‘The math is on gold’s side’: Larry Lepard sees rising debt forcing currency debasement

By Neils Christensen – Kitco News

Looking beyond the recent volatility, gold has seen extraordinary gains in the last two years, and according to one fund manager, after the recent correction, the precious metal is ready to resume its long-term uptrend.

In an interview with Kitco News, Larry Lepard, Managing Partner at Equity Management Associates, said that although gold’s months-long correction is an indication of a maturing market, prices are nowhere near a top.

He explained that the global monetary system is only beginning to confront an uncomfortable mathematical reality: governments have accumulated too much debt to fight inflation the way they have in the past.