Pierre Lassonde’s presentation from the Spring 2016 Grant’s Conference titled, “Gold: The Investment You Never Knew.”
On This Page
- Gold Demand – Diversity and Growth (2006-2015)
- Gold has outperformed most mainstream assets:
- A Bull Market In All Currencies Save For the Dollar
- Gold is a growth market
- Mine Supply Has Not Kept Pace
- Discoveries Have Fallen steadily Since the 80’s
- China To Become The Largest Market
- Factors Underpin Gold In a Negative Rate Environment
Gold Demand – Diversity and Growth (2006-2015)
- Global growth in consumer demand: up 26%
- China consumer demand: up 273%
- India consumer demand: up 19%
- European investment demand: up 1400%
Gold has outperformed most mainstream assets:
- Global Treasury Bonds by 61%
- Global Equities by 54%
- Commodities by 178%
- Global Real Estate by 36%
A Bull Market In All Currencies Save For the Dollar
Gold is a growth market
Global gold demand has grown 251% over the past 35 years
Mine Supply Has Not Kept Pace
Mine production has grown, but falls short of meeting demand
Discoveries Have Fallen steadily Since the 80’s
Represents 189 gold deposits discovered since 1990, each with at least 2m oz of gold in total reserves, resources and past production (or at least 1m oz in reserves)
China To Become The Largest Market
China’s gold demand has trebled in 10 years
Factors Underpin Gold In a Negative Rate Environment
- Opportunity cost: This disappears in a negative yield world
- Uncertainty: Who knows how negative yields will pan out? The Bank of International Settlements has warned it can hold back growth, fuel instability and affect investor behavior
- Weak currencies: Negative rates can be viewed of as an extension of beggar-thy-neighbor currency wars
See full presentation below.
