Pierre Lassonde: Investors Don’t Believe This Gold Bull Market

Added: 2026-05-28

[00:00:00]In terms of energy, I think that I mean equal for example came out and like every $10 on oil price I mean it's minimal particularly for the underground miners.

[00:00:13]It means very very little the rate the great big open pit. Yes, but it's never 100% your production no matter what the fact that the gold miners have been hammered to be honest with you is a bit of a mystery to me and I'm not 100%. I don't really understand why to be very candid. I think that there's you know I I talking to people I get the feeling that they don't believe this bull market in gold. They they're like well, I've already made like two times my money and you know, I don't think the gold price can go any higher and it's it's the it's the typical climbing of the wall of worry okay and they said like it's good enough and and and believe me these people gold will go up 50% they'll be back buying at 50% higher.

[00:01:02]Okay and only because they worry that this is the end of the gold bull market that they've made their money and then it's time to exit.

[00:01:11]That's the feeling that I'm getting more than anything else.