$10K – $15K Gold Per Ounce! How Many Ounces Of Gold & Silver Are You HOLDING? Lawrence Lepard

$10K – $15K Gold Per Ounce! How Many Ounces Of Gold & Silver Are You HOLDING? Lawrence Lepard

you know for a long time here gold was
stuck between 1,800 and 1900 maybe 2,000
on the high end a couple of days there
was no you know no real performance it
was dead money for the last three years
but when you get a breakout to an
all-time high that wakes people up and
you know now we’ve really rather quickly
shot up 15 20% and that’s that’s going
to get people’s attention and uh so
you’re gonna say oh my new bull market
great give you know let me in on that I
want to buy some gold so I I’m quite I’m
quite bullish and my forecast is much
higher I mean I think we’re going to
5,000 easily and then maybe 10 or 15 but
but that’s that’s years out so let’s
stick within the next couple of years
gold prices have surged to unprecedented
Heights in 2024 consistently setting new
all-time highs weekly early investors in
Gold this year have reaped substantial
profits within a concise time frame
projections indicate that gold prices
could surpass the $2,500 mark this
quarter and reach 3,000 by Year’s End
notably the acquis position of gold by
central banks has played a significant
role in driving its value upward
throughout the year Lawrence leopard
managing partner of equity Management
Associates offers even loftier forecasts
for gold envisioning potential targets
of 5,000 10,000 or even
$15,000 however he acknowledges that
such levels may take years to achieve
anticipation mounts as expansion in the
investor base is expected to propel gold
to even greater Heights a report from
asset management firm spr suggests that
as the audience for gold broadens its
value will likely continue Rising
aligning with recent predictions of a
potential Ascent to $3,000 in
2024 the recent breakout to all-time
highs has captured the attention of
investors and shifted perceptions about
the precious metal leopard anticipates
that more investors will recognize
Gold’s performance and seek to
capitalize on the emerging Trend a
glance at Gold’s chart over the past
quarter Century reveals a confirmed long
long-term uptrend key indicators of this
uptrend include higher highs and higher
lows over time a trend that gold has
exhibited since the early 2000s
furthermore gold has adhered to a clear
uptrend line for most of its two decade
long bull market leopard compares the
current gold market to historical bull
markets suggesting significant price
increases ahead he believes the current
uptrend is just the beginning of a
potentially lucrative period for gold
investors come along as we explore
Lawrence leopard’s valuable insights
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and my forecast is much higher I mean I
think we’re going to 5,000 easily and
then maybe 10 or 15 but but that’s
that’s years out so let’s stick within
the next couple of years I mean I think
it’s interesting and on my Twitter feed
you’ll see if you go back a few days
you’ll see a Ronnie stoly chart and it’s
actually in my quarterly report as well
that the the the mean Bloomberg estimate
for the gold price in 2027 I believe was
somewhere in the 177 or $1,800 range so
until you know these new numbers you
just pointed out from Goldman and others
the the average wall streer is thinking
we’re going to go back to 2% inflation
you don’t need gold and Gold’s going to
come back down from this 23 to $2,400
level I think that’s starting to change
obviously Goldman is a Smart Shop and
they’re saying they think it’s going
higher and my sense is they’re right um
and and what that will lead to is a a
difference on the part of a larger part
of the investment Community you know to
understand that gold is in a bull market
and typically in Bull markets when when
they get started gold goes up you know
in the in the 70s it went up 22x in the
2 to 2011 it went up you know 7 or 8X um
and in this particular one you know it
started at 1,50 in
2015 and it’s at 2,400 so we’re up what
2.2x or something like that so
you know I I think it’s I think it’s
destined for significantly higher
numbers from where it is now and this is
just the beginning and as more and more
people come to realize that and more and
more people come to realize that it’s
performing well I mean you know how Wall
Street operates you know how investment
firms operate they chase
performance and so you know for a long
time here gold was stuck between 1800
1900 maybe 2,000 on the high end a
couple of days there was no you no real
performance it was dead money for the
last 3 years but when you get a breakout
to an all-time high that wakes people up
and you know now we’ve really rather
