Frank Giustra Warns of ‘Dozens of Black Swans’ but Refuses to Sell Gold

Goldcorp founder Frank Giustra, once called delusional for buying gold in 2001, listed three conditions for selling his holdings: world peace, honest politicians and benevolent bankers. He foresees dozens of black swans ahead and renewed QE, noting central banks have placed a floor under the price by steadily buying gold.