Huge News From China & Russia! How Many Ounces Of Gold & Silver Are You HOLDING? – Lawrence Lepard
Huge News From China & Russia! How Many Ounces Of Gold & Silver Are You HOLDING? – Lawrence Lepard
With extensive experience in finance, Lawrence Lepard, founder of Equity Management Associates, provides valuable analysis on market shifts. Regarding precious metals, he anticipates a decade-long bull market for gold and silver stocks as they are expected to double or even triple in value within the next 12 to 18 months due to higher metal prices. The gold market is holding recent gains and remains within striking distance of this week’s all-time highs as the US labor market sees a significant drop in momentum.
With gold prices expected to increase further due to a demand-supply imbalance, companies like Agnico Eagle Mines, Franco-Nevada Corporation, Royal Gold Incorporation, Eldorado Gold Corporation, and New Gold Incorporation are well-poised to capitalize on this. Their strong balance sheets, efforts to lower costs, and growth initiatives back them up.
The discussion shifts overseas to Japan’s economic situation, with analysts predicting that gold will reach new all-time highs due to Japan’s shift towards purchasing oil in yen instead of dollars. This could lead to a surge in gold demand and higher prices.
Concurrently, Lepard highlights a shift towards settling trade in gold, driven by the West’s weaponization of the dollar. This move by BRICS countries raises gold prices despite falling ETF demand in the US and UK, a trend he expects to continue for years. The demand for gold, which comes despite a sharp rise in the price of the yellow metal this year, highlights how allocations to the dollar have been declining as central banks have sought to diversify their holdings through alternative currencies and assets, especially after the US weaponized its currency in sanctions against Russia.
Based on his observation, Lepard predicts that a significant shift of 5-10% of capital from the S&P 500 to gold and silver mining stocks will occur once these stocks start outperforming, given the current disparity in market valuations.
During the interview, Lawrence Lepard mentioned that silver mining stocks are currently the most promising investment due to the significant suppression of silver prices and strong industrial demand. He anticipates silver could reach up to 100 dollars within a couple of years, resulting in substantial profits for mining companies. Silver was initially followed by gold, which rose higher in the March to May period. However, the gains in silver have outpaced gold nearly two to one in 2024. Silver has risen nearly 30 percent, while gold has only gained 15 percent.
As of April, managed money positions in silver had climbed to their highest level since May 2022, and exchange-traded product holdings rose to their highest since July 2023, as outlined in the Silver Institute’s 2024 World Silver Survey presentation and report.
Furthermore, Lepard expresses confidence that gold stocks will potentially yield returns of three to twenty times the investment. While acknowledging the challenges in mining, he believes now is a key moment to buy, given current low prices and improving margins.
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3 Comments
Interesting, gold has hit an all time high but silver is still way below its all time high. If silver goes too high solar, EV’s, etc would be prohibited to buy. Manipulation will continue.
I’ve read a few books on silver and there will not be enough for future plans. Something has got to give.
Rejoice Any recommendations on silver stock to buy ? Amen om mani Padme hung