We have a Major Global Debt Problem

Gold Telegraph 
@GoldTelegraph

The day the Shanghai Gold Exchange surpasses the COMEX in transactions will mark a seismic shift—gold’s pricing power will move decisively from the West to the East. That moment is no longer a distant future—it is happening now. – The legendary Pierre Lassonde

BRICS and #gold

In my conversation with Pierre Lassonde, he highlighted that we are approaching a transformational moment in the gold industry as pricing power shifts from the West to the East.

We explored a range of topics, including resource nationalism, the early days of building one of today’s largest precious metals royalty companies (now with a $25 billion market cap), geopolitics, and more.

Full conversation, here:

Moody’s has downgraded France’s credit rating. This was unscheduled. We have a major global debt problem.