Bold, specific calls are a rarity in the precious metals markets – and everywhere else in finance, for that matter. Harry Dent, however, is a rare individual and he never shies away from price projections when they’re warranted. No one can deny that Harry’s been accurate with his predictions, but is he prepared to reiterate his well-known call for gold to fall into the triple digits?
We wanted to hear what the man himself would have to say about it, and thankfully Portfolio Wealth Global had the pleasure and privilege of speaking with Mr. Dent recently. A bestselling author and renowned economic forecaster, Harry is a legendary financial expert and the founder of Dent Research, located on the worldwide web at DentResearch.com, and he is also the author of HarryDent.com.
Harry Dent studied economics in college in the 1970s and earned his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. However, Harry found traditional economics vague and inconclusive; he became so disillusioned by the state of his chosen profession that ultimately, he turned his back on it.
Mr. Dent spent the 1980s coming up with a radical new approach to forecasting the economy –one that revolved around demographics and innovation cycles. He has served as a Fortune 100 business consultant at Bain & Company, as CEO of several small companies, and as a new venture investor and founder of Dent Research.
Courtesy: Harry S. Dent, Jr.
Throughout his long and illustrious career, Harry Dent has spoken to executives, financial advisors, and investors around the world. He has appeared on Good Morning America, PBS, CNBC, and FOX, and has been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics, and Omni.
Additionally, Mr. Dent has written numerous books over the years. In his book The Great Boom Ahead, published in 1992, he stood virtually alone in accurately forecasting the unanticipated economic boom of the 1990s. In 1998 Harry Dent authored the bestseller The Roaring 2000s, and in 2008 he wrote In The Next Great Bubble Boom, where he offered a comprehensive forecast for the following two decades.
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In The Great Depression Ahead, written in 2009, Harry outlined how the next great downturn is likely to unfold in three stages, with an interim boom stage between 2012 and 2017 before the long-term slowdown turns into the next global boom in the early 2020s. And in The Demographic Cliff, Harry Dent shows why we’re facing a “great deflation” after years of unprecedented stimulus – and how to position ourselves for that rare event.
Courtesy: Harry S. Dent, Jr.
His latest bestseller, The Sale of a Lifetime shows all the opportunities that will abound once the great reset has begun. Harry’s newest book, Zero Hour, warns of the greatest political polarization since the Civil War and why we will see a major revolution that will rival the advent of democracy itself.
Because Mr. Dent is a busy man, Portfolio Wealth Global wasted no time in asking whether he stood by his prediction of gold in the triple digits and silver in the single digits. According to Harry Dent, gold has not crashed back to what he calls its bubble origin, which is the $450 level. Harry also identifies $700 as a key long-term point of support for gold.
According to Harry Dent, gold has been basing for three years, and it should have been between $450 and $700 by now, much like Bitcoin should have been at $1,000 after hitting $20,000. But much like Bitcoin, gold has instead based out for many months.
Why is this happening? According to Harry Dent, it’s because people still feel that gold is special and that there’s a redeeming value to gold when other forms of money are in question. This, he explains, is why gold (much like Bitcoin) continues to hold up well.
Courtesy of Harry S. Dent, Jr.
Harry is quick to point out that he doesn’t think like the gold bugs who would claim that gold saw its worst days when it hit $1,050 back in late 2015. In actuality, Mr. Dent believes that gold will probably retest the $1,050 level and could hold there, and then enter into a long-term bull market again.
So, if you’re waiting for the dollar to go to zero and gold to jump to $5,000 that is not going to happen, according to Harry Dent. Furthermore, Mr. Dent explained that gold peaks every 30 years because there is a consistent 30-year commodities cycle. Specifically, gold peaked in 1980, and then again in 2011, so he sees another peak at around 2038 to 2040 – at which time gold could finally reach the $4,000 to $5,000 level.
Harry Dent was right about gold’s price going down, so Portfolio Wealth Global has to give a great deal of respect to his forecast of what’s in store for gold. To learn more about Mr. Dent’s unique perspective and insights, check out DentResearch.com as well as HarryDent.com, and pick up a copy of Harry’s latest book, Zero Hour.
There’s also a treasure trove of vital economic information and wealth-building strategies in Portfolio Wealth Global’s full line of reports, which include our Gold Playbook to help you navigate the precious metals markets, our play-by-play guide on how to shelter your portfolio from the impending collapse in the bond markets, plus our report on the must-own blockchain technology stock for your portfolio.
Best Regards,
Tom Beck
Research Partner, PortfolioWealthGlobal.com
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