Harry Dent: Wrong Time to Buy Bitcoin, Gold & Stocks!!

Discussion in 'Bullion Investing' started by fretboard, May 15, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    If you watch the video from 11:52 Mr. Dent says it's the wrong time to buy Gold, Bitcoin and Stocks. He also talks about Silver and he don't sugarcoat it at all! Now in a different video he says the Stock Market is gonna crash down to Zero as early as June this year! I won't link that video but it's on Youtube! :D Interesting to listen to these people with predictions, I don't know if any are right, I mean I'm not gonna take the word from someone on Youtube that I never met before but it certainly is interesting! :cigar:

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  3. Antonius Britannia

    Antonius Britannia Well-Known Member

    Harry Dent sounds like a pornstar name
  4. Kevin Mader

    Kevin Mader Fellow Coin Enthusiast

    He wrote a couple of books in the 1990s, The Great Boom Ahead and The Roaring 2000s. His predictions there were generally right and as a futurist, he annoyed economists largely because he was accurate and they were not. I read his latter predictions weren't as favorable, but in all honesty, I haven't read anything of his for about 20 years. So I can't really say. But if you read those two books (retrospectively) and The Great Jobs Ahead, he made a compelling case for his predictions and his algorithms were pretty good.
    GoldFinger1969, fretboard and NOS like this.
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    One of a thousand opinions, what makes his
    any different ? There are plenty of experts
    that say completely different.
    Antonius Britannia likes this.
  6. yakpoo

    yakpoo Member

    I checked YouTube for his "Market Crash By June" video. I found it...right above his "Market Crash by April" video.
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The world is going to end next week,
    I think that’s just as likely..LOL
    FryDaddyJr and fretboard like this.
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    Harry Dent sounds like a name from a John Candy movie.
    midas1 and yakpoo like this.
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Maybe a member of
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  11. yakpoo

    yakpoo Member

    I backed into my garage door...and left a "Harry Dent".
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    as long as you give it a haircut first..LOL
    yakpoo likes this.
  13. yakpoo

    yakpoo Member

    Basically, he's saying that stocks, bitcoin, and PMs are bubbles ready to burst. As they burst, money will flow into U.S. Treasuries...pushing down yields and pushing up prices. I don't see that happening while the Fed and the Administration have their foot on the Monetary/Fiscal gas. Actually, quite the opposite.

    The more non-existent money we print, the more likely Mr. Dent's prediction will come true...but not by June 2021. This sugar high will likely last into the 2022 election cycle at least. Another data point is the U.S. Dollar Index (DYX)...which has fallen from 102 to 89 over the past year. That's bullish for exports...as the rest of the world emerges from Covid lockdowns.

    Defense is another strong area. Take a stock like Lockheed-Martin. It's trading at 15x earnings and pays a 3% coupon. It's a wide-moat stock with $160 Billion dollars in backorders. A cheap dollar and rising military threats around the world should lift future sales. A Defense ETF should be a part of every portfolio (imo).
    Last edited: May 16, 2021
  14. fretboard

    fretboard Defender of Old Coinage!

    Yeah, I watched that video long enough to hear that he revised his Zero timeframe from April to June! :D That was enough for me to move onward!
    midas1 and yakpoo like this.
  15. manny9655

    manny9655 Well-Known Member

    Sort of like the zealots who keep revising when the "rapture" is going to happen. "No man knoweth the day nor the hour..."
    fretboard and midas1 like this.
  16. -jeffB

    -jeffB Greshams LEO Supporter

  17. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    Yeah BTC is still 45000 so I kind of figured this wasn't a good time to walk into it. ;)

    My brain keeps saying Harvey Dent like that character in Batman ;)
    yakpoo and Collecting Nut like this.
  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    I know, right?
  19. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Please tell me atleast a day before this happens, that’s all I here, the bubble is
    going to bust, tomorrow, next week, next
    month or even 10 years from bow, the bubble
    bursters are the ones that have missed the
    boat on Bitcoin and now are making excuses
    on why there not in...LOL
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    it’s the perfect time, you want to buy low
    so I am a buyer at anything under 50
    that’s my target price.
  21. baseball21

    baseball21 Well-Known Member

    gotta love those people. Just keep predicting a crash over and over and eventually they'll be right and then act like theyre a genius ignoring the countless times they were wrong
    midas1 likes this.
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