Talking to 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 unsuitable path, which I imagine will finally 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 will purchase the bonds,'” he defined on the sidelines of the New Orleans Funding Convention.
Lepard believes it is vital to carry each gold and Bitcoin, noting that the one unsuitable allocation is zero.
“I absolutely anticipate Bitcoin’s going to go to US$200,000, and I absolutely anticipate gold’s going to go to US$5,000 (per ounce) within the subsequent couple of years,” he stated. “All of the struggling gold inventory holders on the market … we will be very pleasantly shocked.”
Watch the interview above for extra from Lepard on gold and Bitcoin, in addition to silver. You can even click on right here to view the Investing Information Community’s New Orleans Funding Convention playlist on YouTube.
Do not forget to observe us @INN_Resource for real-time updates!
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 mirror 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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