Doug Casey: Bitcoin is Going to Drive Gold & Silver to All Time Highs
Doug discusses the commodity markets and why the most important thing is what they do cyclically. Most commodities are down 50% since 2011 and the dollar has lost 20%. Commodities remain quite cheap, particularly gold, silver, and copper. He discusses Junior miners and why now is a good time to get into these markets.
Doug has a favorable view of the future and believes technology can liberate mankind. This is true of the printing press, the Internet and now blockchain technologies. He was first introduced to Bitcoin several years ago but never bought in a few months ago he took a small position. His understanding is that only around 25 million people currently own Bitcoin so it has a long ways to go.
Bitcoin and precious metals are partners, not competitors. They are introducing people to real money since Bitcoin supply is limited while the U.S. Dollar is infinite.
The government will continue printing money and will use it to pump up more bubbles. Stock markets will crash eventually but they could easily go higher.
Doug outlines his second book “Drug Lord” he says. “There is a lot of heavy stuff in his new novel. Most novels have no intellectual content you don’t usually learn anything.” Doug is trying to provide an informative yet entertaining read.
Doug is disappointed with Trump and his advisors and for his failure to get out of Afghanistan. Trump is somehow equated with being a free marketer when he is really an authoritarian. Nothing will change.
Doug is excited about Metalla Streaming. (CSE:MTA)
Talking Points From This Weeks Episode
• Feels most commodities are quite cheap.
• Bullish on cryptocurrencies.
• The bond market is a hyper bubble, the U.S. biggest export is the dollar.
• Discusses Trump and outlines the next U.S. president.
Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on “rational speculation,” especially in the high-potential natural resource sector. Doug’s latest book “Drug Lord” can be found on Amazon.
He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. More of his work can be found at caseyresearch.com and internationalman.com, Doug has lived in 10 countries and visited over 175. Today you’re most likely to find him at La Estancia de Cafayate (Casey’s Gulch), an oasis tucked away in the high red mountains outside Salta, Argentina.