Gold price will see strongest boom in history after ‘reset’ at this level - Harry Dent (Pt. 2/2)

Watch part 1 of this interview on stocks: • Harry Dent: Stocks to ...
Harry Dent, founder of HS Dent, is calling for gold to see its final rally to $2,200 an ounce next year before falling to multi-year lows. After 2022, the new lows should present a new buying opportunity. “From 2022 on, I’d be buying gold hand in fist, it’s going to hold up better than most commodities,” he said.
“I’m expecting gold to go up…when this crisis starts to build next year, it’s going to see more stimulus, it’s going to go up at first. I have a target of $2,200,” Dent said. “$2,200 is the strong resistance in the coming months and then crash back down to its 2015 lows, around $1,000.”
0:00 - Gold price forecast
5:06 - Gold and inflation
6:49 - Dow / Gold ratio
10:01 - What assets to buy then?
__________________________________________________________________
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[@kitco]

Watch part 1 of this interview on stocks: kzbin.info/www/bejne/nGe7oKKto5KDa5Y

[@mshahid2898]

Hey David - Can you get Clem Chambers in to really cheer us all up?

[@marcelinoperez2926]

Thanks I watched

[@ampiciline]

David , please bring James Rickard and this guy for debate in your show , please please

[@mshahid2898]

@@ampiciline it’s Jim Rickard I think you mean - he’s a total Fuddy Duddy too - he and Dent are both die hard doom and gloom merchants - can’t stand him or he’s constant news letters and infomercials for the past 10 years ++

[@issenvan1050]

ONLY 2 GOLD MINERS WENT UP DURING THE GREAT DEPRESSION! Where was this guy?..

[@Ahenkel36]

I guess this guy don’t go food shopping

[@daveforgot127]

You don't understand inflation for food is a small percentage of our income. Consumer inflation is everything consumers by not just food. But there is quite a bit of it

[@daveforgot127]

Harry is nuts but he's partially right and partially wrong

[@TheGilbalfas]

Exactly!!!

[@jamestommasin6542]

How come my Filet Mignon is $29 a pound I was paying $19 a pound last year.

[@untoldafricantruth9797]

@@jamestommasin6542 wow really? Big increase.

[@marcelinoperez2926]

Excellent moderator and interviewer , The best one on Kitco

[@maxdick1926]

Best comment here by far

[@Iwanttobeabilllionaire]

@@maxdick1926 i agree

[@diegosantosmoto]

I agree 👍

[@stuartr7832]

Getting embarrassing now.

[@LowerDerek]

Gold reacts to the old definition of inflation not the new one. I still do not see why people don't understand the two definitions of inflations and understand Gold's role enough to see what will happen. A stock market and real estate crash is not really deflation, it is a bubble deflating though. Gold is a measurement of the expansion of the money supply which can happen while bubbles are deflating. The government props and blows bubbles inflating prices in certain sectors but also creates tons of more currency units that slowly increases general prices. Expansion of the money supply will cause increased consumer prices while these pre-blown bubbles deflate. So until the government balances it's budget and has normal interest rates for borrowing Gold is a good part of your portfolio.

[@theawakened2020]

Its called stagflation

[@290revolver290]

Hmmmm 🤔

[@HenryFamilyTheFirst]

My 8 yo son's tooth came out. Tooth fairy is now $7.00. Inflation is alive & well

[@sparcx86channel42]

lol

[@TryToLearnFlutter]

Are u serious? You can't say there is inflation with only 1 good that have prices going up. He is talking about annual inflation, it has to count all of goods and services. He is talking macro economy, while u are talking your kid's tooth. LMAO.

[@mikhailkalashnikov4599]

We used to get a quarter.

[@HenryFamilyTheFirst]

@@mikhailkalashnikov4599 so did I :)

[@HenryFamilyTheFirst]

@@TryToLearnFlutter No, it was a joke.

[@hansdoreen]

"Gold is a financial asset", and "it correlates with inflation". That looks to me is the definition of real money.

[@stephenmcsweeney7562]

Ah yes, this is why I don't like him. He contradicted his 30 year cycle with every point he made thereafter. Nice one Harry, ya big clown.

