Kitco News, Released on 4/5/23
For Part 2 of this interview, CLICK HERE
In part 1 of this two-part interview, Larry Lepard, Managing Partner and Founder of Equity Management Associates, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the unfolding de-dollarization trend, and why Lepard thinks the dollar as we know it will end within the decade. He explains why he thinks gold and Bitcion are the best safe havens for investors, and provides his price forecast for these assets. Lepard explains why he forecasts hyperinflation in the U.S., as the government prints money to pay down increasing debt, and why this will be accompanied by a ‘serious downturn’ that could rival the Great Depression. He closes with his thoughts on the challenge to dollar hegemony from the BRICS nations, which are looking to form a reserve currency to rival the U.S. dollar.
0:00 – Dollar debasement
4:12 – Investment thesis
6:46 – Satoshi’s identity
10:48 – Debt implosion
16:18 – Fed policy
18:45 – Another Great Depression?
22:40 – Stock market crash
25:40 – Stagflation with hyperinflation
31:30 – Restructuring the dollar
32:28 – BRICS reserve asset
42:19 – Gold
46:00 – Multipolar world
52:25 – ‘End of the road’
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.