symposium in london on april 24, 2018.
This week, we take a look at buying in new gold inc. Pierre authored the wellrecognized investors guide, the gold book, in 1990. Pierre lassonde is recognized as one of north americas. Franconevada chairman pierre lassonde speaking at the denver gold forum. Gold demand diversity and growth 20062015 global growth in consumer demand. Photo by paul taggartbloomberg photo by paul taggart. The first biggest change is the development of gold exchangetraded funds etfs. In 1982, he cofounded, franconevada corporation, the first publicly traded gold royalty company. One of the highlights of pierres presentation was his forecast for the price of gold in the next 30 years. Lassondes presentation marked the events 30th anniversary.
Pierre lassonde s presentation from the spring 2016 grants conference titled, gold. In his outstanding publication, the gold book, author pierre lassonde tells the fascinating history of bullion through the ages. Born april 17, 1947 age 72 sainthyacinthe, quebec, canada. Pierre lassonde s vision, drive and initiative have meant a resurgence of opportunity in canadas precious metals mining industry.
The complete investment guide to precious metals in 1990. This presentation contains forward looking information and forward looking statements within the meaning of applicable canadian securities laws and the. Franconevada chairman and canadian mining hall of fame inductee pierre lassonde shares his views on the dow vs. The first biggest change is the development of gold. In addition, gold is profiting from the effects of a commodity supercycle which lassonde believes is far from over. Lassonde states that the oldest known gold objects are some 7,000 years old dating back to 5000 bc. Interview by kevin michael grace of the gold report. What have been the biggest changes in gold investment since then. I think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Precious nuggets of wisdom from lassonde this week, allan trench has had his nose buried in a good read the gold book, by pierre lassonde. Life aint easy at the top for gold miners, says lassonde mining. Find all the books, read about the author, and more.
Pierre lassonde, philanthropist and talented businessman, is recognized as one of canadas foremost experts in the area of mining and precious metals. Most notably, pierre lassonde, cofounder of the worlds first gold royalty business and is still chairman of franconevada nyse. Pierre lassonde is the founder and chairman of the worlds leading gold focused royalty and streaming company, franconevada. The complete guide to precious metals, pierre lassonde, penguin books canada, limited, 1991, 0140168648, 9780140168648. Pierre lassonde to speak at young mining professionals of. Pierre lassonde was born in sthyacinthe, quebec, the third child of four. Pierre lassonde has made wideranging contributions as a successful businessperson, philanthropist, community leader, and supporter of mining education and research.
After 35 years leading franconevada, pierre lassonde the founder of the lassonde entrepreneur institute at the university of utahs david eccles school of business retired from the company when he stepped down as chairman of the board earlier this month. Printing of money drives gold pierre lassonde the perfect gold storm 23 october, 2012. Designated a professional engineer by the association of profession engineers of ontario and a cfa by the cfa institute, pierre holds a bachelor of science degree by ecole polytechnic of. With over 25 years of experience, lassonde has shared his knowledge in his book, the gold book. This book will help direct mining operations through the use of innovative economic strategies. Looking ahead 30 years, pierre believes the yellow metal could average. The canadian native has since become a millionaire, one of the most famous gold investors in the world, and. The investment you never knew pierre lassonde slides.
Pierre lassonde retires from franconevada as it reaches a. About pierre lassonde lassonde entrepreneur institute university. 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 most powerful business model ever created real vision. Pierre lassonde is best known for his role in the mining industry, where he is a leading gold analyst and investor.
Lassonde rounds off his presentation by saying that the fundamentals for gold. Financial times the globe and mail personal finance library. The early egyptians used gold for decoration, usually for the pharaohs. What i take from the current environment is that the physical demand for gold has been strong enough that the paper gold market, which is really just the hedge funds and other private equity playing in a casino, they recently tried a number of times to force the gold price lower. The gold book by pierre lassonde, 1990, penguin edition, in english. 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 is the cofounder and chairman of franconevada corp. They began in 2004 and went from zero all the way up to over 2,650 tons of. Pierre lassonde presenting the keynote address the 2016 utah governors. Its 1994, royalty group franconevada is valued at a mere billion dollars, founder pierre lassonde is holding down his desk job as a fund manager at beutel goodman and he has just published the gold book, a rattling guide to precious metals. The complete investment guide to precious metals financial times personal finance library pierre lassonde on.
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