[@joeyforeman2776]

lmao he doesn't sound very reliable.

[@tonyfrattaroli7371]

let me guess - you stack gold??

[@stephenmcsweeney7562]

@@tonyfrattaroli7371 amongst other things. It's also performed fantastically with tax free gains.

[@tonyfrattaroli7371]

@@stephenmcsweeney7562 profits on gold are taxable if your honest

[@tonyfrattaroli7371]

I just appreciate talking to someone who uses a real name. not real credible if i have a conversation with goldman45 or shinysilver

[@GenXstacker]

Thanks to David Lin, Kitco has become my daily source for interviews related to PMs and markets. He knows how to be friendly while still pushing the guests to defend their narratives. He got more back-and-forth out of Peter Schiff than almost any other interviewer. Keep up the good work!

[@podiapod888]

Most Vietnamese business owners, from the street vendors to the big business owners, convert their earnings to gold on a regular basis.

[@428ghost]

Get Jim Rickards, Peter Schiff and Harry Dent together to debate the meaning of inflation. Epic.

[@Phil-ll8kw]

No-one would get a word in lol

[@josephl6896]

That Schiff argument with Rickards made me lose respect for both of them... Schiff for not simply agreeing Rickards meant price inflation and Rickards for letting Schiff walk all over his argument.

[@290revolver290]

They would argue from beginning to end 😭😭🤣😂🤣

[@290revolver290]

Phylip Montgomery exactly 🤣😂🤣

[@bar8665]

😂🤣🤣😂👍 yes please

[@anzman911]

Good interview they invited someone who is not the gold bull. Different opinions matter, judge for yourself. Kudos to kitco.

[@Itsaboutthewaterlife]

Exactly. Gold and silver are a indicators of a tanking economy. I already have my short orders in for opening bell tomorrow.

[@290revolver290]

Your comment is the first I’ve seen here that is rational.

[@goldman1195]

David you are great interviewer for asking right on the spot questions and putting this guy dent on the spot. he contradicts himself. great job dave.

[@ILLUMINATOR49]

HELP WANTED: Spokespeople to persuade investors to sell metals to BANKING SHORTS.

[@J-077]

"sell ur gold gold price is going down", while the banks secretly buying it all up, sounds about right

[@gg4gb1914]

@@J-077 Yeah. The Coca futures should be a warning to everyone. If they are lying about voting ballots what else are they lying about. I think Gold is NOT a Lie and will out perform the markets that are lying. That's my 2cents

[@sukhdeepnagra5769]

Lol

[@suggadeg]

If there is no inflation, than why has my weekly trip to the supermarket double in cost?

[@williamwilson6499]

Because it didn’t. You’re just full of shit.

[@theawakened2020]

The guy has just landed from outer space

[@farmerdude3578]

I don’t know about double, but definitely gone higher. And a lot more items are coming up missing. Sometimes they return for a time then gone. And don’t get me started on the price of ammunition and homes.

[@farmerdude3578]

@@david-fletcher it not deflation!

[@SuperBullyone]

our costs have gone up a lot too. Even the price of gasoline should be much lower with $40 a barrel oil, but they are holding it at $2++ a gallon. If you want to watch "inflation" go to ACE hardware. Whenever the economy tanks and Ace's volume declines they raise their prices, sometimes double. It is easy to see in a small store.

[@mutantryeff]

Can't raise interest rates, as the US doesn't want to pay interest on their debt.

[@christianmuller292]

Exactly. You can't put up interest rates without HUGE consequences, sometimes just a quarter percent. The FED won't saw the branch they're standing on.

[@perseusrex614]

want to or not is irrelevant - we cant afford to unless we print it!

[@lanceheaps581]

Exactly the Fed and the country is in the Roach Motel of debt. Only thing they will do now is print, print, print to try and delay the reckoning as long as possible.

[@mistert6552]

@@lanceheaps581 or inflate their way out of it.

[@mikeq5807]

Harry Dent better prepare for a huge dent in his crystal ball!

[@davisutton1]

He is psychologically quite robust. He forgets all his failed predictions. Yes, their are numerous 'blanks' in his memory.

