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.
Right
Click
Above
and
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
Toll
Free
Hotline
-
Q&A:
1-800-507-6531
Harry
S.
Dent
Jr.
The
Demographic
Cliff
Harry
S.
Dent,
Jr.
is
the
Founder
of
Dent
Research,
an
economic
forecasting
firm
specializing
in
demographic
trends.
His
mission
is
“Helping
People
Understand
Change”.
Using
exciting
new
research
developed
from
years
of
hands-on
business
experience,
Mr.
Dent
offers
unprecedented
and
refreshingly
understandable
tools
for
seeing
the
key
economic
trends
that
will
affect
your
life,
your
business,
and
your
investments
over
the
rest
of
your
lifetime.
Mr.
Dent
is
also
a
best-selling
author.
In
his
book
The
Great
Boom
Ahead,
published
in
1992,
Mr.
Dent
stood
virtually
alone
in
accurately
forecasting
the
unanticipated
boom
of
the
1990s
and
the
continued
expansion
into
2007.
In
his
new
book,
The
Demographic
Cliff,
he
continues
to
educate
audiences
about
his
predictions
for
the
next
great
depression,
especially
between
2014
and
2019
that
he
has
been
forecasting
now
for
20
years.
Mr.
Dent
is
the
editor
of
the
Survive
and
Prosper
newsletter
and
has
created
the
HS
Dent
Financial
Advisors
Network.
Mr.
Dent
received
his
MBA
from
Harvard
Business
School,
where
he
was
a
Baker
Scholar
and
was
elected
to
the
Century
Club
for
leadership
excellence.
At
Bain
and
Company
he
was
a
strategy
consultant
for
Fortune
100
companies.
He
has
also
been
the
CEO
of
several
entrepreneurial
growth
companies
and
a
new
venture
investor.
Since
1988
he
has
been
speaking
to
executives
and
investors
around
the
world.
He
has
appeared
on
“Good
Morning
America”,
PBS,
CNBC,
CNN,
FOX,
Bloomberg,
and
has
been
featured
in
USA
Today,
Barron’s,
Investor’s
Business
Daily,
Entrepreneur,
Fortune,
Success,
US
News
and
World
Report,
Business
Week,
The
Wall
Street
Journal,
American
Demographics,
Gentlemen’s
Quarterly
and
Omni.
Harry
S.
Dent,
Jr.
is
the
Founder
of
Dent
Research,
an
economic
forecasting
firm
specializing
in
demographic
trends.
His
mission
is
“Helping
People
Understand
Change”.
Using
exciting
new
research
developed
from
years
of
hands-on
business
experience,
Mr.
Dent
offers
unprecedented
and
refreshingly
understandable
tools
for
seeing
the
key
economic
trends
that
will
affect
your
life,
your
business,
and
your
investments
over
the
rest
of
your
lifetime.
Mr.
Dent
is
also
a
best-selling
author.
In
his
book
The
Great
Boom
Ahead,
published
in
1992,
Mr.
Dent
stood
virtually
alone
in
accurately
forecasting
the
unanticipated
boom
of
the
1990s
and
the
continued
expansion
into
2007.
In
his
new
book,
The
Demographic
Cliff,
he
continues
to
educate
audiences
about
his
predictions
for
the
next
great
depression,
especially
between
2014
and
2019
that
he
has
been
forecasting
now
for
20
years.
Mr.
Dent
is
the
editor
of
the
Survive
and
Prosper
newsletter
and
has
created
the
HS
Dent
Financial
Advisors
Network.
Mr.
Dent
received
his
MBA
from
Harvard
Business
School,
where
he
was
a
Baker
Scholar
and
was
elected
to
the
Century
Club
for
leadership
excellence.
At
Bain
and
Company
he
was
a
strategy
consultant
for
Fortune
100
companies.
He
has
also
been
the
CEO
of
several
entrepreneurial
growth
companies
and
a
new
venture
investor.
Since
1988
he
has
been
speaking
to
executives
and
investors
around
the
world.
He
has
appeared
on
“Good
Morning
America”,
PBS,
CNBC,
CNN,
FOX,
Bloomberg,
and
has
been
featured
in
USA
Today,
Barron’s,
Investor’s
Business
Daily,
Entrepreneur,
Fortune,
Success,
US
News
and
World
Report,
Business
Week,
The
Wall
Street
Journal,
American
Demographics,
Gentlemen’s
Quarterly
and
Omni.
John
Embry
joined
SAM
as
Chief
Investment
Strategist
in
March
2003,
with
a
focus
on
the
Sprott
Gold
and
Precious
Minerals
Fund.
He
plays
an
instrumental
role
in
the
corporate
and
investment
policy
of
the
firm.
Mr.
Embry,
an
industry
expert
in
precious
metals,
has
researched
the
gold
sector
for
over
thirty
years
and
has
accumulated
industry
experience
as
a
portfolio
management
specialist
since
1963.
After
graduating
from
the
University
of
Manitoba
with
a
Bachelor
of
Commerce
degree,
John
Embry
began
his
investment
career
as
a
stock
selection
analyst
and
Portfolio
Manager
at
Great
West
Life.
He
then
became
Vice
President
of
Pension
Investments
for
the
entire
firm.
After
23
years
with
the
company,
John
became
partner
with
United
Bond
and
Share,
the
investment
counseling
firm
acquired
by
Royal
Bank
in
1987.
John
was
named
Vice-President,
Equities
and
Portfolio
Manager
at
RBC
Global
Investment
Management,
a
$33
billion
organization
where
he
oversaw
$5
billion
in
assets,
including
the
flagship
$2.9
billion
Royal
Canadian
Equity
Fund
and
the
$250
million
Royal
Precious
Metals
Fund,
the
#1
ranked
fund
across
the
country
for
its
2002
net
performance
of
153%.
For
more
information
about
Sprott's
award-winning
investment
professionals
and
their
market
insights,
please
visit
us
at
www.sprott.com
or
contact
us
at
invest@sprott.com.
