Germany, Japan, and Greece desperately want Canada's natural gas, but Trudeau is such an environazi that there is no one that wants to risk building LNG plants here. A few years back I remember Warren Buffet backing out of buiilding an LNG plant in Quebec. So even the promise of creating jobs for his favorite province doesn't sway Trudope. Just utterly ashamed of our government. Stupid is too kind a word.
@@pastexpiry2013B yes I agree with you they have to pay the price Because USA made sure they are cut off from cheap Russian pipe line gas. So US can. sell them expensive LNG.. expensive energy create inflation my. Friend. and higher cost of producing goods. The only reason Germany was sucssesful in the past is Cheap Russian gas. Expect to pay higher prices for German goods than is if German. company's are Not already. Bankrupt 😂
Frank is 100% correct about CNBC downplaying gold for Wall St. Even BNN downplays gold now that Bloomberg owns it. Twenty years ago BNN talked about gold everyday. They do everything they can to keep the public from getting interested in gold.
I'm Alaskan, and feel bad about what my Canadian neighbors are dealing with with their PM Justin T. We are dealing with the worst President in USA history with Biden as well.
@@Fearzero Costa Rica has become quite a bit more expensive. I'm considering other countries myself but yes vote with your dollar and get out of Canada!
@James-il3tq yep, personally I immigrated to Panama. It's dollar based, but having the canal, they will always be a center of world trade and therefore will prosper. Panama is a territorial tax jurisdiction with safer banks.
The primary goal of the Canadian pension fund is to find the best investment returns for the pensioners and NOT to fund inefficient Canadian companies.
You're right, China doesnt respect Saint Greta Thunberg and doesnt print billions for wars around the world to bring democracy. Its very expensive hobby.
Frank is on the mark, except for his optimism about the prospect of war. We are in a late power transition cycle where the declining dominant state is trying to reassert its position by engineering wars and applying economic coercion against rising challengers. The US share of global GDP has dropped from about 40% in 1960 to below 20% now (the composite CINC index has also been declining since 2000), which is normal for any power transition cycle. Late in the cycle, system instability rises because of hegemonic overextension across military commitments and massive deficit spending. These distortions feed back into domestic politics and economics, causing rising wealth inequality, political dysfunction, and social unrest. The bad news is that, historically, all such periods, with the exception of the British-American transition of the early 20th century, have culminated in great power war, and if history repeats itself, gold prices and the dollar will be the least of our problems. And we won’t last another generation to see who is right and who is wrong. Now is the time for people to be flooding the streets and doing peace protests. And billionaires like Frank should be chipping in for the cause instead of digging holes all over the place. There will be no advance warning when the nuclear warheads start falling from the sky.
Awesome recap. The mainstream media continues to provide the hatred against Russia and refuses to acknowledge the corrupt Ukes (and Victoria Nuland) cannot win a war against the mighty nuclear arsenal of Russia. China knows, too, that they are the next target if Russia loses. If Russia faces an existential threat, then we all do. Wake up Ukrainians and insist democracy be respected in Crimea and the Donbas.
@@coffeecupman without first class service. Because there's a language barrier... That's probably not an issue. Cattle Barron's Club.. " once you see me , there, .. 8 on the list 📃
15 minutes in and I don't know if I will be able to stand it: "Who is expected to invest in Canada, if not we?" says the international billionaire investor, who is not happy, if governments do not recognize undervalued treasures? Playing the patriotic card instead of mentioning profitability, free cash flows? Rick Rule recently said, that the mining industry is so badly managed, that from 2000 to 2011, from the low of gold to its high - what 300 to 1600 IIRC? - the miners had LESS FCF per share at the hight of the gold price! And these bilionaires now come along and lament about a lack of patriotism, knowing very well, that this is only attracting dumb money, while clever money ignores patriotic feelings and invests in (potentially) highly profitable businesses. These two guys should lament about the parasitic managements in the mining sector, who are only riding waves and hand out private placements at 50% discounts in bull markets, while the ordinary investor is being fooled with doom and gloom propaganda into buy and hold in the most cyclical sector.
☘ plug-into that ☘.. hold a compass ☘ .. I don't practice sangria, I ain't got no crystal balls, .., if I had a Million dollars well, I probably spend it all. ☘
He’s taking his orders from his boss Claus Shwaab of the World Economic Forum. The WEF has only allowed Jeff Bezos & Bill Gates to take over the global mining space going forward. Frank & Pierre have already made their fortune. Going forward no go.
More so with immigration. Over a million people let in the past few years, and absolutely NO pre-planning on where these people will live. Now the majority of people pay higher rent and cannot afford to buy a house.
This talk is spot on. Not investing in Canada is a huge problem and to have our current PM increasing carbon tax (punitive tax on productivity) is completely backwards. We are in desperate need of quality leadership in Canada. Someone who actually believes in Canada and wants to inspire the population. Not this current train wreck
The mines in Canada tend to be located in far away, hardly inhabited places. Frank is right to remind the audience that Canada needs to build the infrastructure for the mining industry in Canada to be viable? A question to Frank? What kind of government spending are you talking about to build roads and electricity infrastructure to places like the Ring of Fire? Can Canada afford it ? considering that you youself, (not just the the Canada Pension Fund) have not invested in Canada?
