The Contrarian Capitalist Podcast Norsemont Mining - A potential 10x/20x bagger?
Nov 20, 2025
In this engaging discussion, Marc Levy, Chairman and CEO of Norsemont Mining, shares his extensive expertise in the mining sector. He dives into the evolving sentiment in the gold market, discussing key shifts such as Goldman Sachs' recommendation for a 20% gold allocation. Marc offers ambitious gold and silver price targets, and explores the implications of recent mining results. He also highlights Norsemont's project in Chile, detailing its potential and the strategic advantages of their local operations and expert team.
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Fear Is Now Driving Precious Metals Demand
- Marc Levy says precious metals demand is shifting from consumption to fear-driven protection and portfolio diversification.
- He argues this paradigm shift is un-winding historical price repression and boosting gold and silver demand.
Increase Your Gold Allocation
- Marc Levy suggests individuals hold a meaningful allocation to gold, increasing from his earlier 5–10% recommendation.
- He recommends investors reconsider advisors who don't include gold in client portfolios.
Gold Prices Could Spike Quickly
- Marc Levy updated his gold targets and endorses bank forecasts of $4,600–$5,000 by mid-2026.
- He allows for a parabolic retail-driven spike to $7k–$9k during rapid allocation shifts.