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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (82633)4/19/2020 12:59:25 PM
From: Goose94Read Replies (1) of 203026
 
Gold: should do extraordinarily well in the new environment of beyond-infinite money provided by the Federal Reserve and other central banks on the way to hyperinflation are brilliantly detailed in the first-quarter 2020 report by Lawrence Lepard of Equity Management Associates in Wellesley, Massachusetts. Lepard notes that historically every $500 billion increase in U.S. government budget deficits has meant a $500 increase in the price of gold, in which case current deficit projections forecast a gold price around $6,000.

Lepard also argues that even more inflation will result if, as seems likely, foreign investors don't keep buying U.S. government bonds.

But Lepard acknowledges that "financial repression" by governments may extend to gold confiscation and expropriation of gold mines, even as he does not address the prospects of continued success for the gold price suppression aspect of "financial repression" policy.

With Lepard's kind permission his report is posted in PDF format at GATA's internet site here:

gata.org

Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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