“I Could Not Be More Bullish”: Pierre Lassonde’s $17,250 Gold Target

Pierre Lassonde is cited as aggressively bullish on gold, with Kitco’s teaser pointing to a $17,250/oz target and comparing today’s backdrop with the late 1970s. The source says gold is already holding above $4,700/oz and silver is in the $80-$85/oz range, framing the move as the early phase of a new bull market rather than a late-cycle spike. The key argument in the description is macro-driven: Lassonde points to $40tn of U.S. debt and persistent deficits as forcing a structural re-pricing of hard assets. The setup implies his bullish case is less about near-term jewelry demand or mine supply and more about fiat confidence, debt monetization risk, and investor rotation into monetary metals. For traders, the message is that the bullish narrative is being anchored to sovereign balance-sheet stress, which can keep dips bought if real rates fall or fiscal concerns intensify. The near-term risk is that the transcript is unavailable and the piece reads like a teaser, so the exact roadmap to $17,250 is not visible; still, the quoted price levels imply a very strong momentum/valuation re-rating thesis for both gold and silver.