Welcome to Gold Investor Wednesday, July 24 2024 @ 08:54 am EDT

Harry Dent talks gold price and the market

  • Friday, December 19 2014 @ 09:36 am EST
  • Views: 6,248
Gold Those keeping up with various gold commentary would have noted that the last couple of months have seen a lot of bearish calls on the price of gold. Some are short term while a few do call for gold (and silver) being stuck in a longer term downward or sideways trend. Harry Dent is one of them. His main argument and investment thesis in general is based on demographics and he has outlined his views in the book The Demographic Cliff. Mr. Dent believes that the demographics for the developed world have peaked and we will see drops in consumer demand across the board and general deflation for the next 5 to 10 years with gold going along for that downward ride - hitting $700/oz or lower. The upside being in the much maligned US dollar.

Greg and Harry talk about some of the risks in this stock market with Harry's call for the Dow Jones Industrial Average coming down to 6000 with Harry's belief that we will see one more rally. People like Martin Armstrong who look at market cycles believe that we will see a downturn next year so it will be interesting to see how Harry Dent's call turns out. We know that when it comes to data, it can be easily worked to show multiple outcomes so confirmation from multiple sources, using different methodologies is always helpful.

Harry Dent talks gold price and the market | 0 comments | Create New Account

The following comments are owned by whomever posted them. This site is not responsible for what they say.

Gold & silver

User Functions