“Sell your Gold…NOW!”
You heard it here! Don’t delay! (He even provides excellent chartwork to back up his conclusion!)
https://pro.dentresearch.com/p/BNBSL/LBNBVA45/?h=true
“Bubbles don’t correct or have soft landings as economists naively proclaim. They burst! No exceptions.
This investment’s rise and coming crash will be no different.
While this asset may never lose its entire value, I am certain the most loved asset in the world is about to become the most dangerous investment on the planet.
Yet even now the alarmists and hyper-inflationists maintain it’s a steady asset… that it’s been a store of value for centuries… and that it performs well during inflationary times and during times of danger.
But it won’t be their go-to safe-haven of choice much longer.
This toxic asset is…
Gold.
It’s one of the world’s most popular investments, yet it’s one of the world’s most dangerous!
While many economists will insist gold will soar to $2,000, $5,000 and even $10,000, my research provides a very different near-term outlook.
Get Ready for $700 Gold
You don’t have to be an economist to see that gold’s 670% run-up since 2000 is a classic bubble pattern that’s virtually identical to the ones above… and its previous bubble that peaked in 1980.
Gold Breaks Above $1,525, Best Target $1,800, Then Final Crash
And here’s the thing about economic bubbles that you must understand: Bubbles almost always retreat to the levels at which they started, or even lower.
Gold started to fall back to reality in early 2013 for two primary reasons:
- The drop in demand from emerging markets like India and China…
- 2. And the failure of the global central banks’ escalating monetary stimulus to cause inflation, which caused leveraged hedge funds and traders to dump their positions (this escalated when margin calls kicked in).
From where it is now, gold faces a line in the sand just below its all-time highs at $1,800. It it does make it up to that line, it’s very likely that it will collapse again dramatically.
Historically, gold tends to rally in anticipation of a financial crisis, then collapses when debt deleveraging and deflation sets in. This is exactly what it did in 2008.
In a nutshell, if you bought any physical gold, silver, or other precious metals, including coins, bullion, even scrap over the last decade, take your profits now or on any rallies ahead, especially near $1,800.
It’s not worth holding onto with how far gold must still decline.
Before I show you how to shield yourself from the yellow metal’s final collapse… and how to rake in remarkable profits from investments that will soar when everything else sinks… it’s important you understand why gold’s demise is inevitable…”
I don’t have to tell you Booboo that this guy has been saying all this for years and years
Long before the 1950 high in 2011. Like Robert Prector ( the supposed EW Guru)
Even now he is saying $1800 is likely…so why sell now ?
Always be aware when you see an analyst who NEVER changes his views.
Harry Dent ? needs to Floss
🙂
His prediction from about 2 and a half years ago hasn’t panned out so well – he was saying $700 for 2018 and $400 after that. Anyone can draw an arrow pointing down. Why would gold plunge into a low in 2022, when the 8 year cycle low is due in 2024 ? https://economyandmarkets.com/exclusives_new/economist-harry-dent-reveals-predictions-future-gold/
Some Reviews of Mr. Dent
https://commonsenseadvisors.com/independent-review-harry-dents-predictions-financial-advisor-jeff-voudrie/
https://moneymaven.io/mishtalk/economics/harry-dent-warns-of-700-gold-by-2018-Y7odSvrMfE2dMrFqXFiIjA/
lots more if you do a google
Harry Dent is not an idiot. He’s a “snake oil” salesman whose “Demographic Economics” is so flawed as to be laughable. I only posted this as satire with the markets being so dull. Below are some good reasons to “Not be Wild about Harry”.
https://www.businessinsider.com/harry-dent-predicts-market-crash-in-q3-2013-1
https://www.barrons.com/articles/SB50001424052702303392404576566841665679146?tesla=y
🙂 I was trying to decide if it was satire or not.
Wait, not the Harvard trained economist Dent?! I wonder which devil this guy made a deal with…