quickly shot up 15 20% and that’s that’s
going to get people’s attention and uh
so you’re gonna say oh my new bull
market great give you know let me in on
that I want to buy some gold so I I’m
I’m quite bullish what’s happened here
David is everyone’s looked at the gold
price and said you know when it was
bouncing around between you know 18 and
2000 and the Asic which is the all-in
sustaining cost of mining an ounce of
gold that’s gone up rather significantly
since Co came along you know the cost of
the fuel and the explosives and the
labor those costs keep re you know
marching relentlessly higher so that
we’re now at as6 that are closer to
1,350 as kind of an industry average so
you know if if the price of gold is only
going to be 18 or 1900 that margin is
really starting to get squeezed now you
know as we now know the price of gold is
at 24 well that nicely restores that
margin and the profitability of these
gold miners and I think I think the gold
mining stocks have not woken up to the
fact that you know gold is much more
likely to be at 2700 than it is to be at
1,800 and I think once the gold mining
stocks wake up to that fact you know
there’s going to be a reating and and
you know my fund and other people who’ve
invested in Gold stocks are going to do
extraordinarily well the exacerbation of
geopolitical tensions such as conflicts
in the Middle East and Ukraine coupled
with the prospect of lower us interest
rates have further Bol bolstered Gold’s
status as a safe haven investment
however what truly fuels the rally is
the unwavering demand from China retail
Shoppers fund investors Futures Traders
and even the Central Bank in China are
turning to gold as a reliable store of
value amidst uncertain times according
to leopard China has significantly
ramped up its gold purchases at the
governmental and individual levels
economic uncertainties including real
estate and the stock market challenges
have prompted Chinese investors to
diversify their portfolios by investing
in alternative assets such as gold China
and India are actively promoting their
currencies
internationally China is securing deals
with oil producing Nations like Saudi
Arabia to trade oil in renm while India
is exploring oil pricing in rupees with
countries like the
UAE this diversification away from the
dollar dominated oil trade could boost
Golds appeal as a hedge against currency
fluctuations and geopolitical
instability leopard highlights that this
trend among bricks countries including
China and India is reshaping the Global
Currency landscape potentially driving
increased demand for gold as an
alternative Reserve currency let’s get
back to the interview I think we should
talk if we’re going to talk about the
gold price I think it’s really important
to talk about the demand that’s coming
out of China because and and I talked
about this in my quarterly letter we
show a chart in there I mean one of the
things I find very interesting is that
the largest gold ETF GLD is actually
shrinking inside size which suggests
that North American investors are
selling on balance selling gold I mean
this ETF is getting smaller and yet gold
is going on to record highs and why is
that well also in my quarterly you can
see a chart that shows that China has
really stepped up their increase their
purchases of gold at both the government
level and at the individual level I
think China’s been encountering some
economic turbulence in terms of their
economy terms of their real estate in
terms of their stock market and so I
think what you’re seeing is a very
strong bid I think well one I think the
China at the at the governmental level
is trending toward gold because they
realize that the dollar is a neutral
Reserve currency is is not as good as it
used to be since the US decided to seize
the Russian assets um and I think I
think the China China at the individual
level um people are realizing that real
estate’s not the investment they thought
because it’s not working um and perhaps
stocks are risky and so you see a lot of
gold purchasing so um to me and I’m not
sure really I don’t think that kind of
purchasing is driven by you know drones
in the Middle East I think that’s just
pure you know what’s going on in their
economy remember China’s an enormous
economy I mean you’re talking about you
know a billion people right a lot bigger
than than the US so so to me that’s
that’s kind of the gold story and the
other place where you can see it it’s
very interesting and depends on which
exchange you use over there and what you
look look at but if you follow all the
gold Twitter people and and the ones who
are looking at China carefully lots of
various ways of purchasing gold there
are trading at premiums over melt value