[@ozgag6264]

Whenever my kids fail to do their honework, i ask them to study hard or else they end up dumb like harry dent

[@SleekMouse]

😅😅😅😅 you funny

[@noelcorrea3891]

LOL!!!

[@bbustin1290]

I almost sensed Lin was going to bust up laughing but didn’t want to be disrespectful

[@cramsa]

We are still waiting for your $700 gold call Harry Dent!

[@johnmcsweeney4966]

My thoughts exactly. Dent also thinks the metals markets are traded freely.

[@JohnSmith-zu2sy]

he keeps revising it up, last I heard it was $900, now he says $1000. The cost of Thanksgiving dinner is up 10% this year, expect this every year for the next decade.

[@johnmcsweeney4966]

Does Dent have a position on cryptos as well?

[@TRES-LECHES466]

Nothing stays the same, of course we all need to revise our numbers dummy duuuuuuhh!!!!

[@johnmcsweeney4966]

Right, Dent wasn't wrong, his $700 call was just revision-deficient lolol.

[@marcelinoperez2926]

Everyone has the right to represent his theory. With the mad financial politicians, one can only speak of theories. Nobody can build on the past. We live in a new world, absolutely controlled by criminals.

[@westcoaststacker569]

Nothing seems to be normal now. Governments are trying to cheat the system and none are calling out the others.

[@marcelinoperez2926]

@@westcoaststacker569 Historical comparisons can be made. But only that people always wait too long and let themselves be enslaved with bread and games.

[@KoDeMondo]

Indeed this is not a crisis but only a DELIBERATED AND PLANNED CHANGES of the Economic system... That all!!

[@donaldduck926]

Isnt it the "Harvard trained economist" who constantly predicted that gold would crater to $ 600 ?

[@ianmyers6643]

I was thinking $700, but I think you're correct.

[@williamsgoldanddiamonds6239]

He has stated possibly as low as 400 to 700 years ago

[@r.s.334]

Like I said. He is good for a laugh.

[@Itsaboutthewaterlife]

Yeah, then why are gold and silver getting hammered. Uhhhh, maybe because there is no inflation.

[@waynerichardson1051]

I bet you guys wished you never invited him on the show? Did you get a brief of what he was going to say? Ha ha. There'd be a few people out here seriously considering selling their precious metals after this podcast. He's a passionate and intelligent guy, and seems to understand the environment we are entering. Time will tell. I'm holding by the way! Cheers

[@-Atmos1]

He doesn't have a clue what's going on

[@Bobby8270]

Gold to 1000 dollars. Lol. They’ll have to stop mining it.

[@MDany111]

Funny huh. What is this guy talking about? Everyone else i listen to is saying that gold is gonna hit 2300+ next year?

[@TRES-LECHES466]

You clearly didnt listen. He said gold will go up to 2200 then it will crash like it did after 2011. Theres no inflation. Peter Shiff was wrong in 2011, gold crashed!!! Exactly what HD said.

[@sivi9741]

Doesn’t matter the price of gold , it is what you can buy from it ! And if gold falls too 1000k for example , imagine how much more everything will cost even less ! Gold goes down 50% , everything else falls maybe 75%+? It’s a debt crash , no one can pays for anyone because to many “I owe you” , unbacked debt paper , everything falls quickly until I imagine a good ratio of debt to asset is acceptable or ..... The price of gold sky rocket ! Who owns the most gold and has the biggest debt in the world ? USA ! Only way to backed so much debt is with gold and you push the price of it way higher and every commodities will follow . Everyone in the world will pay for it since US currency reserve ! Massif inflation everywhere in the world . Interesting time ahead imo . The harsh bear market commodities suffer for years will end with a vengeance imo. Paper money isn’t real value at the end ! Overinflated value will go down ( ie: real estate) and undervalued tangible will go up (commodities) . Better historical sustainable ratio ( regression toward the mean I suppose) will return .

[@empowerbuilding4982]

@@sivi9741 good points ! It is all supply and demand. In a deflationary environment you need less to buy more. Case in point technology.

[@mistert6552]

That makes what sense? Supply and demand. No supply and the price goes up.

[@Stone881]

This guy is like Dennis Gartman, do the opposite of whatever he suggests.

[@flixseal]

He is never right. He said years ago Dow 50000 by 2020.

