Kitco News, Released on 11/25/24

The U.S. debt problem could trigger a “serious economic issue” in the next two years, Lawrence Lepard, Founder of Equity Management Associates, tells Kitco News anchor Jeremy Szafron on the sidelines of the New Orleans Investment Conference. Lepard points out that Bitcoin and gold’s record highs are evidence of sovereign debt and currency crises already taking place. He weighs in on a possible debt reset in the U.S., which could see gold revalued to between $20k-$80k an ounce. Lepard also discusses what will happen if the U.S. stock market starts to break and when to expect the next massive round of the Federal Reserve’s money printing.

00:00 Introduction: U.S. National Debt Crisis
00:53 Debt Breakdown
02:27 Macro Outlook
04:02 Sovereign Debt and Currency Crisis
04:49 Gold and Bitcoin as Sound Money
09:09 Federal Reserve’s Dilemma
12:16 Global Economic Outlook
21:58 Investor Sentiment
23:19 What’s Next?

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.

  bitcoin, debt crisis, federal reserve, gold, investing, larry lepard