HS Dent Founder’s ‘Everything Bubble’ Theory and Its Potential Impact on the Economy
On Tuesday, Harry Dent, founder of HS Dent and financial author, spoke with Michelle Makori, the lead anchor and editor-in-chief at Kitco News. Dent expressed his belief that “the biggest crash in our lifetime” is approaching and that gold will be one of the year’s hardest-hit commodities. This perspective differs from that of many “gold bugs” who believe 2023 will be a positive year for the yellow metal.
This week, economist and gold advocate Peter Schiff stated that gold’s rise in value is due to its perception as “a hedge against inflation and a weaker dollar.” Historically, gold has been viewed as a reliable store of value and a hedge against inflation and economic uncertainty. Similarly, Jim Cramer, host of CNBC’s Mad Money program, emphasized that those who truly wish to protect against “inflation or economic chaos,” should “stick with gold.”Gold to Lose Its Shine as Harry Dent Predicts Massive Crash; Bitcoin to Follow Suit With Low of $3,250 – Economics Bitcoin News — BitcoinEthereumNews.com
Categories: Economic History
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