The main problem is the permitting. The Pension Fund goes elswhere for exactly the reason Frank did not do business in Canada. I disagree with Pierre and Frank and agree with Michelle: The pension fund has a responsiblity to the pensioners to go where the best returns are. The Government has to cut the permit time to 18 months and if it is not given, the Miners can start building what they asked for. Permit or not. End of Story. Then the Pension Fund will happily invest in Canada again and foreighn money will flood the Mining sector. If it works like this no Government subsidies are necessary. It would be so easy to bring the country back to what it once was. I am a German Citizen and emitgrated to Canada in 1982 because in comparison it was the country of the future. My wife and I started a remanufacturing business on Vancouver Island and created 50 jobs. Beginning of the 90s I saw the country becoming just as bad in governmental nonsens as Germany was in the beginning 80s. Luckily we were bought out by one of the Majors in the Industry and we were able to get the hell out of Canada. But that stage was nothing compared what Canada is like now. I watch the change from far away now and can not believe that this great nation is going down the drain. It makes make incredibly sad. Politics is concerned with all kinds of completely unimportent nonsense instead of counting on the strength this wonderful country has. It seems this government of dreamers will bankrupt the country. WHEN ARE THE VOTERS WAKING UP BEFORE IT IS TOO LATE????
Their plan is to bankrupt the country so private banks can "lend" money to the govt at interest. That's where the so called national debt comes from and it's all bogus.
This is why we will be one of the first to get a CBDC - Its coming - Make sure you have some silver, gold, bitcoin in your possession - Not much you can do if the people want to be sheep - You can convert as you need it but make sure you own it - We have a network of people that are using it to pay for services (we have a morning price and an afternoon price)
All Canada needs to do is act in its own self interest ... just like the BRICS+ alliance. No cohesion, just national need. Don't play lap dog for WEF, look after your own country and people. Trade in good faith and you'll find it will be Win/Win, don't try the age old Western philosophy, take take take, earn your place in the world.
Too many banksters trying to loot the country, set up rent seeking systems, and getting their tentacles 🐙 into govt to loot the people. Until the corrupting influence of central banking and fiat money are done away with, I don't see any hope.
You can reinvent a gold standard to support a government that runs surplus. But you can’t if it runs deficit. The problem is all currencies are destined to get devalued hence a government is destined to run deficits A solution to solve this problem woulld be great to support a new system. Great interview, more question then answers My gold view is, price doesn’t mater, the ratio to silver is a better question to ask. 2025- gold over 3000$ and silver around 50$
Thank you kitco and gentlemen! There's always an alternative. But I stay away from tuna. Gold, silver and commodities are real money. My preferred wealth alternatives. Fiat currencies are nothing more than MOPE induced debt enslavement.
Many good things about Canada!! But we are now focussing on external factors like Ukraine, Middle East and satisfying United States than building up our own country financially and through social fabric and economically. It is like 1990s Japan when that economy did not surpass than the 5T mark. Canada is at 2T mark but not going up too far. Build Canada should be our motto rather than crocodile tears and being politically correct etc.
Another outstanding program with sage and honest voices, good advice, and probing questions. I think Frank is right about change coming sooner rather than later.
Canadians voted Trudeau and Liberals multiple times. Also large support for NDP (democrats) that are even more Left wing socialist then Liberals. Green party support also growing in popularity. Yes Liberals will be voted out next election (with unelected coalition government) but so much damage has already been done. The problem is Canada is extremely investment unfriendly with regulatory nightmares (thanks to unfriendly governments). Gentlemen in this video are correct but only lobbying for their own investments in precious resources. Laughable their solution is for EVEN MORE government regulation 😂
If you think Canadians or many other citizens around the world actually "voted" any of the so called " leaders into power ,think again. Time will prove the world is currently run by appointed puppets! 🇨🇦🇨🇦🇨🇦🇺🇲🇺🇲🇺🇲
they don't rock, the government is the reflection of people. If people vote for communist (or liberal in modern world) government then the people made the mistake, so they should look in the mirror not blame someone else
You prefer the paper price used by Wall street ??? It's not the Chinese setting the price, it is their citizens and most citizen of asian countries that treat gold as REAL money, which it is. I trust that a hell of a lot more than anything coming out of wall street.
Right now in Canada ,if we raised the royalties on gold to 98% for one year that would be enough gold to set the value of the dollar to gold at 0.1% .gold at 2300 ounce equals the Canadian dollar at 2.30 cents US .
@@brianrobertson7012 Which goods in US dollars are going to be cheaper.... ones where workers are paid in US dollars or ones where workers are paid in pesos ? Your comment is non-sensical
@@pastexpiry2013B you do not understand economics or do you understand the value of the dollar or lack of I would guess you work for the banks or hedge funds.
47:07 Frank states America has "declared" the largest gold holdings in the world, but he thinks that's not entirely true. He then back tracks into he thinks China has the largest gold holdings in the world?
