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dungnguyen
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Lawrence Lepard (Founder – Equity Management Associates) warns that we are living in a serious public debt crisis, and this can lead to high inflation and a reset of the monetary system. When that happens, there will be clear winners and losers, and "you won't have a chance to do it again." He for example: the government can suddenly return to the gold standard, bringing the price of gold to 20,000 USD/ounce, then, only those who already own gold or gold mining stocks will benefit. Similar to bitcoin: if the US claims to hoard bitcoin as a strategic asset, the price could triple, and those who do not hold it will miss out completely. Therefore, he recommends that investors should allocate assets to things that the government cannot print, such as gold, silver, and bitcoin, instead of just holding dollars, because according to him, the government will continue to print out a lot of dollars in the future.
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