Friday, January 02, 2015

John Embry & Harry S. Dent Jr.

January 2, 2014

Featured Guests
John Embry & Harry S. Dent Jr.
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John Embry - Summary:
  • John Embry, Chief Investment Strategist at Sprott Asset Management, views the mainline mantra of economic recovery in a dim light.
  • The new Sprott Gold Miners ETF (SGDM) has eclipsed over $100 million in assets, earning the coveted title of the most successful ETF of 2014.
  • The gold, Ruble ratio (see Figure 1.1) illustrates how the yellow metal exploded over 100% within weeks, shielding holders from the currency implosion.
  • Since 2000, the Ruble currency has collapsed by nearly 95% compared to gold, garnering windfall profits for gold investors.
  • The recent plunge in crude oil price may be a blessing in disguise for PMs mining companies, lowering energy related expenses and significantly boosting overall profitability.
Harry S. Dent Jr. - Summary:
  • Stocks have entered bubble territory, setting the stage for Credit Crisis part II.
  • Although the Dow Jones Industrials could gain another 2,000 points, 20,000 could be the bull market zenith, leading to a precarious selloff.
  • The next global financial bubble implosion could be the end of all bubbles with the exception of hard cash.
  • As massive global deleveraging unfolds, trillions of dollars in debt will evaporate leaving only short-term government bonds and to some degree, physical gold.
  • The Fed won't raise rates this year.
  • Plunging crude oil prices may have considerably further to fall making the energy sector a less attractive investment.
  • The economic carnage could benefit most Americans / global inhabitants, as deflation will vastly reduce house prices.

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Chris Waltzek:
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