Billionaire Pierre Lassonde on #SilverSqueeze, Gold Mining Business & Advice for Speculators
Comment of the Day

February 03 2021

Commentary by Eoin Treacy

Billionaire Pierre Lassonde on #SilverSqueeze, Gold Mining Business & Advice for Speculators

Thanks to a subscriber for this interview which may be of interest to subscribers. Here is a section from the transcript:

Pierre: Oh, look, as far as I’m concerned, the best, best deposit in the world that you can have or find today is a copper-gold deposit or a copper-gold-silver, or a copper-silver deposit, but something with copper. Because I really believe that copper is the metal of the future. In fact, our entire civilization rests on copper, on one metal, and it’s copper. Because without electricity, we have nothing. We have no transportation. We have like no communications. We have nothing. And with the emphasis on greening the world, we’re going to use more copper. So copper is absolutely the fundamental basis of our civilization and it’s going to get better. And with that in terms of fundamental money, I would say gold and silver is also part of the greening of the world. So these three metals are to my mind, the best place to be at this point in time.

Eoin Treacy's view

Copper has been used as a conductor and alloy component since the Bronze era. In the last decade it has also taken on the role of electricity generation and is impinging on oil’s dominance of transportation.

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