[@ng7306]

@@flixseal 😂

[@jung.k]

@@flixseal Its only job where they openly admit they suck at what they do but keep making "predictions" He will humbly admit hes wrong when hes wrong and move on to next handout

[@justicemoody]

Literally I said this very thing in 2008.

[@williamsgoldanddiamonds6239]

I remember watching videos of him saying gold was gonna go back to the 400-700 dollar range again, I laughed personally.. This was several years ago

[@johnwinchester2428]

Dents as clueless as the Federal Reserve.

[@TRES-LECHES466]

Clueless? Are you nuts? HD just dropped a jewel regarding LT bonds you dummy. When all crashes, EVERYONE will run to bonds. When you sleep, I eat bonds!!!! Buaaahahahahaaa (evil laugh).

[@gianfrancobergagna4024]

He is a fed working man.

[@davisutton1]

Okay, that one is a genuine exaggeration.

[@290revolver290]

🤣😂🤣😂

[@TheMongolianWay]

This guy always says he called everything right after but when you actually listen what he said at the time he almost always calls everything wrong

[@aliciawilliams7666]

Brilliant discussion! Great interview. So good to hear both sides!

[@somchai9033]

He’s wrong about bonds being the only thing that went up in the 1930s. Gold stocks soared. Keynes made his fortune in gold stocks.

[@whiteswordwarrior9995]

After falling 80pct in 1929? Gold does nothing in deflation.

[@Daniyoyo]

Respect to kitco to bring on the ultimate Contrarian on gold

[@jongmarimon84]

Harry Dent is clueless. Been wrong so many times. Each time i watch him his prediction changes every time

[@mshahid2898]

Yh he’s comical -

[@midlifecrisis7888]

He has no clue

[@BanditHat]

that was an off analysis

[@williamwilson6499]

So...detail where he’s wrong.

[@obeziana66]

@@williamwilson6499 good point..! But I call it the laws of unpredictable variables....a monetary reset may see his predictions wrong for 2030....I cant see it taking that long..! And I dont know what will happen to his junk bonds either with his debt based investments....personally I would avoid them..

[@julianvijarro22]

I feel like this dude doesn't get inflation.

[@pjdelucala]

No such thing as cycles especially today when things are changing so much. Cycles assume that things don't change. Things are changing. Never has there been such debt. It is debt and the government's desire to pay back that massive debt that will drive gold much higher. It happened in 1933 and it will happen again

[@Timithos]

He's talking about the massive cycle of generations, the baby boomers - massive amounts of population cycles. He's not talking about smaller, less consequential cycles of things. The government's desire to pay off debt.... I know not what you speak of. This is not 1933. This desire doesn't exist. Say goodbye to the American empire forever and get ready for the end times scenario.

[@toms8483]

He makes a great point about Asians and Chinese, they love gold, it's engrained in their culture. North Americans are more agnostic to gold than anyone so they underestimate it

[@sivi9741]

Well there is a reason for it right ? Americans had the reserve currency for 70 years + now ? it got a higher strength than its real value because its the reserve . Imo the need owning gold to prevent currency devaluation is less . But the US is imo very near to lose its status of reserve ( if it isn’t already done in practical term...) and so American should really consider get gold before they feel how much less strength the dollar is without being the reserve ... It is patriotic as well since the US as the biggest gold reserve in the world ....

[@toms8483]

@@sivi9741 agreed.

[@dawidw.6016]

It's good that he mentioned @PeterSchiff, I can't wait to have response from Peter soon!!

[@mattjr9478]

It's funny how many of these economists say there is no inflation. Inflation is expansion of money supply, which has drastically increased over the last two decades, and prices thereby rise in assets like real estates, stocks and also in the bills, service fees, medical costs, and also some food. Those who hold many assets are benefiting from the inflation, but those are mainly boomers, most young people nowadays are broke. The system does not reward working middle class, but those who speculate on assets. So, we are witnessing larger wealth gap around the world, and what an irony those people say there is no or little inflation. Japan's bubble poped 40 years ago, but today young people are still struggling: many could not afford an appartment/house; and birth rate is dropping; families are disappearing. This is the result of rubbing working middle class. It is quite possible that the bubble pops one day, but they will reinflate it, because creating credit can be simply done by pressing some buttons on a computer!

