24
Feb
15

Inflation or deflation… Why gold could soar either way

See on Scoop.itGold and What Moves it.

From Jeff Clark, Senior Precious Metals Analyst, Casey Research:

Some of you may be aware that investment guru Harry Dent has publicly stated that gold will fall to $250-$400. He specifically predicted:

Around $700/ounce is a certainty in gold by 2015 to 2016, and $250 is a possibility well down the line by 2020–2023.

His forecast is largely based on his belief that deflation will prevail.

Governments are fighting deflation. If government stimulus fails, we will have deflation, not inflation.

And he claims that gold bugs are wrong about gold’s future price because they don’t understand how markets work.

Central bank stimulus has created a whole new set of financial asset bubbles that will have to burst. That is its consequences, not rising inflation that most gold bugs (who do understand the financial and debt crisis) warn about.

As a gold analyst who has spent every day of the last seven-plus years watching this market, I can’t let this pass. I’m sure gold will not fall to $700, much less $250-$400—not in real terms (who knows if the U.S. dollar will even exist in 2020?… Or maybe there will be new dollars with several zeros cut off).

Hal’s insight:

Click through for the rest.

See on thecrux.com



Time is real? I think not

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