Pierre Lassonde: The 1% Shift That Sends Gold to $25,000 🚀

August 27, 2026

AI Summary

5 min read

Pierre Lassonde, the legendary mining financier and former chairman of Newmont Mining, made a striking prediction in a recent interview: gold could reach $25,000 per ounce. The number sounds fantastical, but Lassonde’s reasoning is grounded in a simple, mechanical arithmetic of supply and demand. He argues that a modest shift in global savings behavior—just one percent of the world’s financial assets moving into gold—would be enough to produce that price, because the total stock of gold is fixed and vanishingly small relative to the scale of global capital.

The fixed supply constraint

Lassonde’s core premise is that gold is the ultimate monetary asset precisely because its supply is essentially fixed. All the gold ever mined in human history—roughly 221,000 metric tons—is still above ground, mostly in the form of bars, coins, jewelry, and central bank reserves. Unlike fiat currency, which central banks can print at will, or cryptocurrencies, which can be created by software, gold cannot be manufactured. “You cannot create it,” Lassonde says. “You just add one more, one more, one more. No, no, gold is a fixed supply.”

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What you'll learn

1 (00:04) **Opening Hook: The $25,000 Gold Thesis** - The host introduces the incredible prediction of $25,000 gold and teases that a legendary figure is about to explain how it's possible.
2 (00:34) **Pierre Lassonde: The Expert Weighs In** - Pierre Lassonde begins his argument: gold is returning to the global financial architecture in a big way.
3 (00:55) **The Core Mechanism: The 1% Shift** - Lassonde introduces the central thesis: if just 1% of world savings shifts into gold, the price hits $25,000.

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Show Notes

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