Canada is one of the luckiest countries on earth. We will eventually turn around on mineral mining policies, and will be well positioned on the global stage. A long term macro play ready to pop
Culture needs to change for that to happen. As of now majority of Chinadians are collectivist, compliant socialists. Not much appreciation in this country for free market capitalism or personal responsibility. See 2020 viral situation how 99% rolled up their sleeves and wore face diapers. Zero critical thinking skills. Easily manipulated sheeple here in Chinada.
Canada has everything going except the mindset of it's people, the population itself is holding it back. It could be the most industrious and wealthy country on earth
Very "" Lucky ". Like Dictatorship of Justin Trudeau freezing the Bank accounts of peasful demonstration of the Truck drivers LOL LOL Lucky as North Korea 😂😂😂😂
@@rogerburn5132 Justin will come and go. Our natural resources will always be here. Again back to my point, it's only a matter of time, and Canada will be a longterm resource play.
Its about time Canadians become literate to the mining sector fundamentals. Pension funds should be allocating percentages of their portfolio's towards fundamentally sound Canadian mining companies.
It's not age that determines corruption. How old is Trudeau and the Nazi-related Freeland? There are psychopathic people of all ages who value their own money and power even when it means killing thousands of people.
Good to hear. Since this is talking about private sector defined benefit pension plans in general it would be the company's risks for poor rates of return. There is no discussion about how THEIR corporate pension plans invest their funds and who is assuming the risk of returns. I wonder if this is a "let other peoples shareholder pay for it". The CPP/QPP funds are stealing from the taxpayers. The permitting is terrible. The infrastuucture Frank identifies comes from the tax payers while there is a government that is more interested in building bureaucracy and wokeness, not energy or roads or mines. Fund level headed politicians if you are not going to do the lifting yourself.
Why does UA-cam show me the same videos over and over? I have watched this whole interview and every time a video ends it shows some show I already watched.
I respectfully disagree with Frank regarding BRICS. He mentioned that BRICS nations are not exactly the best of friends, but in reality, the situation is much worse. China and India have a 70-year-old land dispute, while Pakistan and India have long-standing conflicts, with the latter being pro-USA and China supporting the former. Russia has historically been seen as the big brother in communism, but China no longer agrees with this dynamic. Additionally, Russia took control of outer Manchuria, which China needed for its natural resources, creating a significant issue. Brazil and South Africa are considered irrelevant in the context of BRICS. Essentially, BRICS was initially a casual idea proposed by a British economist, and China hoped it would gain traction. Another significant issue Frank overlooked is the Eurodollar. It refers to USD outside of the US that is not monitored by the US government. It serves as the primary currency, with a value of around US$30-$50 trillion(opaque), for borrowing and lending sovereign debt. If countries were to abandon the USD, they would essentially default on their sovereign debt obligations to each other. The Eurodollar system was unintentionally initiated by a woman in 1955 to bypass interest rate ceilings, and it has since become a dominant currency in international finance.
I'm the right guy taking the pardon... in the column, That's an admirable entry into such a strong opinion, ( great 🐳 eyes... plus a twinkle ✨) " my child arrived just the other day, He came into 5he world the usual way, But there were planes to catch and bills to pay, He learned to walk while I was away, And he was talking before I knew it and as he grew He'd say I'm going to be like you dad.. I'm going to be like you.."
Canada needs to do more of what China is doing in their country. Invest in Canada. Promote and nurture new and small businesses. Promote Research and development in schools and Canadian businesses. Stop the broken financialization system. Promote Main Street development. Stop the trend of wealth flowing all towards the 1%. Instead, have the flow of wealth benefit the middle class. On the housing crisis, only Canadians should be allowed to own a residential dwelling. Financial entities should be prohibited from owning and renting out any Canadian residential dwelling. Government land can also be allocated and leased out to Canadians to build their eco friendly habitats directly.
My issue with gold is portability. Difficult to “take with you” should you need to relocate. As well always a chance the govt in power decides to make it “illegal” for its citizens to own. Happened already in the USA. Am all in on BTC as it has none of these issues.
Minging needs patient investments, from investors that do not demand quick returns and that are willing to take above average risks. Where can the industry get that?
There has been an increase of mining activity in NL which can benefit from honest investment fromCPP and other source. Great opportunities in SK, Yukon for uranium developement
These guys are heavily invested in the Canadian miners sector. Now they are advocating CPP do the same. Maybe they are benevolent actors who care about the little guy or maybe they just want the CPP to pump their bags. Franky G is close to Trudeau I believe, I dont trust anyone whose close to Turdeau
You shouldn't hold it against Frank & Pierre. If not everybody, almost all people talk up in their interest, but not the opposite. I'm sure, you do the same in your daily life? :) It's human nature, mate.
