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Thanks again -- tyranny.
Our guys who wanna check up on silver.
And -- disabling its -- both have an amazing weeks over spiking -- fact.
But the question is is now the time to buy medals.
Lot of people wonder of course you guys -- is editor of survivor -- prosper newsletter Harry Dent joins us now.
Harry you know you're legendary for making extraordinarily bold calls and some would say buying gold and silver -- of bold call but you think it's the right thing that -- I think only short term we've been warning for years the gold and silver -- a bubble.
It was gonna crash they are inflation hedges and -- we are really in a deflationary environment after the greatest debt bubble in history all this -- stimulus is just to stop.
From having deep -- and all they're getting of a little bit of inflation in the death Knoll.
In the second quarter for gold and silver.
Was when we got inflation fall from 2% towards 1% despite a very aggressive QE3 in the US at an off the reservations Q we.
From Japan so people are starting to get that that Goldman.
-- over our inflation hedges and ultimately when our economy slows again and it will -- this stimulus will not work forever and it's already.
Having left left the -- gold and silver are going to go down but right now.
Thirteen forty was a big level to break yesterday the next resistance at fifteen point -- fighting gold and -- gonna go up in the next few months they tend to go up.
In anticipation of a financial crisis but when the financial crisis hit like in 2008.
Gold was down 33% late to validate sober -- down 50% and guess what -- US dollar was up 27%.
The opposite what the gold -- would've thought so so you want.
Think then if this is 2000 they -- -- just looking at a domestic meltdown you're looking for a global economic meltdown that's well.
Yes basically we had one and 2008 we triggered it would are sub prime crisis the -- of the whole world go down cause for states and you're kind of sub prime -- we are stretched with the highest debt ratios.
In history real estate bubbles everywhere and demographics as we've been -- that's that's my specialty we've been saying baby boomers around the world we're gonna peak and spending a different time.
-- start to slow when they're spending.
Head towards retirement economies would -- all this stimulus is fighting this demographic slide.
An unprecedented debt creation in debt ratios and they're just preventing our economy from rebalancing -- killing the golden goose.
You know a free market capitalism here in and you know just so we don't suffer a little pain now we're gonna get this pain anyway I think it's gonna hit next year.
And I think stocks are gonna crash next year after going higher.
Down the road a little bit and I think ultimately somewhere next -- golden sober right are gonna crash of well all right so let's talk about that because crashes -- a four letter word when -- in the stock market.
How much of a crash are -- looking at what's the worst case scenario.
Okay worst case for first -- I call it a megaphone pattern -- you look at the Dow Jones.
And now in late 2013.
Higher and every crash I don't but apparently I think that belt didn't even on the downside the viewers that bothered like you know you -- let the edge of their seats are talking about a crash we got to wrap up their peace because we've got to move on but I mean then they'll give me some numbers words without going to be worth that simply going to be worse Goldman a bit.
Delta to go to 161000 roughly by January then it's gonna crash in the next few years down to 5806000.
Gold is probably gonna go up about 1525.
And then it's gonna crashed down to at least 70740.
And and the -- impeached or go to 1740 -- go down to about five to 600.
There again thank you very much -- -- listen again we listen to you because you got a great track record on this case I hope you're wrong we'll talk again soon.
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