‘I call it a doom loop — it’s a vicious circle in the wrong direction, which I believe will ultimately lead to the government having to say, ‘Okay, this isn’t going to work. We are going to institute yield curve control or QE, or we’re going to buy the bonds,” he explained on the sidelines of the New Orleans Investment Conference.
Lepard believes it’s important to hold both gold and Bitcoin, noting that the only wrong allocation is zero.
‘I fully expect Bitcoin’s going to go to US$200,000, and I fully expect gold’s going to go to US$5,000 (per ounce) in the next couple of years,’ he said. ‘All the suffering gold stock holders out there … we’re going to be very pleasantly surprised.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
