Chatting with the Investing Information Community, Lawrence Lepard, managing director at EMA, voiced his ideas on the outlook for gold and Bitcoin because the debt doom loop intensifies within the US.
“I name it a doom loop — it is a vicious circle within the flawed course, which I consider will in the end result in the federal government having to say, ‘Okay, this is not going to work. We’re going to institute yield curve management or QE, or we’ll purchase the bonds,'” he defined on the sidelines of the New Orleans Investment Conference.
Lepard believes it is vital to carry each gold and Bitcoin, noting that the one flawed allocation is zero.
“I absolutely count on Bitcoin’s going to go to US$200,000, and I absolutely count on gold’s going to go to US$5,000 (per ounce) within the subsequent couple of years,” he mentioned. “All of the struggling gold inventory holders on the market … we’ll be very pleasantly stunned.”
Watch the interview above for extra from Lepard on gold and Bitcoin, in addition to silver. You can even click here to view the Investing Information Community’s New Orleans Investment Conference playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.
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