FameEX Hot Topics | Investment Manager Predicts Sharp Depreciation of US Dollar Within Next Five Years

Investment manager Larry Lepard has issued a warning that the U.S. dollar is facing the threat of losing its value significantly in the next five to ten years. Speaking to Kitco News, Lepard predicted that the dollar will either be restructured or will have lost most of its value within the next decade. He based his prediction on the historical patterns observed in other countries that have gone through currency debasement.

Lepard cited the U.S. government's seizure of $600 billion of Russian currency reserves as an example of how the country is starting another round of currency debasement. This move has sent a message to other countries that the U.S. can seize their money if it doesn't like what they're doing. Lepard believes that this has started a new phase of currency debasement, which is slowly but surely causing the everything bubble to deflate.

Furthermore, Lepard warned of the risks of inflation, stating that it is only going to get worse. He advised investors to protect themselves by investing in safe-haven assets like gold and bitcoin, as he believes they are "sound money" and a way to safeguard against the devaluation of the U.S. dollar.
Lepard also cautioned investors who do not hold gold or bitcoin. He believes that the average investor who is in a 60-40 portfolio and does not hold these safe haven assets will be wiped out. Additionally, he warned that those who hold a lot of bonds are at risk of being wiped out, as the odds of bonds maintaining their real purchasing power are extremely low.

Finally, Lepard noted that politicians often change the rules to suit themselves, and that those in control of fiat currency cannot be trusted. He believes that everything they do is designed to keep themselves in power and to keep the system running, which puts money in their pocket. Nevertheless, he believes that more and more people are waking up to this reality and finding alternatives to the U.S. dollar each time those in power change the rules.
In conclusion, Lepard's warning is a reminder to investors to assess their portfolios and diversify to protect against the devaluation of the U.S. dollar. He believes that the currency is at risk of losing most of its value within the next five to ten years, and recommends that investors hold safe haven assets like gold and bitcoin. Lepard's warning emphasizes the importance of being prepared for potential economic changes and seeking out investment opportunities that can weather any financial storms.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.