which suggests to me that there’s really
strong demand to get a hold of gold so
that that too supports the kind of this
demand is coming from China side of
things and finally I’ll just add the the
Luke groman thesis that you know you’ll
you’re starting to see all these bricks
countries and we’ve added a lot of
countries to the bricks you’re starting
to see all these bricks countries
denominating their oil purchases in
their own currencies as opposed to the
US dollar the Petro dollar and so that
you know leads to you know Yuan paying
for oil and um and you know the Yuan um
being a being a a currency that’s that’s
getting accepted by the oil producers
and I know the Chinese were large large
buyers of real estate and speculators in
real estate and my understanding and I’m
not close to it I’m not on the ground
but my understanding is that the Chinese
real estate market has been very softed
and is problematic and so I’m thinking
people are thinking well we’re not going
to chase that because it’s not working
meanwhile gold is working I mean gold is
up significantly and so they’re they’re
more likely to chase it us sanctions
especially targeting Russia’s Central
Bank have raised concerns about the
safety of holding dollars this
uncertainty is prompting countries to
turn to Gold despite its smaller Market
size than government debt share your
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$10K – $15K Gold Per Ounce! How Many Ounces Of Gold & Silver Are You HOLDING? Lawrence Lepard

Gold prices have surged to unprecedented heights in 2024, consistently setting new all-time highs weekly. Early investors in gold this year have reaped substantial profits within a concise timeframe. Projections indicate that gold prices could surpass the 2,500 dollar mark this quarter and reach 3,000 by year’s end. Notably, the acquisition of gold by central banks has played a significant role in driving its value upward throughout the year.
Lawrence Lepard, Managing Partner of Equity Management Associates, offers even loftier forecasts for gold, envisioning potential targets of 5,000, 10,000, or even 15,000 dollars. However, he acknowledges that such levels may take years to achieve. Anticipation mounts as expansion in the investor base is expected to propel gold to even greater heights. A report from asset management firm Sprott suggests that as the audience for gold broadens, its value will likely continue rising, aligning with recent predictions of a potential ascent to 3,000 dollars in 2024.
The recent breakout to all-time highs has captured the attention of investors and shifted perceptions about the precious metal. Lepard anticipates that more investors will recognize gold’s performance and seek to capitalize on the emerging trend.
A glance at gold’s chart over the past quarter-century reveals a confirmed, long-term uptrend. Key indicators of this uptrend include higher highs and higher lows over time, a trend that gold has exhibited since the early 2000s. Furthermore, gold has adhered to a clear uptrend line for most of its two-decade-long bull market.
Lepard compares the current gold market to historical bull markets, suggesting significant price increases ahead. He believes the current uptrend is just the beginning of a potentially lucrative period for gold investors.
The exacerbation of geopolitical tensions, such as conflicts in the Middle East and Ukraine, coupled with the prospect of lower US interest rates, have further bolstered gold’s status as a safe-haven investment. However, what truly fuels the rally is the unwavering demand from China. Retail shoppers, fund investors, futures traders, and even the central bank in China are turning to gold as a reliable store of value amidst uncertain times.
According to Lepard, China has significantly ramped up its gold purchases at the governmental and individual levels. Economic uncertainties, including real estate and the stock market challenges, have prompted Chinese investors to diversify their portfolios by investing in alternative assets such as gold.
China and India are actively promoting their currencies internationally. China is securing deals with oil-producing nations like Saudi Arabia to trade oil in renminbi, while India is exploring oil pricing in rupees with countries like the UAE. This diversification away from the dollar-dominated oil trade could boost gold’s appeal as a hedge against currency fluctuations and geopolitical instability. Lepard highlights that this trend among BRICS countries, including China and India, is reshaping the global currency landscape, potentially driving increased demand for gold as an alternative reserve currency.

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