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Gold costs need to skyrocket to a lot higher degrees, even $20,000 in 2 to five years' time, as gold gets to a cost degree near to the level of the Dow Jones Industrial Index, this according to Pierre Lassonde, chairman of Franco Nevada.
" When I take a look at where we are today, the cash creation will take some time to [money] into people's hands. I take a look at supply chain disturbance, I think we're looking at a 2 to 5 year period as well as I do believe that we will certainly see, if not one to one [in the Dow/gold ratio], after that very near one to one," Lassonde informed Kitco Information.
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$20,000 gold price: Franco Nevada chairman makes the case
Gold prices should skyrocket to much higher levels, even $20,000 in two to five years’ time, as gold reaches a price level close to the level of the Dow Jones Industrial Index, this according to Pierre Lassonde, chairman of Franco Nevada.
“When I look at where we are today, the money creation will take time to [money] into people’s hands. I look at supply chain disruption, I think we’re looking at a two to five year period and I do believe that we will see, if not one to one [in the Dow/gold ratio], then very close to one to one,” Lassonde told Kitco News.
__________________________________________________________________
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