Description
Frank Giustra has a simple test for giving up on gold: give him “world peace, honest politicians, and benevolent bankers.” The Lionsgate founder, who helped turn a tiny company into Goldcorp when gold sat under $300, tells Kitco News anchor Jeremy Szafron at the New Orleans Investment Conference that we’re getting none of the three, and his gold thesis still holds.
Giustra says central banks are slowly replacing dollars with gold, building a floor under the price that won’t go away. What’s missing, he says, is the crowd. He sees no “Lamborghinis in the driveway” and none of the frenzy of the 2003 to 2008 run, when he was doing a deal almost every second day.
The Fiore Group CEO also warns that oil could go a lot higher if the U.S.-Iran conflict escalates, with Brent already above $110. As diesel costs squeeze the miners, he expects the majors will eventually have no choice but to buy juniors, including those holding big copper deposits. He also shares the lessons behind his new memoir, The Money Dilemma, out Nov. 3.
This interview was recorded on Oct. 29, 2026.
Special thanks to our sponsor, Dakota Gold, for making this coverage possible.
To learn more, visit: https://dakotagoldcorp.com/
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00:00 Welcome to the New Orleans Investment Conference 2026
01:00 $110 Brent and the Risk of Another Strike on Iran
04:34 Behind the Scenes of US-Iran Diplomacy
05:53 Who Profits From War and What It Means for Gold
08:10 The Ego Trap That Keeps Wars Going
09:19 The Midterms and the Political Fallout Ahead
12:18 Rising Diesel Costs and Gold Mining M&A
15:25 Copper’s Supply Deficit and Billion-Ton Juniors
16:49 Colombia’s New Government Courts Mining
18:37 Gold Under $300 in 2001 and the Goldcorp Story
21:19 No Retail FOMO in Gold Stocks Yet
22:39 Retiring at 39, Then Bre-X
23:46 Tough Love From a Sudbury Miner Father
25:26 The Money Dilemma Explained
26:38 Finding Purpose Through Philanthropy
27:41 Wealth Concentration and Social Unrest
30:05 Five Secrets to a Balanced Life
32:34 Pitching Gold at $4,000 Like a Movie
35:08 Buy and Build, the Goldcorp Formula
36:47 The Hardest Chapter to Write
39:11 Lionsgate, Cash Flow and Closing Thoughts
#Gold #Copper #Mining
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