Doug Casey’s Take (ep. #9) - You should own Gold Now. Here's why and how.

Doug Casey has made a fortune investing in gold and gold stocks over the decades, but he believes owning gold today is more important than ever.

CHAPTERS

00:00:00 Introduction
2:50 Is it a mistake to buy gold now?
6:30 Chaos will drive Gold higher
9:48 Bonds are a time bomb, certificates of guaranteed confiscation
12:45 New Monetary system will be based on Gold
16:12 Gold Mining Stocks is a better speculation
23:40 Speculator Book
26:21 Arguments against gold, deflation or inflation
30:32 Our currency is backed by debt
34:50 Buffet buys Barrick
36:37 2016 Gold Run up?
38:35 Nine P’s: People, property, phinancing, politics, push, promotion, pitfalls,
45:12 Errors made in the space

In this episode:

Doug’s personal experience buying gold and gold stocks over the decades.

The US debt is unpayable and inflation is the only way out

How bonds are a “triple threat”

We’re now in the 3rd leg of the gold bull market that started in 2001

Warren Buffet’s investment in gold mining

A signal that professional money managers are taking an interest in gold mining companies for the first time

Why the nature of the gold mining business can lead to explosive moves in stock prices

Doug’s 9Ps to successful resource investing

Three recommended books:

How to profit from the coming devaluation: https://www.amazon.com/How-You-Profit-Coming-Devaluation/dp/0985253908/ref=sr_1_3?crid=2NT9BMMDS7N9E&dchild=1&keywords=how+to+profit+from+the+coming+devaluation&qid=1600965776&sprefix=how+to+profit+from+%2Caps%2C182&sr=8-3

EB Tucker’s Why Gold Why Now: https://www.amazon.com/Why-Gold-Now-Against-Wealth/dp/1735104817/ref=sr_1_1?crid=3BP1CT2JNRDDM&dchild=1&keywords=eb+tucker+why+gold+why+now&qid=1600965866&sprefix=EB+Tuckers+%2Caps%2C192&sr=8-1

Speculator (Doug’s novel): https://www.amazon.com/Speculator-High-Ground-Doug-Casey/dp/0985933259/ref=sr_1_1?dchild=1&keywords=speculator&qid=1600965905&sr=8-1