Re: the validity of the attack on the Canadian pension fund USING the Australian counter part for comparison. Apples and Oranges ! (1) Most of the big mining companies in the world ARE AUSTRALIAN. These collosals are able to attract global investment and therefore high valuationa. Canadian compaiis of similar caliber are very few . It is therefore SAFER for the Australian pension fund to invest in these Austraian companies Not so in Canada You see. Pension funds DO have the mandate to ensure future payments to persioners. It is NOT an industrial policy fund. Those funds should come from another source. (2) Australia sits next to the number ONE consumer of minerals in the world, which is China. Canada doesn't. Canadian companies have a disafvantage in cost (3) Except for the Morrison era, Australia generally recognizes the importance of the Chinese market and has acted less like the vassal state of America in the rhetorics department and in policies. Canada has chosen to be hostile to China , in order to be in line with the rhetorics of its neighbor ( and boss ?) to the South. All decisions have cosequences.
Canada is making the permitting process longer because they want to hold onto their assets, while others sell off theirs via a shorter permitting process.
China learned from Germany where Germany had gold in NYC vaults and ask for it back, but I am not sure they got all. back because wall street/bank were trading that gold..
Need power in remote places? Look into slow speed underwater turbines called Waterroters made in Canada. They work in water moving 2 to 5 miles an hour.
Germany, Japan, and Greece desperately want Canada's natural gas, but Trudeau is such an environazi that there is no one that wants to risk building LNG plants here. A few years back I remember Warren Buffet backing out of buiilding an LNG plant in Quebec. So even the promise of creating jobs for his favorite province doesn't sway Trudope. Just utterly ashamed of our government. Stupid is too kind a word.
Nice LNG 3 times more expensive than Russian pipe Natural gas. Good luck to Germany and poor Greece 😂😂😂😂
@@rogerburn5132 The POINT is these countries approached US, so they were obviously willing to pay the price.
@@pastexpiry2013B yes I agree with you they have to pay the price Because USA made sure they are cut off from cheap Russian pipe line gas. So US can. sell them expensive LNG.. expensive energy create inflation my. Friend. and higher cost of producing goods. The only reason Germany was sucssesful in the past is Cheap Russian gas. Expect to pay higher prices for German goods than is if German. company's are Not already. Bankrupt 😂
Trudope said let them eat cake.
Your wish came true. BC gave the greenlight to build LNG jetty 3 days ago
Frank is 100% correct about CNBC downplaying gold for Wall St.
Even BNN downplays gold now that Bloomberg owns it. Twenty years ago BNN talked about gold everyday.
They do everything they can to keep the public from getting interested in gold.
100% with you. We feel we had enough to hear BS brainwash or manipulation from CNBC. A thought from South Korea.
Add you point 00:01
Or be l8ke a fish swimming in the Mr know-itALL
its been that way since they took us off the gold standard!
Nice to have Michelle back where she belongs, interviewing the legends. Great interview, perfectly timed and well executed on all the right topics.
TOP.. @
Hot
I'm Alaskan, and feel bad about what my Canadian neighbors are dealing with with their PM Justin T. We are dealing with the worst President in USA history with Biden as well.
Hows Alaska living?
Don't feel any pity, Trudeau is a moron voted in by morons.
Absolutely brilliant discussion. Thanks Kitco. Michelle is angelic...as usual.
Well, so they 🕵 say...
We are so screwed here in Canada.
Yup so bitcoin and bounce. Costa Rica is a lot nicer in the winter.
@@Fearzero Agreed.
It will not be long before the Bolsheviks come knocking on your door in Canada.
@@Fearzero Costa Rica has become quite a bit more expensive. I'm considering other countries myself but yes vote with your dollar and get out of Canada!
@James-il3tq yep, personally I immigrated to Panama. It's dollar based, but having the canal, they will always be a center of world trade and therefore will prosper. Panama is a territorial tax jurisdiction with safer banks.
The primary goal of the Canadian pension fund is to find the best investment returns for the pensioners and NOT to fund inefficient Canadian companies.
You're right, China doesnt respect Saint Greta Thunberg and doesnt print billions for wars around the world to bring democracy. Its very expensive hobby.
up to 30% in Private Equity, complete insanity
EXACTLY. Look at Teck, they just dumped their coal business because investors don’t want to risk investing in dirty products & extraction
@@Ofelas1 nothing wrong with private equity. Chances are it doesn't have an insane P/E ratio like Amazon or Nvidia.
Best Kitco video in months
Frank is on the mark, except for his optimism about the prospect of war. We are in a late power transition cycle where the declining dominant state is trying to reassert its position by engineering wars and applying economic coercion against rising challengers. The US share of global GDP has dropped from about 40% in 1960 to below 20% now (the composite CINC index has also been declining since 2000), which is normal for any power transition cycle. Late in the cycle, system instability rises because of hegemonic overextension across military commitments and massive deficit spending. These distortions feed back into domestic politics and economics, causing rising wealth inequality, political dysfunction, and social unrest. The bad news is that, historically, all such periods, with the exception of the British-American transition of the early 20th century, have culminated in great power war, and if history repeats itself, gold prices and the dollar will be the least of our problems. And we won’t last another generation to see who is right and who is wrong. Now is the time for people to be flooding the streets and doing peace protests. And billionaires like Frank should be chipping in for the cause instead of digging holes all over the place. There will be no advance warning when the nuclear warheads start falling from the sky.
