Video News/Kitco Mining

[EDITOR'S NOTE: SOME SWEARING IN VIDEO] Precious metals are not slowing down, said Lawrence Lepard, founder of Equity Management Associates. On Thursday Lepard spoke to Kitco Mining. Lepard is a long-time gold bull. He is surprised by the pace and strength of the gold price breakout, which he attributes to various macroeconomic factors, including increased demand from Asia and central banks. Lepard argues that gold’s bullish trend is real, driven by a combination of factors such as U.S. fiscal irresponsibility, rising deficits, and expectations of monetary debasement. He highlights the growing awareness among global investors that the U.S. is "fiscally trapped," leading to continued inflation and a weakening U.S. dollar, which he believes will further bolster gold prices in the years to come.