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Gold to drop to $700 in 2017?

Ebie

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#1
Harvard Economist Warns “$700 Gold by Late 2017″

February 13, 2017
Investors are fleeing to gold in a desperate attempt to weather the recent market volatility… but is this long time “safe-haven” actually poised to collapse wiping out trillions of dollars of wealth in the process?

One highly respected Harvard economist is stating an emphatic “yes!”.

“While many economists will argue that gold is not in a bubble… and insist it will soar to $2,000, $5,000 and even $10,000, my research has said otherwise” says Harvard economist Harry Dent in his latest report. “I’ve never been more certain of anything in over 30 years of economic forecasting.”
 

Buck

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#5
So, the alternative is to remain as a stock market investor and when it "corrects" it won't wipe out trillions, it'll wipe out hundreds of trillions

Oh Boy
 

TAEZZAR

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#6
I'm hanging onto my stack, all 3 sliver eagles & 1 gold eagle !
 
Last edited:

Weatherman

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#12
I went to the link in the OP and found only that Dent is trying to sell books. The very good news here is that after gold rockets higher toward $1,500 by year end, Dent will be even more discredited and fewer misguided people will buy his books.
 

Irons

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#13
I went to the link in the OP and found only that Dent is trying to sell books. The very good news here is that after gold rockets higher toward $1,500 by year end, Dent will be even more discredited and fewer misguided people will buy his books.
Last I heard all the experts swore the markets would tank forever more if Trump got elected.
One thing I can say about financial guru's is they are consistent. They are always fecking wrong.
But they are quick to explain why something happened after it already happened, which of course they never saw coming.
.
 

Thecrensh

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#14
Last I heard all the experts swore the markets would tank forever more if Trump got elected.
One thing I can say about financial guru's is they are consistent. They are always fecking wrong.
But they are quick to explain why something happened after it already happened, which of course they never saw coming.
.
They STILL can't decide on what got us through the great depression - FDRs socialist programs, or the onset of industrial buildup just prior and during to WWII....hahahaha.
 

Wellsburg

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#15
Remember back about 2001, gold was under $300.

All of our local dealers had ZERO inventory. Nobody was selling. If they had anything, the premium was about 20 percent.

Today, the premium for a gold Maple or Krugerrand is about 3 percent over spot.

I would welcome $700 spot gold later in 2017, a great price to load the boat. We will not see $700 spot gold again in my life time.
 

TAEZZAR

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#17
Harvard professor,that oughtta sway ya. The ivy league is full of bs nut jobs and wacky professors. They are highly regarded in their own circle
They are highly regarded ONLY in their own circle. Fixed it for ya !! LOL
 

Mr Paradise

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#19
Euro collapsing
Middle East is in shambles
China beginning to bully it's neighbors.
USA starting down the road of Balkanization and civil war.
Putin getting irritated.



Yep, who's gonna want to hold hard assets in these conditions.
 

TAEZZAR

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#20
Euro collapsing
Middle East is in shambles
China beginning to bully it's neighbors.
USA starting down the road of Balkanization and civil war.
Putin getting irritated.



Yep, who's gonna want to hold hard assets in these conditions.
So, what else can go wrong ???
:bomb 1::blew up: :drive by::fire:
 

Ragnarok

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#22
I really cannot imagine the dollar being worth that much ever again.

R.
 

the_shootist

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#23
For every article that predicts $700 oz gold there's one that predicts $10,000 oz gold. Really folks....when do stop being led around by the nose. I have my own ideas, read the information available and make my own determinations. I can make a bold prediction right now. I haven't got a farking clue where gold will go in 2017. You can take that one to the bank!!
 

Silver

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#25
Let's see:

20 Trillion US Debt
100+ Trillion Unfunded Liabilities
50 Trillion Private Debt

Who is gonna service all these debts? Millennials? They're struggling to pay their 1.3 Trillion in student debt, with a high percentage living with their parents. Baby Boomers? They're lining up at a rate of 10,000 a day to get SS and other benefits/pensions.

It doesn't look payable (serviceable). Printing is the only option - no need to default when you can print/digitize.

It's possible gold could go to $700, I'm sure holders of US debt would like that option, but I can't see it staying at those levels for any time. The future looks inflated to me.
 

Ebie

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#26
Gold at $700 would last for 24 hours maximum--if that long.
If all the major countries made holding gold illegal, and, set the price at $700, and, taxed any increase at 99%, even then, I doubt that it would be $700 in any real market.
And I doubt if all the major countries would do that anyway.
And if they just declare it to be $700 and make everyone exchange their gold for GLD--it still would not really be $700 for real physical.
 

TAEZZAR

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#28
The dollar value is around 2 cents, today, from it's original 100 pennies in 1913.
It's truly hard to establish the real value of gold, BUT I would guess more like $7,000 instead of $700 would be
a good guess. The banksters are doing everything they know, to keep gold artificially low.