Lawrence Lepard, founder of Equity Management Associates, has issued a serious warning about the current public debt crisis. He believes this situation could lead to high inflation and necessitate a reset of the monetary system. In this context, there will be clear winners and losers, and those who are unprepared will have no chance to start over.
He gives an example showing that if the government decides to return to the gold standard, the price of gold could rise to $20,000 per ounce, and only those who own gold or gold mining stocks would benefit. This could also apply to bitcoin; if the U.S. recognizes bitcoin as a strategic asset, its value could triple.
Therefore, Lepard recommends that investors allocate assets into non-printable assets like gold, silver, and bitcoin, rather than just holding dollars. He emphasizes that government money printing will continue in the future, creating risks for those who rely solely on fiat currency.
