by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
All the reasons gold should do extraordinarily well in the new environment of beyond-infinite money provided by the Federal Reserve and other central banks on the way to hyperinflation are brilliantly detailed in the first-quarter 2020 report by Lawrence Lepard of Equity Management Associates in Wellesley, Massachusetts.
Lepard notes that historically every $500 billion increase in U.S. government budget deficits has meant a $500 increase in the price of gold, in which case current deficit projections forecast a gold price around $6,000.