Wealthion, Released on 9/9/25

Gold is breaking out, and legendary investor Larry Lepard explains why he believes it could soon reach $4,000 as debt, inflation, and Fed policy trap the U.S. economy. He warns we’ve entered an inflationary decade, making gold the ultimate cornerstone of wealth protection, and gold miners a rare and alpha-generating opportunity. While he briefly touches on silver and Bitcoin, Lepard’s message is clear: gold’s best days are still ahead.

0:47 – Gold, Silver or Bitcoin: What’s Larry Most Bullish On?
5:15 – Silver to $60–$70 This Year?
13:32 – Gold’s Near-Term Path: How High, How Fast?
22:55 – September FOMC: What Will Powell Actually Do?
24:36 – Just How Big Could the Fed’s Balance Sheet Get?
34:37 – Beaver Creek & Denver Gold: What’s Larry Hunting For?
38:57 – Position Sizing: How Many Stocks Should You Own?
40:41 – Beaver Creek or Colorado Springs: Which Matters More?
47:25 – Fresnillo & MAG: Why Not Buy the Other Half?
50:26 – Bitcoin’s Cycle Check: Where Are We Now?

Lawrence W. Lepard founded Equity Management Associates. Currently, he is Managing Partner at Equity Management Associates LLC and Limited Partner at Johns Creek Partners LLC. He is also on the board of Amarillo Gold Corp. and Rise Gold Corp. In his past career he occupied the position of Principal at The Cue Ball Group LLC, Partner at Summit Partners LP, Managing General Partner at Geocapital Partners LLC, Investment Associate at Continental Illinois Venture Corp., Financial Analyst at Smith Barney Harris Upham & Co., Inc. and Financial Analyst of Citigroup Global Markets, Inc. (Broker). Mr. Lepard received an undergraduate degree from Colgate University and an MBA from Harvard Business School. His latest book is The Big Print: What Happened To America And How Sound Money Will Fix It.

  bitcoin, gold, investing, Lawrence Lepard, silver