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Need To the Dow Jones to gold proportion retrace to 1:1, which it carries a number of celebrations in the past, the gold price can reach $15,000 to $20,000 an ounce presuming the steel catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada.
Lassonde retired from the board of Franco-Nevada this year, but is still actively involved in the mining industry. Due to the development of gold rates this year, coupled with falling power costs, margins in the market have actually never been much better, he kept in mind.
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Pierre Lassonde on $20,000 gold price and ‘most unbelievable margins’ ever
Should the Dow Jones to gold ratio retrace to 1:1, which it has on several occasions in the past, the gold price could climb to $15,000 to $20,000 an ounce assuming the metal catches up to the Dow, according to Pierre Lassonde, chair emeritus of Franco-Nevada.
Lassonde retired from the board of Franco-Nevada this year, but is still actively involved in the mining sector. Due to the expansion of gold prices this year, coupled with falling energy prices, margins in the industry have never been better, he noted.
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