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Harry Dent's stupid Silver and Gold prediction of deflation.
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[quote:EAT 71420435:MV8zMDg1NTk3X0M4OTZEMkQ=] The problem with Harry's Dent's deflationary prediction and comparing what we are about to go thru with the great depression of the 1930's .... ...the problem is that the US dollar is not tied to gold like it was in the 1930's. Therefore there will be NO DEFLATION in the price of gold or silver. Rather, there will be inflation of the price of precious metals. Harry Dent thinks the Fiat US dollar remains the boss of the world. Fiat currencies can never be bosses for very long. [/quote]
Original Message
The problem with Harry's Dent's deflationary prediction and comparing what we are about to go thru with the great depression of the 1930's ....
...the problem is that the US dollar is not tied to gold like it was in the 1930's.
Therefore there will be NO DEFLATION in the price of gold or silver. Rather, there will be inflation of the price of precious metals.
Harry Dent thinks the Fiat US dollar remains the boss of the world.
Fiat currencies can never be bosses for very long.
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