Harry Dent: Stock Market 40% Crash in April, Nothing Can Save You, Bitcoin to Zero, Gold to $1000

DerekJohnson

https://www.youtube.com/watch?v=74fYx1LPaVk

PurpleThrobber

Gold ain't going to $1000 any time soon. His logic is correct on clearing zombie companies, debts and recapitalizing.

Simple supply and demand. There's not enough physical supply of gold to meet even retail demand. There's an inverse relationship between stocks and gold. He's predicting a paper crash of stocks and a concurrent loss of historic store of value in gold.

He wants his cake and eat it too.

doogie

I remember seeing Harry Dent speak at a conference in the early to mid 90’s where he was touting Dow 100,000 is right around the corner

HoustonHusky

PurpleThrobber said:

Gold ain't going to $1000 any time soon. His logic is correct on clearing zombie companies, debts and recapitalizing.

Simple supply and demand. There's not enough physical supply of gold to meet even retail demand. There's an inverse relationship between stocks and gold. He's predicting a paper crash of stocks and a concurrent loss of historic store of value in gold.

He wants his cake and eat it too.

Never followed gold in detail but I thought I remembered somewhere that gold, esp paper gold, drops a bunch if/when markets crash mainly do to liquidations on margin calls. Doesn’t stay down, but thought it was interesting and made some counterintuitive sense.

doogie

Paper gold ain’t gold

pawz

HoustonHusky said:

PurpleThrobber said:

Gold ain't going to $1000 any time soon. His logic is correct on clearing zombie companies, debts and recapitalizing.

Simple supply and demand. There's not enough physical supply of gold to meet even retail demand. There's an inverse relationship between stocks and gold. He's predicting a paper crash of stocks and a concurrent loss of historic store of value in gold.

He wants his cake and eat it too.

Never followed gold in detail but I thought I remembered somewhere that gold, esp paper gold, drops a bunch if/when markets crash mainly do to liquidations on margin calls. Doesn’t stay down, but thought it was interesting and made some counterintuitive sense.

This is Peter Schiff's take (notorious gold bug). Metals will follow the market in the initial sell-off, then it's to the moon.

PurpleThrobber

doogie said:

Paper gold ain’t gold

I've seen and heard enough to suggest the paper gold is the only thing holding the actual price of gold from running up as high as $10K/oz. The Central Bankers don't want the general public to realize there ain't shit behind their fiat currency than a lot of hot air.

Just the physical demand for gold by Indians (dot, not @Swaye's) is hard to meet at current production levels. That culture loves their gold. Fucking loves it.

RaceBannon

Harvey Dent says its a coin flip

dflea

PurpleThrobber said:

doogie said:

Paper gold ain’t gold

I've seen and heard enough to suggest the paper gold is the only thing holding the actual price of gold from running up as high as $10K/oz. The Central Bankers don't want the general public to realize there ain't shit behind their fiat currency than a lot of hot air.

Just the physical demand for gold by Indians (dot, not @Swaye's) is hard to meet at current production levels. That culture loves their gold. Fucking loves it.

Tug bullshit.

PurpleThrobber

dflea said:

PurpleThrobber said:

doogie said:

Paper gold ain’t gold

I've seen and heard enough to suggest the paper gold is the only thing holding the actual price of gold from running up as high as $10K/oz. The Central Bankers don't want the general public to realize there ain't shit behind their fiat currency than a lot of hot air.

Just the physical demand for gold by Indians (dot, not @Swaye's) is hard to meet at current production levels. That culture loves their gold. Fucking loves it.

Tug bullshit.

It's actually not.

pawz

dflea said:

PurpleThrobber said:

doogie said:

Paper gold ain’t gold

I've seen and heard enough to suggest the paper gold is the only thing holding the actual price of gold from running up as high as $10K/oz. The Central Bankers don't want the general public to realize there ain't shit behind their fiat currency than a lot of hot air.

Just the physical demand for gold by Indians (dot, not @Swaye's) is hard to meet at current production levels. That culture loves their gold. Fucking loves it.

Tug bullshit.

There is a saying that originated outside the Tug:

Eventually all fiat currency becomes worth the paper it was printed on.

creepycoug

RaceBannon said:

Harvey Dent says its a coin flip

I should produce a youtube video; coin flip folks!

Either way, it will be chintresting.

PurpleThrobber

pawz said:

dflea said:

PurpleThrobber said:

doogie said:

Paper gold ain’t gold

I've seen and heard enough to suggest the paper gold is the only thing holding the actual price of gold from running up as high as $10K/oz. The Central Bankers don't want the general public to realize there ain't shit behind their fiat currency than a lot of hot air.

Just the physical demand for gold by Indians (dot, not @Swaye's) is hard to meet at current production levels. That culture loves their gold. Fucking loves it.

Tug bullshit.

There is a saying that originated outside the Tug:

Eventually all fiat currency becomes worth the paper it was printed on.

https://the-moneychanger.com/articles/daniel_oliver_of_myrmikan_research

You might find this chinteresting. He speaks truth and common sense. Really good guy. Article is from 2017 but still applicable.

PostGameOrangeSlices

this guy is a fucking idiot

Pitchfork51

PostGameOrangeSlices said:

this guy is a fucking idiot

What a fag