GoldSeek Radio — Harry Dent: Professed “Deflationist” is actually bullish on Gold
Harry S. Dent Jr., “The Dean of Demographics,” expects the bear market in US equities to kick into high gear.
Surprisingly, the professed “Deflationist” is actually bullish on gold, noting that precious metals will outperform most asset classes!
If the Great Recession of 2008-2009 seems intense, the nascent recession will be 50% worse in every way, notes our guest.
Stocks could decline 86% S&P and Nasdaq over 92%
Similar to 2008-2009, 30-year T-Bond funds such as TLT, and ZROZ (Pimco 25 year zero-coupon bond), which he currently owns, may represent an appealing alternative, given the deep discount prices today.
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.
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