Harry S. Dent Jr. comments on the election and Gold Prices, did Harry Dent just lose credibility? – April 28, 2020

Sorry Harry but you lost me on this one, on Harry’s Take 4-28-20, Harry appears to believe that Andrew Cuomo could be the next President and then says Gold will peak at $1800? If Donald Trump loses the election I’m on Peter Schiff’s side! Gold will easily surpass $2000 if there’s any inkling that Andrew Cuomo or any Democrat for that matter wins the upcoming U.S Federal election.

Bitcoin is an open rebellion against central banking!

Where I don’t agree with Schiff is on Bitcoin, now let me be the first to say that I hate the bitcoin wallet system, I think that’s it’s the biggest flaw, but what is Bitcoin really? Bitcoin is an open rebellion against central banking! Bitcoin is a symbol of the number of people that know what’s going on! Bitcoin is a signal to central banks globally to get your act together, and Gold is the establishment of or the return to the times where money had real savings value.

Donald Trump is decent economic leader, he’s obviously not perfect, but the market definitely prefers Donald Trump over Andrew Cuomo or Joe Biden. The market always favors the Conservative over the spendthrift Liberal and out of sheer rebellion similar to what happened under the Obama administration, the U.S dollar will tank if a Democrat wins the White House!

This means Gold will skyrocket and what makes matters even worse is that if the economy rebounds there is going to be a supply glut for everything, Gold does have industrial properties and people are hoarding it! I personally on’t want a Gold Standard, because I don’t trust any Government with money, I’d prefer Gold money to take a similar path to bitcoin, but that’s just me!

Sorry, Harry but you lost me on that one!

Interesting times ahead!