Awesome recap. The mainstream media continues to provide the hatred against Russia and refuses to acknowledge the corrupt Ukes (and Victoria Nuland) cannot win a war against the mighty nuclear arsenal of Russia. China knows, too, that they are the next target if Russia loses. If Russia faces an existential threat, then we all do. Wake up Ukrainians and insist democracy be respected in Crimea and the Donbas.
If he wasn't digging holes you wouldn't have your cell phone on which to type your gloomy messages...
Less government, smaller government, less red tape, 0 deficits are the answer.
It's always the same, it's just a shame, that's all
No chance in Fiat currencies. system 😂😂😂
Put TrueDot into jail, to show a new era has started
Great discussion!! Thank you !
Wondering if streets of gold could be... a date?
Left Canada for Thailand…better quality of life.
Say my name and hush the sea.. ...
If quality of life means servants without first world culture
@@coffeecupman without first class service. Because there's a language barrier... That's probably not an issue.
Cattle Barron's Club.. " once you see me , there, .. 8 on the list 📃
I went to Philippines and live on a nice Little island
@@cristinavillegas2229 Who gives a shit?
15 minutes in and I don't know if I will be able to stand it: "Who is expected to invest in Canada, if not we?" says the international billionaire investor, who is not happy, if governments do not recognize undervalued treasures? Playing the patriotic card instead of mentioning profitability, free cash flows? Rick Rule recently said, that the mining industry is so badly managed, that from 2000 to 2011, from the low of gold to its high - what 300 to 1600 IIRC? - the miners had LESS FCF per share at the hight of the gold price!
And these bilionaires now come along and lament about a lack of patriotism, knowing very well, that this is only attracting dumb money, while clever money ignores patriotic feelings and invests in (potentially) highly profitable businesses. These two guys should lament about the parasitic managements in the mining sector, who are only riding waves and hand out private placements at 50% discounts in bull markets, while the ordinary investor is being fooled with doom and gloom propaganda into buy and hold in the most cyclical sector.
☘ plug-into that ☘.. hold a compass ☘ .. I don't practice sangria, I ain't got no crystal balls, .., if I had a Million
dollars well, I probably spend it all. ☘
Thank you Michelle, good discussion. Canada is very badly managed in all areas.
Product of its voters. In democracies ultimately its/leaders are a reflection of its voters.
Sorry folks... Canada's environment minister Steven guilbeau says no more new roads!
Or cars, or meat. Eat zee bugs and enjoy your 15 minute cities!
Canada's environment minister. Bought to you by Canada's competition
He’s taking his orders from his boss Claus Shwaab of the World Economic Forum. The WEF has only allowed Jeff Bezos & Bill Gates to take over the global mining space going forward. Frank & Pierre have already made their fortune. Going forward no go.
As a Canadian yes our prime minister has sabatoged the country via Indians
More so with immigration. Over a million people let in the past few years, and absolutely NO pre-planning on where these people will live. Now the majority of people pay higher rent and cannot afford to buy a house.
This talk is spot on. Not investing in Canada is a huge problem and to have our current PM increasing carbon tax (punitive tax on productivity) is completely backwards. We are in desperate need of quality leadership in Canada. Someone who actually believes in Canada and wants to inspire the population. Not this current train wreck
If voting mattered it would be outlawed.....enjoy your communist future
The mines in Canada tend to be located in far away, hardly inhabited places.
Frank is right to remind the audience that Canada needs to build the infrastructure for the mining industry in Canada to be viable?
A question to Frank? What kind of government spending are you talking about to build roads and electricity infrastructure to places like the Ring of Fire?
Can Canada afford it ?
considering that you youself, (not just the the Canada Pension Fund) have not invested in Canada?
Good job thanks!
An amazing Talk.....Well Done!
To put Law and the USD in the same sentence is ludicrous
In Gold we Trust!
In Bitcoin we trust!!!
You're both wrong. In God we trust ✝️🙏
@@James-il3tq God created Gold, humans created Bitcoin :-)
@@James-il3tq
There is only 1 true God.
The almighty dollar, Mean Green 💵
Gold been around 5000 years Bitcoin was created by someone
God created gold. God created math.
Quantum computers break digital cryptography.
Lol doesn’t matter, supply and demand is all that matters
Horses have been around for 10,000 years. Cars have been around for 130 years and were created from someone
@@richchay 😂😂😂
Canada is great at Self-flagellation and Trudeau is its cheerleader.
Goes hand in hand with their woke ideology and white self loathing.
Yeah, but we have a booming rainbow flag industry!
As someone who works in mining permitting in Canada, I can attest that the answer is YES
💴 yes
The main problem is the permitting. The Pension Fund goes elswhere for exactly the reason Frank did not do business in Canada.
I disagree with Pierre and Frank and agree with Michelle: The pension fund has a responsiblity to the pensioners to go where the best returns are. The Government has to cut the permit time to 18 months and if it is not given, the Miners can start building what they asked for.
Permit or not. End of Story. Then the Pension Fund will happily invest in Canada again and foreighn money will flood the Mining sector.
If it works like this no Government subsidies are necessary. It would be so easy to bring the country back to what it once was.
