GOLD TELEGRAPH CONVERSATION 23: PETER MARRONE "But this bubble is a lot bigger than the bubbles we've seen before." What happens when the AI bubble bursts? Could the next great wave of investment capital flow into gold? In this wide-ranging conversation, Peter Marrone, the founder of Yamana Gold, shares his outlook on the future of gold, why he believes the technology sector is experiencing a historic bubble, and how a potential rotation of capital could trigger an enormous revaluation of mining companies. Peter believes we are approaching something potentially more significant than the gold bull markets of the early 2000s and the aftermath of the 2008 financial crisis. Peter Marrone is the founder of Yamana Gold and Allied Gold, a former investment banker and lawyer, and one of the mining industry's most accomplished company builders. Thank you for joining me, Peter. TIMESTAMPS (00:00) – Introduction (01:04) – What Continues to Drive Peter? (01:50) – From Italy to Canada: The Early Years (06:22) – Building Yamana Gold Into a $5 Billion Company (08:47) – Why Gold Could Reach $10,000 an Ounce (12:09) – Central Banks, Gold Accumulation & the Future of Reserves (15:21) – Why This Gold Bull Market Could Be Unlike Anything We've Seen Before (17:04) – Why Gold Mining Companies Remain Undervalued (18:05) – Niagara Falls Through a Garden Hose: The Coming Flow of Capital Into Gold (19:00) – Allied Gold & the Ambition to Double Gold Production (25:20) – Why Africa Could Offer Some of the World's Best Mining Returns (28:15) – The $5.5 Billion Chinese Takeover Offer & What Happened Next (32:13) – What else Peter Marrone is involved with (39:05) – How Peter Marrone Identifies Deep Value (41:34) – The Next Generation of Mining Entrepreneurs (43:34) – What the Public Is Missing About the Global Economy (44:31) – The AI Bubble