# Larry Lepard: Silver Miners Easily Double as Monetary Debasement Drives Commodity Supercycle

Page: https://stenobird.com/podcast/mining-stock-education-633206/larry-lepard-silver-miners-easily-double-as-monetary-debasement-drives-commodity-supercycle
Text version: https://stenobird.com/podcast/mining-stock-education-633206/larry-lepard-silver-miners-easily-double-as-monetary-debasement-drives-commodity-supercycle.md
Podcast: [Mining Stock Education](https://stenobird.com/podcast/mining-stock-education-633206)
Published: 2026-06-09T11:50:07+00:00
Episode link: https://soundcloud.com/miningstockeducation/larry-lepard-silver-miners
Audio file: https://feeds.soundcloud.com/stream/2336053907-miningstockeducation-larry-lepard-silver-miners.mp3
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JSON: https://stenobird.com/v1/public/podcasts/mining-stock-education-633206/episodes/larry-lepard-silver-miners-easily-double-as-monetary-debasement-drives-commodity-supercycle
Duration seconds: 2287

## Resource

MSE host Bill Powers interviews gold-stock fund manager Larry Lepard of Equity Management Associates (ema2.com) about the sharp junior-miner selloff, which he attributes to a strong jobs report and renewed rate-hike fears, and why he still expects higher gold and silver prices amid unavoidable monetary debasement. Lepard compares today’s environment to 1970s-style inflation waves, argues new Fed chair Kevin Warsh may be more dovish than expected, and says a future monetary reset could drive gold toward $10,000/oz+ and silver far higher, boosting silver equities. He outlines his preferred “sweet spot” of emerging, growing producers, discusses jurisdiction risks, portfolio management and profit-taking, and shares favorite stock picks. 00:00 Intro 00:17 Market Selloff 02:19 Inflation Waves and Fed Outlook 03:22 Monetary Reset and Metal Targets 04:26 Warsh Pivot and Rate Cuts 06:52 Fund Flows and Commodity Shift 09:26 Where Value Hides in Miners 14:18 Favorite Producers and Jurisdictions 17:27 Silver Price Upside and Taking Profits 20:44 Avino Silver 12-Bagger 21:47 Volatility and Taking Profits 23:08 When Mining Bets Fail 24:41 Refining the Investing Process 26:05 Tokenized Equities Debate 27:02 Monetary Debasement Thesis 29:36 Favorite Gold & Silver Stocks 33:27 How to Follow Larry Larry’s contact info and Twitter handle: https://twitter.com/LawrenceLepard Larry’s Newsletter Sign-up: http://eepurl.com/gOf1dT Larry’s Quarterly Fund Letter: https://ema2.com/quarterly-reports/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for…

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