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  3. Week of 3/25/2017 Closing prices & Chg Over Last Wk---- Gold $1248.50-- UP 18.30 Silver $17.75-- UP 34 Oil $47.97-- DOWN 134 TICS USD $99.42 -- DOWN 66 tics

Gold to drop to $700 in 2017?

Discussion in 'Purchasing Precious Metals' started by Ebie, Feb 25, 2017.



  1. Ebie

    Ebie Midas Member Midas Member

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    Harvard Economist Warns “$700 Gold by Late 2017″

    February 13, 2017
    [​IMG]Investors are fleeing to gold in a desperate attempt to weather the recent market volatility… but is this long time “safe-haven” actually poised to collapse wiping out trillions of dollars of wealth in the process?

    One highly respected Harvard economist is stating an emphatic “yes!”.

    “While many economists will argue that gold is not in a bubble… and insist it will soar to $2,000, $5,000 and even $10,000, my research has said otherwise” says Harvard economist Harry Dent in his latest report. “I’ve never been more certain of anything in over 30 years of economic forecasting.”
     
  2. skychief

    skychief enthusiastic stacker Silver Miner

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    If Dow hits 50,000 as predicted, then $700 gold is not irrational. $8 silver? Sure!
     
  3. southfork

    southfork Mother Lode Found Mother Lode

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    Sounds like they want people not to buy to me
     
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  4. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    Harry Dent's track record is abysmal.
    Thousands of Dent wrong advice can be found in 5 minutes time using Google.
    I call him the 180 man. If he says sell, then buy, and vise-versa.
     
  5. Buck

    Buck Fabian Society Gold Chaser

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    So, the alternative is to remain as a stock market investor and when it "corrects" it won't wipe out trillions, it'll wipe out hundreds of trillions

    Oh Boy
     
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  6. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    I'm hanging onto my stack, all 3 sliver eagles & 1 gold eagle !
     
    Last edited: Feb 25, 2017
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  7. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    $175 Sovereigns? Bring it bring it you cheekinsheet mofo's I double dog dare you!

    .
     
  8. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Will never get there unless the whole world collapses. Costs more than that to produce and produces won't run deficit production very long.
     
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  9. historyrepete

    historyrepete Silver Member Silver Miner

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    Harvard professor,that oughtta sway ya. The ivy league is full of bs nut jobs and wacky professors. They are highly regarded in their own circle
     
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  10. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    The ARRvard grad has a 'dent' in his head...
     
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  11. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    $700? Wooohooo! Let's do it!
     
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  12. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

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    I went to the link in the OP and found only that Dent is trying to sell books. The very good news here is that after gold rockets higher toward $1,500 by year end, Dent will be even more discredited and fewer misguided people will buy his books.
     
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  13. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    Last I heard all the experts swore the markets would tank forever more if Trump got elected.
    One thing I can say about financial guru's is they are consistent. They are always fecking wrong.
    But they are quick to explain why something happened after it already happened, which of course they never saw coming.
    .
     
  14. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    They STILL can't decide on what got us through the great depression - FDRs socialist programs, or the onset of industrial buildup just prior and during to WWII....hahahaha.
     
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  15. Wellsburg

    Wellsburg Silver Member Silver Miner

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    Remember back about 2001, gold was under $300.

    All of our local dealers had ZERO inventory. Nobody was selling. If they had anything, the premium was about 20 percent.

    Today, the premium for a gold Maple or Krugerrand is about 3 percent over spot.

    I would welcome $700 spot gold later in 2017, a great price to load the boat. We will not see $700 spot gold again in my life time.
     
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  16. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    Truly guys. Dent has a 2 % right call record.
    I used to take his advice for a short while. A very short while.
     
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  17. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    They are highly regarded ONLY in their own circle. Fixed it for ya !! LOL
     
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  18. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Add a 1 in front and he will finally be right.
     
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  19. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    Euro collapsing
    Middle East is in shambles
    China beginning to bully it's neighbors.
    USA starting down the road of Balkanization and civil war.
    Putin getting irritated.



    Yep, who's gonna want to hold hard assets in these conditions.
     
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  20. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    So, what else can go wrong ???
    :bomb 1::blew up: :drive by::fire:
     
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  21. Fjpod

    Fjpod Silver Member Silver Miner

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    Highly unlikely imho, but what do I know.
     
  22. Ragnarok

    Ragnarok I'd rather be Midas Member

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    I really cannot imagine the dollar being worth that much ever again.

    R.
     
  23. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    For every article that predicts $700 oz gold there's one that predicts $10,000 oz gold. Really folks....when do stop being led around by the nose. I have my own ideas, read the information available and make my own determinations. I can make a bold prediction right now. I haven't got a farking clue where gold will go in 2017. You can take that one to the bank!!
     
  24. #48Fan

    #48Fan Silver Member Silver Miner

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    You lost me at "Harvard".
     
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  25. Silver

    Silver Gold Member Gold Chaser

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    Let's see:

    20 Trillion US Debt
    100+ Trillion Unfunded Liabilities
    50 Trillion Private Debt

    Who is gonna service all these debts? Millennials? They're struggling to pay their 1.3 Trillion in student debt, with a high percentage living with their parents. Baby Boomers? They're lining up at a rate of 10,000 a day to get SS and other benefits/pensions.

    It doesn't look payable (serviceable). Printing is the only option - no need to default when you can print/digitize.

    It's possible gold could go to $700, I'm sure holders of US debt would like that option, but I can't see it staying at those levels for any time. The future looks inflated to me.
     
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  26. Ebie

    Ebie Midas Member Midas Member

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    Gold at $700 would last for 24 hours maximum--if that long.
    If all the major countries made holding gold illegal, and, set the price at $700, and, taxed any increase at 99%, even then, I doubt that it would be $700 in any real market.
    And I doubt if all the major countries would do that anyway.
    And if they just declare it to be $700 and make everyone exchange their gold for GLD--it still would not really be $700 for real physical.
     

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