1. Same story, different day...........year ie more of the same fiat floods the world
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  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
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ok harry you piece of work......

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Nov 17, 2017.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    RERUN: Harry Dent Thinks Gold Will Fall 50% From Here
    Nov 17, 2017
    (Originally aired Nov. 1, 2017) Don't expect gold prices to hit $5,000 in your lifetime, said renowned economist Harry Dent. He warned that gold has to fall significantly before it starts a new bull market. “Ultimately, for gold to erase its bubble and get back to its bubble origin would be around $400 and $450,” he said. “Now when gold hits that I will be the first buyer.” While the well-known doomsayer sees more pain for gold bugs in the next few years, he said that in the next commodity peak, around 2030, gold will likely hit $5,000 an ounce. He added that he would look to buy gold as a long-term investment in 2020 – the start of the new commodity cycle.

    http://www.kitco.com/news/video/sho...Harry-Dent-Thinks-Gold-Will-Fall-50-From-Here
     
  2. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    To make that happen they're gonna need a really big vacuum to suck up all those dollars they borrowed from the FED....
     
  3. Buck

    Buck Gold Member Gold Chaser

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    or a stock market crash with a following "bail in"
    That should work
     
  4. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    I like some of Dent's theories on demographic trends, but I think he's dead wrong with regard to PMs. A bitcoin is 7700 bux atm. In comparison to that gold looks horribly undervalued at 1293.

    Also if gold were priced at 450 then with a GSR of 75:1 as is the case currently, then that means silver = $6 per ounce. Back up the truck doesn't even begin to describe the response to those prices. Rather..."back up the freight train" would be the order of the day.
     
    Last edited: Nov 17, 2017
  5. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Broken record Harry has been saying this for years.
     

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