'Perfect storm' for gold, silver to rally substantially says Yamana's Peter Marrone

Precious metals are not done rallying in our current economic environment, and in the next bull run, silver is likely to outperform gold said Peter Marrone, executive chairman of Yamana Gold.

“It’s difficult for me to predict where the gold price will be on a short-term basis, but as well, I appreciate there’s an element of speculation in this discussion. It’s very difficult to see in the intermediate and over the longer term, directionally, gold prices do not go to higher levels than it is today. And given the amount of monetary stimulus and fiscal stimulus in the world and likely going to increase, the amount of government debt to GDP, I’m not suggesting that this is not tolerable, I am suggesting that this is the perfect storm for gold price to go to higher levels,” Marrone said.

0:00 - Yamana's 2020 financials
6:19 - Lessons in operating efficiencies
7:46 - Inflation
9:30 - What happens if there's an accident
13:47 - Production guidance
15:32 - Yamana's acquisition of Monarch Gold
23:38 - Gold and silver price outlook
26:50 - Zero emissions target
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?r...
Twitter -   / kitconewsnow  
StockTwits - https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today...
Live silver price and charts: http://www.kitco.com/silver-price-tod...

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscriptio...

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/


Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.