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Dear Harry Dent: Wanna Bet? - Jeff Clark - Casey Research

Larry Edelson of Money & Markets is also of the opinion that gold will fall below $1,000. An opposed view is held by Andy Hoffman, Egon von Greyerz and others. As a non-economist, just a regular Joe Soap, it will be interesting to see how this pans out. Meantime, my gut tells me to rely on dollar cost averaging and to continue buying gold and silver regulatrly in the very small quantities I can afford, not as an investment but as an insurance policy. Gold coins have proved their usefulness in the history of my family.

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Beginning of the headline :Some of you may be aware that investment guru Harry Dent has publicly stated that gold will fall to $250-$400. He specifically predicted: Around $700/ounce is a certainty in gold by 2015 to 2016, and $250 is a possibility well down the line by 2020–2023. His forecast is largely based on his belief that deflation will prevail. Governments are fighting deflation. If government stimulus fails, we will have deflation, not inflation. And he claims that gold bugs are wrong about gold’s future... Read More

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