GoldSeek.com Radio: John Embry & Harry S. Dent Jr., and your host Chris Waltzek

Summary:

Economist and best-selling author Harry S. Dent Jr., returns to the show with analysis on the Greek debt crisis
The Grexit is merely the tip of the iceberg, the US and most developed nations have accumulated enormous debt burdens, under the guise of entitlement programs.
Given that the Grexit appears imminent, our guest thinks Spain and Portugal could be the next to face debt issues.
Credit risk is increasing - investors must anticipate a resulting increase in the cost of credit, i.e. interest rates on mortgages, loans, etc..
Government profligacy worldwide has created financial bubbles, particularly in real estate.
Singapore officials have recognized the threat and imposed restrictions to offset rampant speculation in housing, similar to Dr. Greenspan's 1996 irrational exuberance warning.
Despite assurances to the contrary by mainline pundits, the resulting economic fallout could ignite Great Depression like conditions or worse.
Listener's are advised to make preparations by stockpiling necessities and precious metals.
The guest and host agree, given the anticipated market uncertainty, the best investment strategy is a balanced portfolio comprised of broadly diversified / competing asset classes, including precious metals (the guest recommends an allocation of at least 10%), cash, real estate, equities, bonds energy and commodities.

John Embry, Chief Investment Strategist at Sprott Asset Management, returns to the show with his thoughts on the US dollar rally.
Policies in Japan are undermining the yen currency, while the crude oil price plunge has devalued the Canadian Loonie, making the US Greenback appear strong.
The resulting financial mirage is directing global money flows into US equities - an overvalued sector.
US corporate earnings appear overstated from a historical perspective due in part to irregular accounting methods.
John Embry does not expect stock prices to collapse until central bank officials resort to more hawkish monetary policies.
Gold remains the de facto antithesis of paper money.
Once gold reflects its true intrinsic value relative to the quadrillions of paper debt worldwide, the currency scheme will unravel at the seams.
Expect a new global currency system to emerge as investors shun the negative yields of debt / bonds in favor of dividend yielding gold / silver shares.
Bifurcated economic conditions in the US continues to expand, denoted by the overt divide between the haves and have nots.
Favorite gold mining companies include Agnico Eagle (AEM) and Goldcorp (GG), as well as two smaller companies outlined in the show.
Please record your questions and comments via our NEW hotline 24/7, you can leave your first name or remain anonymous if you prefer: Q&A Hotline: 1-206-666-5370.

Harry S. Dent Jr.

The Demographic Cliff

Harry S. Dent, Jr. is the Founder of Dent Research, an economic forecasting firm specializing in demographic trends. His mission is “Helping People Understand Change”. Using exciting new research developed from years of hands-on business experience, Mr. Dent offers unprecedented and refreshingly understandable tools for seeing the key economic trends that will affect your life, your business, and your investments over the rest of your lifetime.

Mr. Dent is also a best-selling author. In his book The Great Boom Ahead, published in 1992, Mr. Dent stood virtually alone in accurately forecasting the unanticipated boom of the 1990s and the continued expansion into 2007. In his new book, The Demographic Cliff, he continues to educate audiences about his predictions for the next great depression, especially between 2014 and 2019 that he has been forecasting now for 20 years. Mr. Dent is the editor of the Survive and Prosper newsletter and has created the HS Dent Financial Advisors Network.

Mr. Dent received his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. At Bain and Company he was a strategy consultant for Fortune 100 companies. He has also been the CEO of several entrepreneurial growth companies and a new venture investor. Since 1988 he has been speaking to executives and investors around the world. He has appeared on “Good Morning America”, PBS, CNBC, CNN, FOX, Bloomberg, and has been featured in USA Today, Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, US News and World Report, Business Week, The Wall Street Journal, American Demographics, Gentlemen’s Quarterly and Omni.

Harry S. Dent, Jr. is the Founder of Dent Research, an economic forecasting firm specializing in demographic trends. His mission is “Helping People Understand Change”. Using exciting new research developed from years of hands-on business experience, Mr. Dent offers unprecedented and refreshingly understandable tools for seeing the key economic trends that will affect your life, your business, and your investments over the rest of your lifetime.

To visit the website, please click here.

John Embry

Sprott Asset Management LP

John Embry joined SAM as Chief Investment Strategist in March 2003, with a focus on the Sprott Gold and Precious Minerals Fund. He plays an instrumental role in the corporate and investment policy of the firm. Mr. Embry, an industry expert in precious metals, has researched the gold sector for over thirty years and has accumulated industry experience as a portfolio management specialist since 1963.

After graduating from the University of Manitoba with a Bachelor of Commerce degree, John Embry began his investment career as a stock selection analyst and Portfolio Manager at Great West Life. He then became Vice President of Pension Investments for the entire firm. After 23 years with the company, John became partner with United Bond and Share, the investment counseling firm acquired by Royal Bank in 1987. John was named Vice-President, Equities and Portfolio Manager at RBC Global Investment Management, a $33 billion organization where he oversaw $5 billion in assets, including the flagship $2.9 billion Royal Canadian Equity Fund and the $250 million Royal Precious Metals Fund, the #1 ranked fund across the country for its 2002 net performance of 153%.

For more information about Sprott's award-winning investment professionals and their market insights, please visit us at www.sprott.com or contact us at invest@sprott.com.

To visit the website please:click here.


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