HS Dent August 2011 Update

Harry Dent provides an economic update and announces that his new book "The Great Crash Ahead" (co-authored with HS Dent President Rodney Johnson) will be available in late September 2011.

To pre-order at a discounted rate through Amazon please copy and paste this link into your browser: www.hsdent.com/book.

Category:

News & Politics

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• HS
• Dent
• August
• 2011
• Update

[TampaAlex]

So "gold and silver don't bubble, period.".

They said that about real estate.

Look at the history of gold and silver and you'll see plenty of bubbles.

If you want to invest short term only then precious metal are fine but NOT for long term investing.

[hsdentfinancial]

@TampaAlex This is our point - people should decide why they hold gold and silver. If they are holding for investment, then be very wary. Prices have run very far, very fast. If, however, people are holding precious metals as a hedge against calamity, then they must decide what level of holding gives them comfort.

[L1661N6]

Hey Henry Dent, I just listened to you on the radio via the Coast to Coast show, great job!

[hsdentfinancial]

@L1661N6 Thank you!

Rodney Johnson, HS Dent

[TTBurner]

Get out of gold and treasuries, all together? So stay in cash?

[hsdentfinancial]

@TTBurner We see metals and treasuries as having too much risk for their potential reward, as they are both very expensive right now. In the very short term (over the next several months), there is a good chance of an equity rally, but it will be short lived. Cash is king right now and will probably be so for the next year.

[TheSnoopy1750]

@humanyoda Again, Dent makes tons of predictions - his accuracy is probably no better than a monkey.

If you want to believe this charlatan, go ahead.

Where is Dent's investment record? Does he run a fund with audited performance?

[marshman1953]

I think I have discovered a new method for investment success ... do exactly the opposite of what Mr Dent is advising.

[aeugenio007]

I bought the audio. I wish i could get my money back.

[freaklemon]

The crashing process triggers political response to send out more QE. This sets up the market for another nominal rise for the stock market next cycle. In March 2009, accounting regs were changed & Obama made some promises to place a put on the market. The rest is history from that low. In Argentina and in Weimar Germany, their stock markets rallied huge due to hyperinflation (but lagged). Notwithstanding a hedge strategy, being in cash is the worst place to be if you expect dollar depreciation.

[investornator]

You like Dr Steve Keens? I like you :D

[scottj719]

You state that paid off debts deflate the system, however do you address the established pattern of government socialization of bad bank debts, floated by currency expansion? Doesnt it seem likely that the coming crash will bring the mother of all Currency expansion worldwide as they attempt to mitigate quadrillions of bad debt? Finally, if Gold is destined to drop in a big way why would the world's central banks have reversed their patterns and moved to accumulate it in mass?

[torontobills]

Harry Dent youre wrong this time. You dont talk about foreign affairs. What will happen when we bomb iran? Oil is going to $300 and gold and silver will skyrocket. Once that happens forget your charts and books etc. The world is loosing faith in the US and it just matter of time before gold and silver is the new world currency. I look beyond your 1920's charts. I look back 5000 years. Harry Think about.

[TheSnoopy1750]

@marshman1953 Yes he is.

I don't trust any of these market prognosticators - they are all charlatans.

Of course, people like Dent keep their scam going by making many predictions and then brag about the couple they got lucky on.

I really wonder if Dent is like Bernie Maddoff where he knowingly makes these bold predictions with the full intent of suckering investors.

[marshman1953]

@TheSnoopy1750 Because he is an idiot. I too subscribed to his newsletter a few years ago and got burned on some of his advice .... specifically he was advising growth and aggressive investors to invest heavily (up to 45%) in technology just before the tech bubble burst a few years ago. You could probably have a portfolio worth$1 million if you took his advice, but you would have to start with $5 million.

[Ellipsis10]

Hey Harry i just listened to your interview on the Schiff Report You believe that GOLD and SILVER are in a massive bubble. You said in early 80s Silver reached $50 and then crash to $5 in 2 years..1 of the biggest reasons why gold came crashing down was because Paul Vaulcher raised interest rates to 15%...now if Bernanke did the same i would be shorting gold but the FED HAS JUST STATED THEY ARE KEEPING INTEREST RATES AT RECORD LOWS AT LEAST UNTIL 2013!! sorry but silver will not crash back to $5

[MrHeiwa07]

I think Harry makes some good points in his books. The demographic theory is valid and you should apply his strategies over the long term. I think having a 7 or 10 plan when applying his ideas. When it comes to short term strategies he has no idea about what he is talking about. Sure the metals corrected in September but they`ve made a serious rebound over the past 2 weeks. I don`t think the commodity correction is here yet. 

[DoYerBest]

@hsdentfinancial Aren't t-bonds, considered cash? I live in Canada, and we call them t-bills, and the yield is calculated over 30 days, instead of 31 days, but we consider the risk free/cash rate, to be the 30 day t-bill yield. When you say cash, do you mean 0% return, cash?