Harvard Economist Warns “$700 Gold by Mid-2017″?

[Assembler]

Harvard Economist Warns “$700 Gold by Mid-2017″
http://economyandmarkets.com/exclusives/harvard-economist-warns-700-gold-by-mid-2017/?z=521489
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 eco

​

nomists 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.”
Market volatility, worries over the Europe Central Bank, negative interest rates, and China are among a laundry list of events that are driving panicked masses to buy the yellow metal. But this is only inflating the gold bubble that is poised to pop at any moment, he says.
Dent warns that we are about to experience an economic crisis far worse than 2008 — the full-blown collapse of the stock market and massive deflation.
And that investors who attempt to hide their money in the “safe haven” of gold, could damage their wealth to an even greater degree.

 

Amazon Forum Fav 👍

DR.ÖTEK Metal Detector, Waterproof Gold Detector, Pinpoint & Terrain Modes, Professional Metal Detector - Grab it through Amazon!

[Peyton Manning]

when it gets back to $300 I'm a buyer

although I keep hearing on the commercials during rush that gold and silver will peak this year!!

 

[smokeythecat]

If the economists ever got it right they would all be billionaires that would make Trump look like a minimum wage earner.

Personally, I have no idea where it's going but it will never go to zero. We are already in a period of deflation of some items. My real estate taxes dropped $200 this year.

 

[Assembler]

Hello
Thank you for your inputs as this one does not know as well. Will not go to 0 is right.

 

[releventchair]

Dents track record can be looked up.
Lets say I followed his advice by investing as he says market is headed and then he slams gears?
I did not find his net worth ,but he must be well off?
Anyway...
An economist who predicted a 17,000-point stock-market crash just 10 days ago is suddenly bullish | 12/19/16 | Markets Insider

 

[Peyton Manning]

yeah but did he say when it would crash?

 

[oneguy]

when gold was $20/ounce it took about 30oz to buy a truck.......takes about the same to buy a truck now 100yrs later. Ounce of gold will always be an ounce of gold.....can't say the same for paper money?? jmo

 

[Slingshot]

Economists, weathermen, scientists, archaeologists, astrologists, military experts, and politicians all pretty well group together in the clueless category that I personally attribute to them. I hope your right for your sake, but I wouldn't hold my breath.

 

[ecmjamsit]

Gold will be $700 when oil hits $22. OP's original link is error code 404.

 

[winners58]

Not too long ago...
.

 

[mytimetoshine]

I only listen to William Deveny. He's an expert. Rosalind Capital is solid [emoji23][emoji23]

Sent from my SAMSUNG-SM-G920A using Tapatalk

 

[Clay Diggins]

Predicting the future is easy. Just name any number and wait until the price gets there. Even a broken clock is right twice a day.

Quoting a broken clock on the other hand is a fools game. You will only be right one minute in every 719 minutes. Those sort of odds are worse than any casino.

It really doesn't matter anyway. That ounce in your pocket doesn't shrink or expand as the "price" changes. If you don't have an ounce in your pocket...

Heavy Pans

 

[Underburden]

I predict it will be dark tonite and a lot lighter by morning. Now I know my odds are a lot better than some economist taking a w.a.g.

 

[wtetro]

That means less people out digging and more for me!

 

[ARC]

Well here we are at "mid 2017"... tis falling... but to what ?

IMO... IF it does drop to 700...

BUY EVERY ounce you can get your hands on ! ! !

 

[DeepseekerADS]

Well, from my perspective and experience, gold will only drop to $700 an ounce if I jump in and buy a bunch!

As K. C. Hsu told me in 1981 "Wajah, we like you, we watch you and do the opposite".

 

[dave wiseman]

Doom and gloom predictions for the past two thousand years....even a blind squirrel finds an acorn now and then.

 

[rodoconnor]

Just like the guys that predict it'll reach $10,000 per ounce.

 

[boogeyman]

These guys are in the same class as astrologers & fortune tellers in my book. They give you enough vague info to let you fill in the blanks with your assumptions. /they're ALL just guessing, only some are luckier than others.

BTW I hope it does go below %500! I've got some extra laying around & it'd be nice to see it happen before I decide I need another detector....

 

[Honest Samuel]

I would like to find a ton of gold.