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Lepard warns that the global monetary system is approaching a historic turning point as gold is replacing the U.S. Treasuries as the world's preferred reserve asset.
Lepard argues that Federal Reserve Chair Kevin Warsh will ultimately be forced to abandon his hawkish stance, cut interest rates and print money to prevent the debt system from collapsing. He explains why the U.S. could face a third "big print," a bond-market revolt and some form of monetary or currency reset within the next three to five years.
Lepard also examines whether gold could become part of an emergency restructuring of the financial system, potentially requiring a dramatic revaluation. He reveals his outlook for inflation, gold, silver and Bitcoin and explains why people holding bonds could become the biggest losers in the next monetary crisis.