Legend pierre lassonde says price of gold to skyrocket. Biography of pierrepaul lassonde the official board. Lassonde predicts chinas gold exchange will become like a casino pierre lassonde continues. Pierre lassonde increases ownership in foran mining inn. 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. We dont know how to replace the great big gold deposits. 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. Lassonde and partner seymour schulich founded the original. Our founding donor pierre lassonde receives an honorary doctorate from york university. With over 25 years of experience, lassonde has acquired a reputation as one of canadas leading gold analysts and is author of the gold book. In 1983, my friends and early mentors seymour schulich and pierre lassonde founded franconevada mining, the worlds first gold royalty company. 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. University of toronto by gold magnate pierre lassonde and a cohort of.
There he managed the very successful dynamic gold fund for a period of 10 years. Pierre lassonde was elected president of newmont mining corporation. Sting plays toronto womans 45th birthday bash the star. I think gold is in a good place, pierre lassonde, cofounder of franconevada, said last week at the denver gold forum. Pierre lassonde became president of denverbased gold giant newmont mining corp. For more than a decade, each 1% growth in gdp resulted in 1. In addition, lassonde authored in 1990 the gold book. Lassonde, 64, is a legend in the mining industry who amassed his fortune investing in gold and minerals and as cofounder of the franconevada mining corp. This year marked the 30th anniversary of the denver gold forum dgf, the worlds most prestigious precious metal equities investment. Legendary and widelyacclaimed mining expert pierre lassonde, chairman of franconevada nyse. Gold demand in china has been related to the growth in gross domestic product gdp.
The compendium of chemical terminology is a book published by the international union of pure and applied chemistry iupac containing internationally accepted definitions for terms in chemistry. Lassonde now owns or exercises control and direction over. Pierre lassonde was elected president of newmont mining corporation, effective february 2002. Feb 18, 2002 royalties in gold were traded almost exclusively among mining companies, and no one had tried to break into the business before. For investors this strategy has paid off golden returns. Few people have achieved more success in the mining business than pierre lassonde. He and partner seymour schulich started out by focusing on mine exploration. In other words lassonde has had a remarkably strong track record in the gold and gold mining sector he wrote a book on investing in gold and. The complete investment guide to precious metals financial times personal finance library pierre lassonde on. Pierre lassonde, veteran gold analyst, cofounder and chairman of franco nevada mining corp. Watch the royalty of the miners for clues on precious. Founding donor pierre lassonde is the founding donor of the school that bears his name. Lassonde states that the oldest known gold objects are some 7,000 years old dating back to 5000 bc. By purchasing mining royalties, the company grew at a 36% compound rate.
The gold book paperback january 1, 1994 by pierre lassonde author see all formats and editions hide other formats and editions. Much of that gold ended up as collateral in backtoback loans, commodity loans. In 2008, pierre led an investors group bringing back franconevada to the public market. Pierre lassonde is here with me for the half hour today.
He served as chairman of the world gold council from 2005 to 2009. 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. Mining legend pierre lassonde says we are in the second. He is the cofounder and chairman of franconevada corp. At lassonde industries, pierrepaul lassonde has 15 colleagues who can be contacted including denis boudreault director, chantal belanger director industry colleagues in the food industry, pierrepaul lassonde has,857 colleagues in 1,493 companies located in 78 countries. The chinese have a propensity toward gambling and i think the shanghai gold exchange is going to become essentially a gambling casino. Looking ahead 30 years, pierre believes the yellow metal could average. Pierre lassonde pavilion doubles the size of quebec museum. The father of the gold royalty model, and an art collector, and a philanthropist and a fan of very fast cars. About pierre lassonde lassonde entrepreneur institute university. Now, they have a lifetime royalty for this gold mine. Orla mining is in the gold sub industry group under the basic materials sector. Pierre lassonde increases ownership in calibre mining.
Pierre lassonde, philanthropist and talented businessman, is recognized as one of canadas foremost experts in the area of mining and precious metals. Pierre lassonde is a director of the world gold council and was its chairman from 2005 to 2009. Gold is the quintessential inflation hedge and insurance policy against political and economic turmoil. Metals economics group strategies for gold reserves replacement 2012. The lure of gold transcends time, empires, monetary theories and fashion. Lassonde likes the gold price with central banks rigging. Printing of money drives gold pierre lassonde the perfect gold storm 23 october, 2012. Today, he is still in the royalty business as chairman of franco nevada corporation. Price new from used from paperback, 1994 please retry. In addition, pierre authored the wellrecognized investors guide, the gold book, in 1990.
