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Precious metals are not done rallying in our present economic setting, and also in the following bull run, silver is likely to exceed gold said Peter Marrone, executive chairman of Yamana Gold.
" It's hard for me to anticipate where the gold cost will certainly get on a short-term basis, but too, I value there's an aspect of conjecture in this conversation. It's very difficult to see in the intermediate and over the longer term, directionally, gold prices do not go to higher degrees than it is today. And given the amount of monetary stimulation as well as fiscal stimulation on the planet as well as likely going to enhance, the amount of national debt to GDP, I'm not suggesting that this is not bearable, I am suggesting that this is the ideal storm for gold rate to visit greater degrees," Marrone claimed.
0:00 – Yamana's 2020 financials
6:19 – Lessons in operating effectiveness
7:46 – Rising cost of living
9:30 – What occurs if there's an accident
13:47 – Manufacturing support
15:32 – Yamana's procurement of Emperor Gold
23:38 – Silver and gold rate outlook
26:50 – Absolutely no emissions target
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'Perfect storm' for gold, silver to rally substantially says Yamana's Peter Marrone
Precious metals are not done rallying in our current economic environment, and in the next bull run, silver is likely to outperform gold said Peter Marrone, executive chairman of Yamana Gold.
“It’s difficult for me to predict where the gold price will be on a short-term basis, but as well, I appreciate there’s an element of speculation in this discussion. It’s very difficult to see in the intermediate and over the longer term, directionally, gold prices do not go to higher levels than it is today. And given the amount of monetary stimulus and fiscal stimulus in the world and likely going to increase, the amount of government debt to GDP, I’m not suggesting that this is not tolerable, I am suggesting that this is the perfect storm for gold price to go to higher levels,” Marrone said.
0:00 - Yamana's 2020 financials
6:19 - Lessons in operating efficiencies
7:46 - Inflation
9:30 - What happens if there's an accident
13:47 - Production guidance
15:32 - Yamana's acquisition of Monarch Gold
23:38 - Gold and silver price outlook
26:50 - Zero emissions target
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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