Larry Lepard: Silver Miners Easily Double as Monetary Debasement Drives Commodity Supercycle

About this episode

Bill Powers interviews Larry Lepard about the junior-miner selloff and the outlook for gold and silver prices amid monetary debasement.

MSE host Bill Powers interviews gold-stock fund manager Larry Lepard of Equity Management Associates (ema2.com) about the sharp junior-miner selloff, which he attributes to a strong jobs report and renewed rate-hike fears, and why he still expects higher gold and silver prices amid unavoidable monetary debasement. Lepard compares today’s environment to 1970s-style inflation waves, argues new Fed chair Kevin Warsh may be more dovish than expected, and says a future monetary reset could drive gold toward $10,000/oz+ and silver far higher, boosting silver equities. He outlines his preferred “sweet spot” of emerging, growing producers, discusses jurisdiction risks, portfolio management and profit-taking, and shares favorite stock picks. 00:00 Intro 00:17 Market Selloff 02:19 Inflation Waves and Fed Outlook 03:22 Monetary Reset and Metal Targets 04:26 Warsh Pivot and Rate Cuts 06:52 Fund Flows and Commodity Shift 09:26 Where Value Hides in Miners 14:18 Favorite Producers and Jurisdictions 17:27 Silver Price Upside and Taking Profits 20:44 Avino Silver 12-Bagger 21:47 Volatility and Taking Profits 23:08 When Mining Bets Fail 24:41 Refining the Investing Process 26:05 Tokenized Equities…

People in this episode

Host: Bill Powers

Guest: Larry Lepard

Topics covered

• silver miners
• monetary debasement
• commodity supercycle
• inflation
• portfolio management
• investment strategies

Keywords

• junior miners
• rate hikes
• gold price
• silver price
• investment
• portfolio management
• inflation waves

Mentioned in this episode

Organizations: Equity Management Associates, Federal Reserve, ema2.com

Products: gold, silver, Avino Silver

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