Stansberry Research, Released on 9/24/21
The Federal Reserve is walking a very thin line between too much inflation and deflation caused by tapering, says Lawrence Lepard, Equity Management Associates Founder and Managing Partner.
Lawerence tells our Daniela Cambone that the Fed is in reactive mode, with inflation not being transitory. He says the Fed is playing the “bad cop” narrative towards cryptocurrency and gold traders.
“Gold is the safest long-term hold form of money in the world, bar none,” he says. “[Gold] is like what treasury bonds used to be,” he continues.
Lawrence claims gold prices will only go up from here suggesting that, “we’re going to $2,000, then we’re going to $3,000.”
Lawrence says that the Fed will continue to hit the guardrails of inflation and deflation, which will drive more investors to gold and cryptocurrencies.
Lawrence W. Lepard founded Equity Management Associates LLC. 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.