It Is ‘Just A Matter of Time’ before Gold Rises 5x Or More: Lawrence Lepard
The comments below are an edited and abridged synopsis of an article by Fringe Finance
Lawrence Lepard released his most recent investor letter a few days ago with an updated take on the changes occurring in monetary policy globally as a result of the Russia/Ukraine conflict.
He explains how this landscape has changed in the past, and what could be coming in years ahead.
Up for discussion: Bretton Woods I—1944 to 1960s; 1960s—deficits drive a run on gold and the ultimate failure of the London Gold Pool; 1970s—Nixon closes gold window given the run on gold; and paper gold suppression.
“As concerns our portfolio upside, we think it’s just a matter of time until we get that mid-late 1970s 5x+ gold price acceleration. The reason this has not shown up in the gold price is due to the suppression scheme which until recently was perfected by the Western Central banks and the Gold Cartel. Some Bitcoin enthusiasts like to say Bitcoin is going to steal all of gold’s monetary premium. Gold bugs laugh at this because there is not much premium in gold to steal. On average, gold costs about $1,200 per ounce to mine and the sales price of $1,970 barely compensates for the capital costs to build mines and replace reserves.”