Harry S. Dent Jr., "The Dean of Demographics," founder of harrydent.com joins the show from Puerto Rico and says "Gold does well in times of crisis - it's no surprise gold is doing well..."
Gold will do well when [the investors] see a potential crisis coming as they have at times during COVID-19. I think that's what's happening here.
I think the 2008 crisis gold went up for most of that downturn, and only had a brief sharp downturn, in late 2008. So, I'm not surprised that gold is kind of doing the best here. What I'm really looking at is everything else is showing huge divergences with saying, we probably are putting in a significant top here.
- Is the US debt market and stock market the biggest bubble in history?
- The bubble may deleverage in 2025, notes our guest.
- The abrupt rate hikes appear to have debt investors on the sidelines.
- Harry expects our favorite digital currency to top $140k in the next bull run as soon as 2025.
- Why are enthusiasts so excited about the Lightning Network and what are the use cases?
- What is the growth potential for the new NFT protocol, "Runes."
- Which digital currency most closely represents digital gold?
- Will consumer and investment demand from India remain a driving force behind this gold bull?
I would love to see gold correct if we have a global downturn, which I think we're still due because I know who's going to consume the most gold in the future, and it's India, which is the next China...
China grew 20 times...a lot in the last so many decades, and India's going to do this, they have better business people up there from what I've seen, I've traveled a lot to India. I compare India to China. It's similar levels of urbanization and development and when I go back and do that, India's always been ahead of China at whatever level of urbanization, they're just behind them by three or four decades. So, India is going to be the next big thing. Indians love gold and will spend a higher percentage of their money on gold than any other people on the earth.
- Visit Harry's site: www.hsdent.com
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
