In this engaging discussion, Doug Casey, bestselling author and founder of Casey Research, dives into the looming global monetary crisis. He believes gold and Bitcoin could emerge as key alternative assets amid government currency devaluation. Emphasizing investment in junior mining stocks, Casey introduces his 'nine p's' approach, highlighting the importance of management quality. He also discusses undervalued energy commodities like oil and uranium, advocating for a renewed focus on real assets in today's economy.
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insights INSIGHT
Monetary Crisis And Gold's Unique Role
Doug Casey predicts we are entering the greatest monetary crisis in world history driven by excessive debt and money printing.
He argues gold will benefit because it is a financial asset that is not someone else's liability.
volunteer_activism ADVICE
Use Gold And Bitcoin As Monetary Insurance
Hold gold and Bitcoin as complementary forms of money because both cannot be created out of thin air by the state.
Store a substantial portion of savings in these assets to guard against fiat debasement.
insights INSIGHT
Greater Depression Versus Real Wealth
Casey distinguishes a financial collapse from loss of real wealth, saying skills and buildings survive but ownership shifts.
He calls the coming era the 'greater depression' and expects long-lasting drops in living standards.
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Stijn Schmitz welcomes Doug Casey to the show. Doug Casey is Bestselling Author, Speculator, Founder of Casey Research, & 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 peas" 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. He remains fundamentally optimistic about human potential, believing that technological innovation and entrepreneurial spirit will ultimately drive economic progress. Casey concludes by directing listeners to his various platforms, including internationalman.com, his Crisis Investing newsletter, and his podcast with Matt Smith, encouraging further exploration of his economic perspectives.
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