[@weedthepeople2492]

How is printing 21% more money in 1 year, not understood as inflation? Its inflating our money supply while pushing the value of our dollar down. Crazy

[@williamwilson6499]

Because inflation in the consumer money supply hasn’t happened. Increasing bank reserves does not inflation make. When banks start lending and people start spending, inflation will rise. Until then...

[@westcoaststacker569]

@@williamwilson6499 Would not Stimulus and UBI bypass the banks.

[@weedthepeople2492]

@@williamwilson6499 I have a really tough time believing that the money is printed out, then just sits there in THE BANKS reserves without being touched or used somehow... lol. I also dont believe that 7 trillion was all that was printed in 2020.... for as per dr. Skidmore research, they cant find over 21 trillion additional dollars. Dont think for a second the money printed is just sitting there, deposited into banks and not being used.... I dont believe em.... I think they are spending every dime.... If they arent WHY print more and give it to the banks consistantly????

[@ssoffshore5111]

@@williamwilson6499 Agreed, the vast majority of that money went into assets and markets. We have obviously seen this inflation. If the left (likely) throws a major round to the public, then we will see inflation more heavily in general sectors. When/if the markets crash, we will see massive deflation.

[@weedthepeople2492]

What else went up during the frat depression???? Mining stocks. I believe hella went up 4x

[@bws205]

if you don't know what gold will do in the next 6 months....you don't know what it will do in 5-20 years

[@pjdelucala]

Gold increased by 40% in the Great Depression during massive deflation because of a money supply reset. Gold will have that same role again because of the massive debt. It will be used to pay off the massive debt after it is reset to $40,000 an ounce. Gold is not correlated to inflation. It is correlated to debt.

[@RafitoMembroza]

I don't know if debt has anything to do with that but gold price has always follow inversely the 10 year Treasury Inflation Protected Securities. Just look in Google for a chart.

[@CapitaineBleuten]

Interesting... Also, about deflation: deflation is increase of money value relative to other things. If you consider dollars to be money and gold as a commodity, yes gold should drop. But if you consider gold as money instead, it's different

[@sivi9741]

@@CapitaineBleuten not sure imo . It’s a debt crisis , meaning a lot of stuff are overvalued / over leverage . What is overvalued is paid by debt . That is what I understand anyways. But no one owe gold to anyone , or any commodities for that matter . So they can’t be overvalued and it explains probably why they are in a all time low ! Everything else is overvalued . Everything funny paper money fundings. Real estate for example .

[@peterwilson9327]

Harry doesn't have the best track record. HODL GODL HODL SLIVER too

[@davidwright8626]

Hodl and some people (but not me) might choose to dollar-cost-ave just in case we do get a short deflationary BUST event...

[@gianfrancobergagna4024]

Gold is in bubble!

[@moepharmo]

Peter Schiff has saved me thousands with his advice Dent can’t hold a candle to him!

[@monsterous289]

I'm curious to know how Schiff has saved you any money. He has inhibited several people I know from becoming multimillionares over the past 2 decades. Furthurmore all his funds have a very high 3% management fee and they average nearlt a 50% loss since conception. He's put other people's money where his mouth is, lost them 10s of millions, and clearly doesn't understand concepts beyond Economy 101.

[@Aw3someOpZ]

So what are your thoughts? considering how in 08 gold went up and around 2011-13 gold started to drop but the floor for gold didn't go down to 2000s levels. Is that what you meant when gold is gonna see a bull run when gold tanks maybe 3 years for now and things start picking up up again?

[@HangTheBankers1]

This guy is almost always wrong. I do the opposite of what he says.

[@canaanitetv]

He's right but can they actually keep printing money? If so why tf am i paying taxes?

[@benfranklin3638]

I'd love to ask Harry about what he thinks will happen to gold if "The Great Reset" happens...I agree with his analysis under out current system but what if there is a total reset with some kind of new monetary system??

[@Satsmal]

What does Harry mean when he says deflation?

[@bruce5895]

I agree 100% with everything Harry Dent has to say.

[@lightningmacqueen4097]

Awww, were you dropped on your head when you were a baby?

