rhino wrote on Jan 29^th, 2021 at 7:30pm:


So you call him an idiot?
You know more than the guy in the video?

https://minesandmoney.com/speakers/lawrence-lepard/







Mr. Lepard runs Equity Management Associates, LLC, an investment partnership which has focused on investing in precious metals since 2008. His Fund invests in emerging gold producers and drill stories, as well as larger companies which show attractive growth and cash flow. Mr. Lepard is a Director of Rise Gold Corporation and Amarillo Gold.

Prior to EMA, Mr. Lepard spent 25 years as a professional investor and venture capitalist. From 1991 to 2004 he was one of two Managing Partners at Geocapital Partners in New Jersey which managed six venture capital partnerships, the last of which was $250 million.

Prior to Geocapital Mr. Lepard spent 7 years as a General Partner at Summit Partners in Boston, MA. Summit is a large venture capital and private equity firm.

Lawrence Lepard is interviewed.




From the video

13:20
" There can't be a clearer sign that price discovery
is impossible in this totally fake paper market.
Whilst fake paper gold is traded at $70 trillion a year,
annual mine production is a mere $213 billion."

18:39
"There are 100 paper contracts for every ounce of gold
that exists and I suspect that leverage is larger today"

You need to explain WHY when there is a demand and a supply it is not a 'market.'

Sprintcyclist wrote on Jan 29^th, 2021 at 7:47pm:


I haven't watched the video but what I take from what is being said is that there is not enough gold to cover all the owners of gold to have their gold in their hands. IE paper gold.What would happen if every gold owner wanted their gold? It'd be like a run on banks who do not hold enough money to pay it out.

Setanta wrote on Jan 29^th, 2021 at 8:00pm:



Quote:


I would buy shares in gold producing companies.