Chart usGOLD   Chart usSILVER  
 
Food for thought
Bell, book and candle shall not drive me back, when gold and silver becks me to come on.
William Shakespeare  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1248.12-0.43
Silver 17.45-0.05
Platinum 1273.25-1.50
Palladium 774.001.50
WORLD MARKETS
DOWJONES 16615209
NASDAQ 4419103
NIKKEI 15050245
ASX 53135
CAC 40 408190
DAX 8887169
HUI 191-1
XAU 790
CURRENCIES (€)
AUS $ 1.4476
CAN $ 1.4277
US $ 1.2725
GBP (£) 0.7889
Sw Fr 1.2067
YEN 136.0450
CURRENCIES ($)
AUS $ 1.1377
CAN $ 1.1217
Euro 0.7859
GBP (£) 0.6200
Sw Fr 0.9483
YEN 106.9110
RATIOS & INDEXES
Gold / Silver71.53
Gold / Oil15.22
Dowjones / Gold13.31
COMMODITIES
Copper 3.04-0.02
WTI Oil 81.990.03
Nat. Gas 3.69-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
Harry Dent: Crash coming between 2013 and 2015…
Published : February 06th, 2013
348 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 ) Print article
 
    Comments    
Tweet
Keywords :   Global | Gold | Japan | Yen |

Below is an excerpt of a very interesting article of Harry Dent via TheGoldReport.
I highlighted the most interesting things, as they align perfectly with my vision:

In this Gold Report interview, Dent predicts a global crash between mid-2013 and early 2015, in an ongoing decade of economic coma. For now, gold and gold equities are great investments, but when the crash comes, read on to find out what he suggests will be a good sector until the echo generation enters the workforce and starts buying potato chips and houses.

Recently, Japan’s strategy has been to print enough yen to push down its currency to increase exports, even though its domestic economy is dying due to an aging population, bad demographic trends and super-high debt ratios. By doing this, Japan is starting the next trade war. Other countries will respond by lowering their currencies and doing more stimulus. If you keep doing this, the whole thing will break down at some point.

The question is when. We think the next breakdown will start in late 2013 or early 2014.

TGR: Roller coasters can be scary things. Unless you are looking in the rearview mirror, how do you know when is the high and when is the low?

HD: It is not easy. We predict that the Dow could go as high as 15,000 this year before dropping to 6,000 in early 2015. Nobody can predict the exact top or the exact date.

You can only guess by seeing when investors are overly bullish or bearish and when patterns are stretching on.

According to your research, when will enough young people be in the workforce earning money, buying potato chips and houses to pump up the economy again?

HD: We are looking for that to happen in the early 2020s.

Your key goal should be to protect the gains you made in the greatest global bubble boom in history. Get out, keep cash and wait for the next big crash. Then buy at $0.20 or $0.40 on the dollar. What could be better than that?

Data and Statistics for these countries : Japan | All
Gold and Silver Prices for these countries : Japan | All
Tweet
Rate :Average note :5 (2 votes)View Top rated
Previous article by
Willem Weytjens
All articles by
Willem Weytjens
Next article by
Willem Weytjens
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis
Most recent articles by Willem Weytjens
8/16/2013
7/23/2013
7/22/2013
7/19/2013
7/17/2013
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer