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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