I am a German Citizen and emitgrated to Canada in 1982 because in comparison it was the country of the future. My wife and I started a remanufacturing business on Vancouver Island and created 50 jobs. Beginning of the 90s I saw the country becoming just as bad in governmental nonsens as Germany was in the beginning 80s. Luckily we were bought out by one of the Majors in the Industry and we were able to get the hell out of Canada. But that stage was nothing compared what Canada is like now. I watch the change from far away now and can not believe that this great nation is going down the drain. It makes make incredibly sad. Politics is concerned with all kinds of completely unimportent nonsense instead of counting on the strength this wonderful country has.
It seems this government of dreamers will bankrupt the country. WHEN ARE THE VOTERS WAKING UP BEFORE IT IS TOO LATE????
As a Canadian I have to agree whit you guys well said. Sa long as Trudeau is in office we will continue to go down.
Excellent information and discussion. Thanks to all three of you.
Bank of canada owns zero gold
Their plan is to bankrupt the country so private banks can "lend" money to the govt at interest.
That's where the so called national debt comes from and it's all bogus.
This is why we will be one of the first to get a CBDC - Its coming - Make sure you have some silver, gold, bitcoin in your possession - Not much you can do if the people want to be sheep - You can convert as you need it but make sure you own it - We have a network of people that are using it to pay for services (we have a morning price and an afternoon price)
Great interview
All Canada needs to do is act in its own self interest ... just like the BRICS+ alliance. No cohesion, just national need. Don't play lap dog for WEF, look after your own country and people. Trade in good faith and you'll find it will be Win/Win, don't try the age old Western philosophy, take take take, earn your place in the world.
Too many banksters trying to loot the country, set up rent seeking systems, and getting their tentacles 🐙 into govt to loot the people.
Until the corrupting influence of central banking and fiat money are done away with, I don't see any hope.
Can you tell Trudeau and Freeland that ?
It's our time right now to prosper but...
Brilliant, brilliant, brilliant show.
"I don't like talk my own book" ... after talking his own book for over an hour.
frank knows the canadian mineral markets fly a red flag. did he mention that?
ill watch anything with this lady in it
You can reinvent a gold standard to support a government that runs surplus. But you can’t if it runs deficit. The problem is all currencies are destined to get devalued hence a government is destined to run deficits
A solution to solve this problem woulld be great to support a new system.
Great interview, more question then answers
My gold view is, price doesn’t mater, the ratio to silver is a better question to ask.
2025- gold over 3000$ and silver around 50$
Thank you kitco and gentlemen!
There's always an alternative. But I stay away from tuna.
Gold, silver and commodities are real money. My preferred wealth alternatives.
Fiat currencies are nothing more than MOPE induced debt enslavement.
Many good things about Canada!! But we are now focussing on external factors like Ukraine, Middle East and satisfying United States than building up our own country financially and through social fabric and economically. It is like 1990s Japan when that economy did not surpass than the 5T mark. Canada is at 2T mark but not going up too far. Build Canada should be our motto rather than crocodile tears and being politically correct etc.
Another outstanding program with sage and honest voices, good advice, and probing questions. I think Frank is right about change coming sooner rather than later.
Scar tissue that I wish you saw.. sarcastic Mr know it all,
close your eyes and I'll kiss you, cause with the birds I'll share.
A/c d/c ,( more romantics :)
Frank good business man and humour.
Love your show
"Is Canada Failing Its Resource Sector" Liberal Party has failed Canada. Canada and its people rock!
Canadians voted Trudeau and Liberals multiple times. Also large support for NDP (democrats) that are even more Left wing socialist then Liberals. Green party support also growing in popularity. Yes Liberals will be voted out next election (with unelected coalition government) but so much damage has already been done. The problem is Canada is extremely investment unfriendly with regulatory nightmares (thanks to unfriendly governments). Gentlemen in this video are correct but only lobbying for their own investments in precious resources. Laughable their solution is for EVEN MORE government regulation 😂
If you think Canadians or many other citizens around the world actually "voted" any of the so called " leaders into power ,think again. Time will prove the world is currently run by appointed puppets! 🇨🇦🇨🇦🇨🇦🇺🇲🇺🇲🇺🇲
they don't rock, the government is the reflection of people. If people vote for communist (or liberal in modern world) government then the people made the mistake, so they should look in the mirror not blame someone else
28 likes.. and you haven't yet seen the TOP... hehe
I love the people in Britain I just hate the political parties who only care and serve the donor class.britain is the best country to be a citizen of
Canadian peso coming soon! Canada is failing on every metric.
Canada bulivar 😂😂😂😂
I think we Need to Make Canada Great Again !
@@luap2551 But you are going to have your Bank account frozen by Dictator Justin Trudeau 😂
I think the only metric we do well is on the production of rainbow flags and the world-wide virtue-signalling index.
@@pastexpiry2013B corekt 😊
Get rid of trudeau.
The price of gold should be set by the market and not the Chinese, or any other government.
Right Now the Chinese and Russians are the Market - US has the printing press
You prefer the paper price used by Wall street ??? It's not the Chinese setting the price, it is their citizens and most citizen of asian countries that treat gold as REAL money, which it is. I trust that a hell of a lot more than anything coming out of wall street.