[@bruce5895]

@@lightningmacqueen4097 No, but my relatives invented the telephone and are getting free phone service to this day and my intelligence level is 145 on MENSA, what are your accomplishments if any other than critizing other people for their views.

[@MMMM-sv1lk]

Excellent moderator... Bravo Kitco great news and information ... 😊👏👏📰

[@bbustin1290]

Yeah right longterm treasuries are safe as long as the dollar maintains its purchase power. How is that possible with the FED continually debasing the dollar.

[@audriusbartkus6306]

Yes , you are right , long term treasuries by completely killd with inflation

[@Radio280]

I love that guy. He belives in his opinion. I am interested still to see, if there will be an inflation or a deflation though

[@geeezer9]

where is the theme music from? at the end of the show?

[@ianmyers6643]

No INFLATION??? Amazon & GOOGLE were less than $50/share in March of 2009. There's been tons of inflation, just hasn't affected Main Street as much, but it's coming.

[@sglenn6]

Outstanding interview with Harry! Thanks

[@christianmuller292]

As of writing, gold has gone up by 658% in the last 20 years. That's more then a 30% return on average. Has the Dow gone up as much in that timeframe ?

[@ShamileII]

@@ALCAN52 well said. My thoughts exactly. ...annnd, it doesn't create fees and stock buybacks so gold is shunned by Wallstreet.

[@evilzzzability]

Harry Dent: "it can go as low as it will take for my crackpot theories to get a headline"

[@JayBrownMtl]

Someone should inform that guest about inflation formula manipulation. Loved him but he seem to have come up short on that. Shadowstats or chapwood index for more info

[@mr.bullion6786]

Harry has been wrong about gold every time. Not to be trusted, he talks too much.

[@noahhairapetyan4837]

Frankly this guy didn’t know what he was talking about. Where is his $700 GOLD prediction ? He is totally wrong.

[@TryToLearnFlutter]

Lol, so true

[@conduit242]

Notice how he didn’t mention that. He said he called $1000 and then a bounce. He’s a nonstop revisionist historian with delusions of self-grandeur

[@TryToLearnFlutter]

He said gold going to 700, and then he corrected to 900 and then corrected again to 1000. Probably next year he will say gold will be pullback to 1500

[@Itsaboutthewaterlife]

Who cares. Gold and silver are being hammered. Not a very good sing for approaching inflation.

[@grants.6122]

Oh, that would be APRIL 1st, 2021. He did say strong first quarter up to 2021-2023. You know, because of the money printing. SO...I have narrowed to APRIL 1st this year, next year, or the year after (2023) April 2, it will be $1000.

[@jakestevens7283]

Why does this guy always look like he just drank 9 cups of coffee?

[@fuzzjunky]

here we go again lol

[@peter9878]

Awesome interview and info

[@edsilvius9259]

This guy changes his rhetoric more than the sun comes up .

[@dawidw.6016]

Examples?

[@edsilvius9259]

Simply go back and listen to some of his previous interviews. It's one contradiction after another.

[@davisutton1]

That is an exaggeration...but only just.

[@kennethadams1398]

Reminds me of a weather forecaster..... It’s going to be a lovely sunny day but maybe a chance of rain.... but mainly sunny... but maybe rain also at times....

[@bar8665]

Fair comment, but really imagine trying to figure out supply vs demand, with printing, with interest rates, with population psychology, with geopolitics, with market manipulation, debt to gdp etc. etc. I tend to trust a guy who says"I really have no idea but do my best with an educated guess" lol

[@jamancity5564]

Great to hear the numbers, $2200 down to $1000, any chance you could tell us the dates ! 😉👍

[@SuperBullyone]

When Gold hits a $1,000 an ounce, I am buying all I can buy. the dollar is still going to become Zimbobwe toilet paper.

[@francovernica858]

Thank u FOR the video and INFO

[@cramsa]

“There is no inflation.” This explains the 7-8% rise in education, health care and rents/housing... Does Mr Dent even do his own grocery shopping? Have you seen the price of beef, pork etc lately? Oh, there is no inflation...

[@theawakened2020]

Give him some slack he has just landed from Pluto.

