Portfolio Allocation: Bullion, Producers, Developers, Juniors

Stijn Schmitz welcomes Doug Casey to the show. Doug Casey is Bestselling Author, Speculator, the Founder of Casey Research, and a Voluntarist Philosopher. In this wide-ranging discussion, Casey provides a comprehensive perspective on the global economic landscape, focusing on precious metals, commodities, and potential monetary shifts. Casey argues that the world is entering the “greatest monetary crisis in world history,” with gold and Bitcoin positioned as potential alternative monetary assets. He believes the current financial system is fundamentally broken, with governments printing money and eroding currency value. While bullish on gold, he suggests it’s no longer underpriced as it historically was, but remains a critical savings vehicle, especially when stored offshore.

Regarding investment strategies, Casey recommends focusing on gold and silver mining stocks, particularly smaller companies with entrepreneurial management. He emphasizes evaluating mining investments through his “nine p’s” approach, with people and management quality being the most critical factor. He sees significant potential in junior mining companies, noting they remain dramatically undervalued. Casey is equally enthusiastic about broader commodity opportunities, especially in energy sectors like coal, oil, natural gas, and uranium. He views these commodities as critically undervalued and essential for global economic development.

He’s particularly optimistic about emerging markets in the Orient, suggesting they represent better economic potential than Western economies.

On silver, Casey sees it as a “poor man’s gold” with significant upside potential, particularly given its industrial applications and relatively small market capitalization. He believes silver could potentially reach $200-$250 per ounce in real terms. Throughout the discussion, Casey maintains a provocative, libertarian perspective, critiquing government institutions and advocating for decentralized monetary systems.

Timestamps:
00:00:00 – Introduction
00:00:51 – Gold Bull Market Overview
00:02:16 – Upcoming Monetary Crisis
00:03:08 – Return to Gold Standard
00:07:45 – Bitcoin as Good Money
00:11:35 – Challenges to Gold Thesis
00:14:58 – Governments Buying Gold
00:19:46 – Investing in Gold Miners
00:25:01 – Selecting Junior Miners
00:29:21 – Owning Physical Bullion
00:31:23 – Silver Investment Thesis
00:44:51 – Commodity Supercycle Outlook
00:47:12 – Overlooked Energy Commodities
00:54:01 – Concluding Thoughts

Guest Links:
YouTube: https://www.youtube.com/channel/UCEJR3OAeHBNz7aGtFRZXArQ
Doug Casey’s Take: https://internationalman.com
Amazon Novels: https://tinyurl.com/an3uxhc
Book ‘The Preparation’: https://tinyurl.com/theprepa

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 most recent book, “Assassin,” 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. 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.