Gold Stocks Are the Best Asymmetric Trade for 2021 with Lawrence Lepard

Gold stock fund manager and Austrian economist Larry Lepard discusses how his fund performed in 2020 and how he is positioning his fund for 2021. Larry believes that gold stocks are the best asymmetric trade available to investors right now. He shares advice regarding gold stock portfolio management and tips for new gold stock investors. Larry mentions several gold stocks throughout the interview. Lawrence Lepard runs Equity Management Associates, LLC, an investment partnership which has focused on investing in precious metals since 2008. 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. Geocapital was very active in technology, software and computer investing and invested heavily in the internet starting in 1993. Geocapital was the lead investor in Netcom, Inc., the first internet service provider to complete an IPO in 1996. 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. He was employee number 4, joining 1 year after Summit was launched. Mr. Lepard holds an MBA with Academic Distinction from Harvard Business School and a BA in Economics from Colgate University 0:00 Introduction 0:48 2020 Fund performance 5:37 Don’t confuse a bull market with brains 7:05 Balancing portfolio illiquidity 10:55 One asset gold producers 13:16 New Found Gold Corp. 14:58 Hedging a gold stock portfolio 16:36 Gold producers’ valuation relative to gold price in historical perspective 21:07 Gold stocks best asymmetric trade now Lawrence’s contact info and Twitter handle: llepard@ema2.com Larry’s Newsletter: http://eepurl.com/gOf1dT https://twitter.com/LawrenceLepard Sponsor info: https://www.silverone.com/ TSXV:SVE.V OTC:SLVRF FSE:BRK1 Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.