[@williamwilson6499]

Don’t understand Supply and Demand, eh?

[@firesheep2009]

absolutely love this interview

[@rustyglass4718]

What dent says and does are 2 different things. A hero in his own mind.

[@gg4gb1914]

Kitco PLEASE do a video on Coca Futures market and what that means for Metals. It is eerie similar.

[@tinfoilhat6392]

what is the Dow to gold ratio?

[@akshaydixit9931]

Was it a gold's final correction??

[@kevinford6420]

I believe Jim Rickards, agrees that there won't be inflation, correct me if I'm wrong, but he says gold is going up big time due to destruction of fiat currency. Its all getting a little confusing. My bet is gold and silver is going well up (hope so, got a lot of skin in the game)

[@traviantist]

Host is very knowledgeable, was seen before and he nail it again.

[@StockGenius152]

Lol, this guys been calling for 400 then 700 gold for years, now that golds hit record highs he’s bullish, what a joke!

[@williamwilson6499]

You do understand gold is still in a bear market for the last 40 years?

[@mrmc2465]

Absolutely a farce

[@shadowbanned4days]

This guys a moron .last 3 kitc o guests are trash

[@Sky1]

Toilet paper has been the best performer Always goes up in price and is always needed if I only had enough place to store it

[@DoritoWorldOrder]

"Inflation just isn't happening! Look at the CPI!!!" Yes... expanding the money supply by over 25% in a mere couple of months has nothing to do with why every major equity in the US market is overvalued... they're just "preventing deflation."

[@pareshdoshi8797]

I liked this interview Very intelligent opinions Thanks David

[@hanifhashimi5494]

David's reaction when Harry said put your money in bonds lol this guy is getting paid by someone from the Wrongside. I'll stick to all the other experts like Doug Casey, Jim Rickards and E.B Tucker

[@JohnSmith-zu2sy]

30yr bull market in bonds could unwind real messy

[@SuperBullyone]

Richards is deep state, I don't trust him at all. Doug Casey seems good.

[@hanifhashimi5494]

Yea i got that vibe from rickards too being c.i.a and all. I really like George gammon and these other macro economics like lyn alden

[@JohnSmith-zu2sy]

@@SuperBullyone he is deepstate but the conversations he reports having with the top brass implies that he is influencing them more than the other way around. Also he is Christian leaning which sets him apart from the other goldbugs.

[@75avan]

What happened to $700 Gold level????? Stop flip flops you track record is horrible!!!

[@Timithos]

So it retreated to $1060. So he was off by $360. So what?

[@rs72098]

What gold bugs don't realize is that stock prices would likely rise faster than gold prices in a hyperinflationary scenario. Take a look at Venezuela. Food is more valuable than gold during a major crisis.

[@codybroken]

Right or wrong, I like Harry's enthusiasm.

[@GenkiSugiru]

I'll correct a few incorrect statements in this video. Firstly, David referring to a Dow:Gold ratio of 1:1:. ONLY before 1870 was it 1:1. It has been over 1:1 since 1870, and mostly in the 10:1 - 15:1 area the past 30 years. It's now 16.5, which is close to the normal range of the past several decades. If it goes to 10:1, that could mean Dow 20,000 / Gold 2,000, or Dow 25,000 / Gold 2,500, or Dow 30,000 / Gold 3,000, etc. Secondly, Harry said nothing went up during the Great Depression accept bonds. I'm surprised he doesn't know the great success story of Homestake Mining, a gold mining stock, for which the stock price went from $80 in Oct, 1929 to $495 in Dec, 1935.

[@gianniprocida3332]

Excellent interview

[@jun9098]

Thanks David. I like Harry. Looking forward to Bang for the bucks!!

[@GlassICE]

Even if his right, I'm still gonna keep my Golds anyway

[@eroseerose1874]

Keep it as sell or buy??

[@GlassICE]

@@eroseerose1874 Not sure for now but, it's an uptrend long term

[@Timithos]

By all means keep it. Just quit buying it at record highs, and wait for another buying opportunity.

[@eroseerose1874]

@@Timithos What is the best entry to buy?

