Theres an interesting read here by harry dent predicting gold $750 because of deflation. He's saying cash will be king in deflation, in particular US dollars. Bernankes thing is he wants to do everything possible to avoid deflation. Thoughts? http://www.sailanmuslim.com/news/wp-content/uploads/2012/12/He-Predicted-Japan.pdf
The man sounds like a moron. Bernankes debasing the USD to the tune of 80 billion every month, that spells inflation.
What he's saying is that while bernanke's printing money, baby boomers will be retiring and hoarding cash, real estate will plummit, stocks will plummit etc. Mike maloney has talked of a period of real deflation before the big inflation and big print. But i would be thinking were in the deflation right now personally.
With a pretty good track record of predicting the unexpected, might be a good idea to pay heed. Mike Maloney has also predicted deflation followed by massive inflation. Here's an article in which Dent goes into more detail for the reasoning behind his prediction http://www.survive-prosper.com/page...e/NB04-PPC-Gold-Price-Will-Fall-To-750-CN.pdf
yeah but if you take the bull market starting in around 1965 to 1980 thats 15 years. were only 10 odd years into this current bull market, surely with more printed money a longer duration of bull market would be more likely than finishing up now.
Ahh yes, Harry Dent The man who predicted that the Dow would be at 40,000 in the 2000's :/ He has some good theories on aging demographics though
Yeah he must have figured it has been long enough since his last epic failure for everyone to have forgotten. Somehow i have the name Harry Dent linked in my brain to the sensation of nausea, so red flags popped up straight away. On his track record, from 2011: http://www.avaresearch.com/avanew/articles/750/A-Look-At-Harry-Dents-Track-Record.html
For gold to go from ~1900 to 750 we are talking about the end of a secular bull market. Bull markets historically end with a "blow off" top, so it's hard to fathom why "this time is different". We had the "Greenspan put" to prop up the Dow Jones. We now have the "Asian put" on gold. If it drops, Asia buys.
[youtube]http://www.youtube.com/watch?v=pSOGwthC_JQ&sns=em[/youtube] Dent is a hardcore deflationist though. Rickards has an interesting take in this debate
Well Jim Sinclair just made a mega call: http://kingworldnews.com/kingworldn...y_Jim_Sinclairs_Boldest_Predictions_Ever.html