"Who will invest in Canada if Canadians don't?"
Wife responded, "raindeer."
Putin says: Yaah. Trudeau says: Duuh.
Two timing..☘ shamoo
🦕 dipping
I hope Mr Pollivere listens to this !
Frank is on my playlist
Another honest video bringing people to tell the truth about European monopoly on Gold and China bringing balance back to the world.
Frank never dissapoints
Of course, there is under investment in Canada. Look at the head of government.
Aussie, Aussie, Aussie! Oi, Oi, Oi!!!
Has anyone here who has read 'The Creature from Jekyll Island' think that this is all by design?
Muwahaha
G Edward Griffin . The creation of the Federal Reserve Bank.
Add that lightening bolt hairdo... on a body double
Not sure if I missed it but what miner wa Frank referring to when he stated extremely cheap miner way undervalued.
Right now in Canada ,if we raised the royalties on gold to 98% for one year that would be enough gold to set the value of the dollar to gold at 0.1% .gold at 2300 ounce equals the Canadian dollar at 2.30 cents US .
And who exactly would we sell our goods to at that point? At least half our trade is because our currency is worth less than the US dollar.
@@pastexpiry2013B all goods are sold in USA dollars.
@@pastexpiry2013B and yes we sell are resources at a25% discount to the USA only to buy it back from the USA at a 25% increase.
@@brianrobertson7012 Which goods in US dollars are going to be cheaper.... ones where workers are paid in US dollars or ones where workers are paid in pesos ? Your comment is non-sensical
@@pastexpiry2013B you do not understand economics or do you understand the value of the dollar or lack of I would guess you work for the banks or hedge funds.
Exceptional! Thaank you!
Frank makes total sense!
So true!
47:07 Frank states America has "declared" the largest gold holdings in the world, but he thinks that's not entirely true. He then back tracks into he thinks China has the largest gold holdings in the world?
Canada is one of the luckiest countries on earth. We will eventually turn around on mineral mining policies, and will be well positioned on the global stage. A long term macro play ready to pop
Canada has everything going for it except your curse is Justin Trudeau.
Culture needs to change for that to happen. As of now majority of Chinadians are collectivist, compliant socialists. Not much appreciation in this country for free market capitalism or personal responsibility. See 2020 viral situation how 99% rolled up their sleeves and wore face diapers. Zero critical thinking skills. Easily manipulated sheeple here in Chinada.
Canada has everything going except the mindset of it's people, the population itself is holding it back. It could be the most industrious and wealthy country on earth
Very "" Lucky ". Like Dictatorship of Justin Trudeau freezing the Bank accounts of peasful demonstration of the Truck drivers LOL LOL Lucky as North Korea 😂😂😂😂
@@rogerburn5132 Justin will come and go. Our natural resources will always be here. Again back to my point, it's only a matter of time, and Canada will be a longterm resource play.
Frank. ...top man 👍
Its about time Canadians become literate to the mining sector fundamentals. Pension funds should be allocating percentages of their portfolio's towards fundamentally sound Canadian mining companies.
This is a sports center..
Work hard, you'll find, one day you'll have a job like mine.
nobody wants war? Think again rich boomer.
😂😂😂😂😂 candy and rainbows
Fourth turnings show war is likely.
nobody except politicians
It's not age that determines corruption. How old is Trudeau and the Nazi-related Freeland? There are psychopathic people of all ages who value their own money and power even when it means killing thousands of people.
Thanks Michelle always. You have the most intriguing interviews. Well done darling ; ) 🙏
Larry FINK. The perfect description.
Good to hear. Since this is talking about private sector defined benefit pension plans in general it would be the company's risks for poor rates of return. There is no discussion about how THEIR corporate pension plans invest their funds and who is assuming the risk of returns. I wonder if this is a "let other peoples shareholder pay for it". The CPP/QPP funds are stealing from the taxpayers. The permitting is terrible. The infrastuucture Frank identifies comes from the tax payers while there is a government that is more interested in building bureaucracy and wokeness, not energy or roads or mines.
Fund level headed politicians if you are not going to do the lifting yourself.
Biggest question is why are mining stocks not following the metal price? In fact they going in opposite directions can someone explain this please…
Why does UA-cam show me the same videos over and over? I have watched this whole interview and every time a video ends it shows some show I already watched.
M.Poilievre is going to be our new PM. justInflation has to go as soon as possible !
WOW Michelle, I rarely make such comments but that dress is absolutely stunning on you. Geortgeous ! 🎉🐣
She is the 👌 👍
Shhhhh, don't mention Bitcoin.
wow, Canada seems to get wackier and wackier everyday.
I respectfully disagree with Frank regarding BRICS. He mentioned that BRICS nations are not exactly the best of friends, but in reality, the situation is much worse. China and India have a 70-year-old land dispute, while Pakistan and India have long-standing conflicts, with the latter being pro-USA and China supporting the former. Russia has historically been seen as the big brother in communism, but China no longer agrees with this dynamic. Additionally, Russia took control of outer Manchuria, which China needed for its natural resources, creating a significant issue. Brazil and South Africa are considered irrelevant in the context of BRICS. Essentially, BRICS was initially a casual idea proposed by a British economist, and China hoped it would gain traction.
