Doug Casey: You Have To Like Trump – My Bank Account Certainly Does
Doug predicted that Trump would win. He expects the administration to encourage resource development and reduce regulation, but says Trump lacks an understanding of basic economics. You have to like Trump, since the creatures of the swamp in Washington D.C. seem to hate him so viscerally. However, he may continue the foreign policies of his predecessors.
He thinks a stock market sell off is still likely considering the many distortions and misallocations in capital that exist. He is concerned that Trump could be the next Herbert Hoover, and that he may be painted incorrectly as a free market guy.
Doug is not interested in industrial commodities and oil, due to fracking and horizontal drilling which is producing a lot of oil. Electric cars, solar, and battery technology seem to be the way of the future. Mr. Casey is very bullish on uranium fundamentals as nuclear power is still the cleanest, safest method of mass power generation. Uranium is currently selling at about half of it’s production costs. There are four hundred nuclear plants in the world with another hundred being built.
Doug sees gold as a chaos hedge, he expects continued financial difficulties due to ongoing money printing, at some point there will be a panic and gold will rise. He discusses streaming royalty companies and how they can be a safe way to get into the precious metal markets. It’s an investment that you can hold for the long term, which is not common for the mining industry. He also briefly explains his nine keys strategy of examining a company, before investing in it.
Talking Points From This Week’s Episode:
• Trump brings uncertainty to the markets and politics which is good for precious metals
• Industrial commodities and oil may not be a good investment right now
• Uranium has a lot of potential
• Gold is a good hedge in 2017
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.
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; and is a regular keynote speaker at FreedomFest, the world’s largest gathering of free minds. 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.