Lawrence Lepard: During Uncertain Monetary Conditions Gold and Silver is Where You Want to Be

To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com

Tom welcomes Lawrence Lepard back to discuss the markets, gold, and the current disastrous state of the economy. Lawrence says, “What politicians and bankers are doing today is absolutely criminal. When they play with the value of money, they are playing with fire, and that can destroy a society. Having gold is a very good way of preserving your wealth, and in a year or two, investors in gold are going to look far from crazy.”

The US appears to be heading rapidly toward 30 trillion in debt with at least a four trillion-dollar deficit this year, probably much higher. Now that the US has crossed the bridge of direct monetization, this trend will likely continue.

Once people realize that cash assets are rapidly falling in value, expect a general rush to gold and silver. The possibility of the US dollar becoming worthless is no longer that far-fetched. Establishment people are starting to talk about why gold has a role to play in the monetary system. When sound money is restored, things could improve very rapidly, but that will require political will.

Mining stocks are risky but can be useful once you have a good physical nest egg. Lawrence gives some general advice on what types to invest in that have lower risk and good upside potential.

He says, “All I would say to people is buy those coins, it’s money and a great form of savings. I think they may be surprised just how high they go.”

Time Stamp References
0:45 - Federal debt expansion.
6:45 - Direct monetization is here.
10:50 - New form of inflation.
19:20 - Possible Future Fed actions toward gold.
23:30 - Bankers and governments may be screwed.
26:00 - Sound money could quickly improve the world.
28:10 - Emerging producers and opportunity in juniors.
37:00 - Food manufacturing cutbacks.

Guest Links:
Newsletter: http://eepurl.com/gOf1dT
Website: http://www.ema2.com
Twitter: https://twitter.com/LawrenceLepard

Book Recommendations - Weimar Germany:
The Great Inflation by William Guttmann and Patricia Meehan
The Mandibles: A Family, 2029-2047 by Lionel Shriver

#LawrenceLepard #ema2 #Gold #Fed #USD #Dollar