Another significant issue Frank overlooked is the Eurodollar. It refers to USD outside of the US that is not monitored by the US government. It serves as the primary currency, with a value of around US$30-$50 trillion(opaque), for borrowing and lending sovereign debt. If countries were to abandon the USD, they would essentially default on their sovereign debt obligations to each other. The Eurodollar system was unintentionally initiated by a woman in 1955 to bypass interest rate ceilings, and it has since become a dominant currency in international finance.
I'm the right guy taking the pardon... in the column,
That's an admirable entry into such a strong opinion,
( great 🐳 eyes... plus a twinkle ✨)
" my child arrived just the other day,
He came into 5he world the usual way,
But there were planes to catch and bills to pay,
He learned to walk while I was away,
And he was talking before I knew it and as he grew
He'd say I'm going to be like you dad.. I'm going to be like you.."
Ive never seen michelle smile and laugh as much ad in this interview
Canada needs to do more of what China is doing in their country. Invest in Canada. Promote and nurture new and small businesses. Promote Research and development in schools and Canadian businesses. Stop the broken financialization system. Promote Main Street development. Stop the trend of wealth flowing all towards the 1%. Instead, have the flow of wealth benefit the middle class. On the housing crisis, only Canadians should be allowed to own a residential dwelling. Financial entities should be prohibited from owning and renting out any Canadian residential dwelling. Government land can also be allocated and leased out to Canadians to build their eco friendly habitats directly.
My issue with gold is portability. Difficult to “take with you” should you need to relocate. As well always a chance the govt in power decides to make it “illegal” for its citizens to own. Happened already in the USA. Am all in on BTC as it has none of these issues.
BC NDP government is currently rewriting the Mineral Tenure Act. can’t see that being positive.
Minging needs patient investments, from investors that do not demand quick returns and that are willing to take above average risks.
Where can the industry get that?
THE TAG TEAM CHAMPIONS OF THE MINING INDUSTRY WOW!
There has been an increase of mining activity in NL which can benefit from honest investment fromCPP and other source. Great opportunities in SK, Yukon for uranium developement
These guy are right on!
Sorry Mr. Fink!
Have these dudes actually done shit to influence Canadian leadership??!!
Why are nuclear weapons allowed at all 🤦
Necessary for future alien invasions.
Because you can't stop technology 😂😂
I thought the sp500 has out performed gold the last 50 years by a lot?
These guys are heavily invested in the Canadian miners sector. Now they are advocating CPP do the same. Maybe they are benevolent actors who care about the little guy or maybe they just want the CPP to pump their bags. Franky G is close to Trudeau I believe, I dont trust anyone whose close to Turdeau
You mean Blackface? 😅
You shouldn't hold it against Frank & Pierre. If not everybody, almost all people talk up in their interest, but not the opposite. I'm sure, you do the same in your daily life? :) It's human nature, mate.
Justine Castreau.
Theres a difference between pumping your bags and advocating for policy that structurally and by law pumps your bags with the pension of a nation.
Politics isn't common sense. It's an incentive system. Unfortunately the incentives are not aligned to the betterment of society. Fix the root cause.
Go Canada!
Re: the validity of the attack on the Canadian pension fund USING the Australian counter part for comparison.
Apples and Oranges !
(1) Most of the big mining companies in the world ARE AUSTRALIAN. These collosals are able to attract global investment and therefore high valuationa. Canadian compaiis of similar caliber are very few . It is therefore SAFER for the Australian pension fund to invest in these Austraian companies Not so in Canada
You see. Pension funds DO have the mandate to ensure future payments to persioners.
It is NOT an industrial policy fund. Those funds should come from another source.
(2) Australia sits next to the number ONE consumer of minerals in the world, which is China. Canada doesn't. Canadian companies have a disafvantage in cost
(3) Except for the Morrison era, Australia generally recognizes the importance of the Chinese market and has acted less like the vassal state of America in the rhetorics department and in policies.
Canada has chosen to be hostile to China , in order to be in line with the rhetorics of its neighbor ( and boss ?) to the South.
All decisions have cosequences.
Canada is making the permitting process longer because they want to hold onto their assets, while others sell off theirs via a shorter permitting process.
It all started Feb 29-Mar1 for metals, I called it
Who owns the resources in this country ???
China learned from Germany where Germany had gold in NYC vaults and ask for it back, but I am not sure they got all. back because wall street/bank were trading that gold..
Need power in remote places? Look into slow speed underwater turbines called Waterroters made in Canada. They work in water moving 2 to 5 miles an hour.
Gold can be manipulated, Bitcoin can't, enough said.
Bitcoin has No intrinsic value just price. Up and down sometimes by 50 % No value 😂😂😂
Don’t kid yourself on PRC intentions on Taiwan. It is their highest desire of this century!
They are tired of currancy back buy nothing and watching the buying power go down from there saving
Mining is politics
Why don't you just let me be?
I do such a good job back home..l thought maybe help Canada 🍁.. plus kate