Pierre lassonde increases ownership in calibre mining inn. Boring gold giants struggle to compete with hot battery metals. Dec 29, 2006 pierre lassonde became president of denverbased gold giant newmont mining corp. The two uniquely gifted money managers were on to something big. In 1982, he cofounded, along with his business partner seymour schulich. The lassonde difference pierre lassonde has come a long way since. That was just the beginning for pierre lassonde, who went on to become very rich and the president of newmont mining which for a time was the worlds biggest gold miner until barrick bought placer dome. Watch the royalty of the miners for clues on precious metals.
Nov 01, 2011 lassonde, 64, is a legend in the mining industry who amassed his fortune investing in gold and minerals and as cofounder of the franconevada mining corp. The early egyptians used gold for decoration, usually for the pharaohs. 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. Lassonde served as chairman of the world gold council from 2005 to 2009. He thinks this will persist for another 12 to 18 months, at. Work on the first edition was initiated by victor gold, thus spawning its informal name. Pierre lassonde has made wideranging contributions as a successful businessperson, philanthropist, community leader, and supporter of mining education and research. Pierre lassonde announced a recent purchase of 931,500 common shares of foran mining corporation tsxv. Gold prices are heading higher, much higher and he is very sure that.
He is past chair of the world gold council, has served on many mining boards and is recognized for his philanthropy. Pierre lassonde, if youre unaware, was the founder of franconevada fnv, which was a mostly failed mining explorer in the early 1980s but made a pivotal acquisition of a royalty on a mine in nevada in 1986, with lassonde pretty immediately recognizing the appeal of that approach and beginning a campaign to buy more royalties and get out of the actual mining business over the ensuing several years. Industry veteran buys at new gold the globe and mail. May 28, 2016 legend pierre lassonde said chinas exchange will become like a casino and cause the price of gold to skyrocket pierre lassonde. Gold is where it should be pierre lassonde youtube. Jan 06, 2016 in 1983, my friends and early mentors seymour schulich and pierre lassonde founded franconevada mining, the worlds first gold royalty company. Lassonde likes the gold price with central banks rigging the. Lassonde is well known in the international mining community and north american capital markets, he is currently chairman of franconevada nyse. Im jordan roybyrne, cmt, mfta the editor and publisher of and thedailygold premium, our premium publication which emphasizes market timing and stock selection for precious metals investors. The gold book is a comprehensive guide for every investor, whether your buying a few coins. The first edition was published in 1987 isbn 0632017651 and the second edition isbn 0865426848, edited by a. Liste des mariages, baptemes et sepultures pour pierrepaul lassonde. The new pierre lassonde pavilion, an over 160,000 square foot space will allow the public to see the museums decorative and design collection, contemporary art collection, as well as a gallery of. Jun 27, 2014 this week, we take a look at buying in new gold inc.
Last year, however, the growth was more like 2% or 2. The savvy canadian is the cofounder and chairman of toronto based franconevada fnv 159. He joined the company following newmonts acquisition of franconevada mining corporation limited, which he cofounded and served as president and cochief executive officer from 1982. 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. This week, we take a look at buying in new gold inc. 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. And with all of the bullish factors, i would not be surprised to see the price of gold with 4 more digits after the first number, i just dont know what those.
The pierre lassonde pavilion named after the chair of the museums board of directors is due to open tomorrow in quebecs parc des champsdebataille. Designated a professional engineer by the association of profession engineers of ontario and a cfa by the university of virginia, he was granted a bachelor of science by ecole polytechnic of. 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. He is pierre lassonde, in 1982 he teamed up with fellow gold bug seymour schulich to create a cash generating royalty company based on the model used by the oil and gas industry, but in stead they focused on. Pierre lassonde buying at orla mining updated tuesday dec 05, 2017 03. Mining legend pierre lassonde says we are in the second leg. Boring gold giants struggle to compete with hot battery.
Pierre lassonde buying at orla mining ola canadian insider. With his 25 years of mining experience, pierre lassonde has acquired a reputation as one of canadas leading gold analysts. Oct 31, 2016 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. By purchasing mining royalties, the company grew at a.
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