ITM Trading, Released on 4/23/25

“Gold is a seat in a lifeboat,” says Lawrence Lepard, Managing Partner at Equity Management Associates and author of The Big Print: What Happened to America and How Sound Money Will Fix It. In our recent interview, he tells Daniela Cambone that compared to Bernanke’s era, the scale and speed of current monetary intervention have significantly increased. He estimates the next wave could involve $7–10 trillion. “Each time it gets bigger. Bernanke printed two, three trillion in three, four years. Powell printed five trillion in 18 months. This one, I think, will be between seven and ten.” The solution to the currency crisis, he suggests, could involve a return to a gold-backed currency. “What I’m advocating for is a one-time reset as opposed to another 10 or 15 years of pain… a sound money future would clearly be better.” He further predicts that this reset could drive gold prices significantly higher, suggesting it could “easily hit 5,000, maybe this year.”

00:00 Trump and Powell
4:26 US dollar
5:31 Andrew Jackson
7:43 Weaker dollar
8:59 High inflation
9:38 Treasury market
11:44 Banking system
12:27 Financial system reset
14:56 Gold
19:46 Housing market
21:21 National debt
25:58 BRICS
26:58 Concluding words

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.
Robert Malone

  gold, Lawrence Lepard, money printing