Harry S. Dent Jr.notes if bulls push the yellow metal above $1,525, $1,800 could soon follow.
Gold should hold $1,000 on continued geopolitical uncertainty and profligate policymaker decisions.
To eclipse the former record zenith of $1,918 from 2011, a new wave of buying will be required.
A breakdown in the reserve currency could send gold above $2,000.
The Great Recession of 2008-2009 required over $16 trillion in monetary expansion to resolve.
The next crisis could require 2x-3x the figure, markedly increasing the appeal of precious metals.
The Dow Jones recently touched a new 120+ year record.
When discounted for inflation, some analysts note the new nominal figures are far less impressive.
Since the year 2000 peak, US shares remain near their real valuations.
From the same point gold is 5x higher, a stunning success story!
The duo concurs that US equities could reach surprising heights, such as 30,000 on the Dow, and 10,000 NASADAQ resulting with a blow-off phase echoing the Year 2,000 Dot.com peak as soon as 2020.
Bob Hoye, Editor & Chief Investment Strategist ofBob Hoye.comrejoins the show with insights on US Fed.
Our guest suggests investors book profits in anticipation for better prices by December.
Central bank rate cuts are inadequate to prop up the global economy.
Most equities bear markets occur in the Fall and this year may be prove the rule.
The host points to the recent all-time record high in the Dow Jones, NASDAQ and S&P 500.
Recent highs imply a retest of the peak before the next selloff.
Investors clamored to buy PMs following calls of several, senior investment analysts.
Gold will top $2,000 an ounce, amid increasing geopolitical uncertainty and global trade skirmishes. On Aug. 22nd, 2011, gold recorded an intraday high near $1,918.
Stan Bharti, CEO expects gold prices to top $2,000 by the end of next year.
Top analyst, Bharti sees gold $1,600 in the next quarter (Marketwatch.com, 2019).
Joining the chorus for gold to soar, several analysts point to $1,800 or even $2,000 an ounce.
Several analysts underscored the likelihood of gold at $2,000.
Clearly, Wall Street is slowly coming to the same conclusion as Goldseek.com Radio and most of the featured guests, the price of gold may achieve it's destiny of $5,000-$10,000 over the next decade.
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Guest Bios
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.
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.
With a degree in geophysics and a number of fascinating summers in mining exploration, one winter in "the bush" quickly led Bob into the financial markets. This included experience on the trading desk and in the research department of a large investment dealer, which led to institutional stock and bond sales.
Bob's review of financial history provided the forecasting models designed to anticipate significant trend reversals in the sometimes alarming volatility typical of the transition from rampant speculation in tangible assets to fabulous speculation in financial assets.
In anticipation of the latter opportunity, a monthly publication for financial institutions was started in January 1982.
This competently covered the stock market, the yield curve, credit spreads as well as metal and energy prices.
In 1998 the Institutional Advisors website was started as a forum for unique and reliable financial research.
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