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Harry Dent: Stock Market 40% Crash in April, Nothing Can Save You, Bitcoin to Zero, Gold to $1000
DerekJohnson
Administrator, Swaye's Wigwam Posts: 68,426 
https://www.youtube.com/watch?v=74fYx1LPaVkComments
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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.
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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
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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.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.
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Paper gold ain’t gold
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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.HoustonHusky said:
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.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. -
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.doogie said:Paper gold ain’t gold
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.
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Harvey Dent says its a coin flip
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Tug bullshit.PurpleThrobber said:
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.doogie said:Paper gold ain’t gold
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.
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It's actually not.dflea said:
Tug bullshit.PurpleThrobber said:
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.doogie said:Paper gold ain’t gold
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.
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There is a saying that originated outside the Tug:dflea said:
Tug bullshit.PurpleThrobber said:
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.doogie said:Paper gold ain’t gold
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.
Eventually all fiat currency becomes worth the paper it was printed on.
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I should produce a youtube video; coin flip folks!RaceBannon said:Harvey Dent says its a coin flip
Either way, it will be chintresting. -
https://the-moneychanger.com/articles/daniel_oliver_of_myrmikan_researchpawz said:
There is a saying that originated outside the Tug:dflea said:
Tug bullshit.PurpleThrobber said:
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.doogie said:Paper gold ain’t gold
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.
Eventually all fiat currency becomes worth the paper it was printed on.
You might find this chinteresting. He speaks truth and common sense. Really good guy. Article is from 2017 but still applicable.
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this guy is a fucking idiot
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What a fagPostGameOrangeSlices said:this guy is a fucking idiot