[@TRES-LECHES466]

I believe the stock market will begin its decline on January 6, 2021. I see gold as a 3 wave rollercoaster, up starting next week, down starting January 6 2021, then up starting long starting April 2021. Harry you the man, that's why we are subscribed to your newsletter!

[@scabu3]

gold is the measure of inflation. gold price going up just mean currencies getting weaker due to inflation

[@williamwilson6499]

Wrong. Look up Supply and Demand.

[@scabu3]

@@williamwilson6499 are you saying gold price goes up because of more demand and less supply? well yah that will have an effect on the price too

[@gregabrams5792]

He said there is no inflation? I guess he doesn't shop at the grocery store. Things are going up 50%. He is spreading misinformation.

[@conorm2524]

You cannot equate inflation with how much food costs in your local market. There are waaaay too many other variables at play.

[@TryToLearnFlutter]

Yeah dude, you can't say there is inflation with only 1 goods that have prices going up. He is talking about annual inflation, it has to count all of goods and services

[@mistert6552]

@@TryToLearnFlutter And he's talking about current conditions and going forward. Nothing has went up 50% due to inflation. People should really learn supply and demand. Also, commenters on youtube have less brain cells than letters in this sentence.

[@wesleyt4109]

Dent sure is passionate. I do like hearing from him

[@Mdaddy4]

It's good to have Harry Dent on to hear a different perspective. However, i have a few items to point out. First, his only argument is that gold is ONLY correlated with inflation. However, gold is correlated with other factors too such as the strength of the USD, deficit, debt, and geopolitics. Also, many analysts are seeing inflation coming back so Harry's insistence on only deflation may not be correct. The current environment is not the same as the Great Depression where gold's price was set and there was none of this massive monetary and fiscal stimulus. Gold only truly became freely market based in 1971. The 1970s gold bull market matches the current gold bull market remarkably well if you overlay the two charts. And there is a chance that the government will experiment with MMT and direct cheques to the people. We haven't had inflation for 40 years and i think in this current environment when everyone thinks inflation is dead it'll come back with a vengence. So based on the evidence, i think gold will continue to rise and follow the 1970s bull market.

[@constanceone]

Stagflation in the 1980's was a period of high inflation and high unemployment (deflation). Mortgage interest rates were 18%+

[@welbyncastro9169]

So deflation is more goods being produced than people buying?

[@jung.k]

Oh so it now correlates with Inflation Yesterday it was Bond The day before it was Dollar The day before it was Equity The day before it was Oil price The day before it was BTC The day before it was the Vaccine and the list goes on It always correlates with something but never with one thing It probably correlates with the stars

[@martinrev8487]

Let’s look at how shares of Homestake Mining, the largest gold miner in the U.S. at the time, and Dome Mines, Canada’s senior producer, performed during the Great Depression. Company: Stock Price 1929 to Stock Price 1933 Homestake Mining $65 to $373 Total Gain - 474% Dome Mines $6 to $39.50 Total Gain - 558%

[@spankymcduff9683]

Hay Harry....what happens when usd (which is a fiat currency) chits the bed?(and every one has in the past)...a person might want to have some real money as in gold/ silver...physical

[@johnward514]

He’s comparing the cycles and performance of gold when we were on a gold standard prior to 1971 to what happens next now that we’re decoupled and there are no limits to printing.fundamentally flawed.

[@BrutafulStudios01]

As a new investor, where does one buy gold. and just as important, when it's time to, how does one sell their gold?

[@deansamons1438]

look o the internet for/ JM Bullion/ moneymetls exchange/provident metals /and last but not least is kitco

[@BrutafulStudios01]

@@deansamons1438 Thanks Dean, but a quick noob question, are most investors buying gold intangible like a stock, or actually buying physical bars of gold?

[@deansamons1438]

@@BrutafulStudios01 i have no idea what most investors do. I have enough to do watching out for me and mine>

[@sambhawdugar]

Its true that Indian's do love gold.. but not the upcoming generation.. it is loved by the old generation only who is not going to earn in future and buy gold as jewellery..

[@contrariandealer3466]

pretty hard to see deflation when production is non-existent

[@VenezuelaNow]

4 years ago 1kg bacon $7.00 Dec 2019 1kg $11.97 Dec 2020 1kg $15.97 That is my inflation measurement