>>30393802
>>30394493
>>30394749
>>30396699
Regarding our ultimate fate, Harry Dent is one of the most prominent deflationists; and his absurd theory is that the government will just let everything crash in the end, and that people who are holding U. S. treasuries will win. I think we all know that the government will do everything to stop that crash from happening; they will do YCC and print to the moon. But even the nominal stock-market crash which he posits would cause every over-leveraged G-SIB bank on earth immediately to fail (see Alasdair Macleod on this) and wipe out every single person who is holding dollars. All confidence in the dollar as the world-reserve currency would subsequently be lost, and the world would immediately revert to gold. So whether we get so-called "deflation" or "inflation" is irrelevant; you want to be holding PMs when the crisis comes to a head. More importantly, Harry Dent also denies manipulation on the COMEX, which is the only reason why paper gold and silver "crash" when the stock market crashes--the bankers smash the paper price, so that PMs don't seem like safe havens in the storm. Dent uses this dumping of paper PMs as his evidence that gold will "deflate" when everything else "deflates," but truth is that you would soon get a COMEX default if the banks smashed the price again that far, as you nearly did get in March 2020. As proof that gold is not in a bubble, it needs to go 11x to reach its ShadowStats inflation-adjusted ATH of $20,000; silver needs to go 40x to reach its own one of $966. Miners have also almost never been cheaper on a relative basis.