Doug Casey: Don’t Buy Gold - The Miners Have Way More Upside

Comments · 114

• VR

  @vricmedia · 3 weeks ago · pinned

  Sign up to the Commodity University today: <a href="https://join.thecommodityuniversity.com/?affiliate=darrellthomas">https://join.thecommodityuniversity.com/?affiliate=darrellthomas</a>

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• HC

  @hcx1853 · 3 weeks ago

  Darrell bringing the guests!

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• MO

  @mobilecommunicationsnetwor5268 · 3 weeks ago

  This video features an interview with legendary investor Doug Casey of International Man, who discusses his views on the current geopolitical landscape and his economic outlook for the United States.<br><br>Geopolitical Decline and Conflict<br>Empire in Decline: Casey argues the United States is in a period of significant decline, likening current tensions in the Strait of Hormuz to the Suez Canal crisis of 1956, which signaled the end of the British Empire (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=236">3:56</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=420">7:00</a>).<br>Iran Conflict: He characterizes recent US-led strikes against Iran as unprovoked and counterproductive, warning that the war is likely to spread and serves as an overture to a larger conflict (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=133">2:13</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=236">3:56</a>).<br>Institutional Breakdown: Institutions like the United Nations are described as largely ineffective, self-licking ice cream cones that no longer serve their intended purpose (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=807">13:27</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=946">15:46</a>).<br>The &quot;Greater Depression&quot; Thesis<br>Economic Outlook: Casey predicts a &quot;Greater Depression,&quot; driven by massive federal debt, unsustainable deficits, and a stock market he views as a bubble (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=946">15:46</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=1036">17:16</a>).<br>Fed Intervention: He believes that Federal Reserve attempts to prop up the system are counterproductive and will ultimately fail to prevent a collapse (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=1036">17:16</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=1249">20:49</a>).<br>Civil Unrest: The discussion highlights extreme political polarization in the US, with Casey suggesting the potential for a genuine civil war, though not necessarily in the traditional sense of opposing armies (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=1249">20:49</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=1650">27:30</a>).<br>Investment Strategy and Preparation<br>Gold vs. Mining Stocks: While Casey advises holding physical gold as a core asset, he views gold and silver mining stocks as having significantly more upside potential due to their current undervaluation relative to the broader market (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=2236">37:16</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=2459">40:59</a>).<br>Wealth Protection: He encourages listeners to focus on personal self-sufficiency, political and geographical diversification (e.g., Argentina or Singapore), and to avoid relying on political solutions, which he deems a waste of time (<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=1865">31:05</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=2236">37:16</a>, <a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=2592">43:12</a>-<a href="https://www.youtube.com/watch?v=8B89_phpFYg&amp;t=2908">48:28</a>).

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• DE

  @derkjones9614 · 3 weeks ago

  For those Of us who have listened to Doug many times over the years, thank you for tagging and labeling the sections amigo ;)

• CO

  @Commodities-Now · 3 weeks ago

  If no one bought gold, the miners would be worthless. Must own both.

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• MA

  @markusrinse · 3 weeks ago

  &quot;We didn´t start he fire&quot; Great song for everything that is happening in the economy right now.

• GL

  @glengarbera7367 · 3 weeks ago

  I picked Argentina as well.

• JO

  @Joe-s7k · 3 weeks ago

  I agree. I&apos;m mostly in SILJ

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• TH

  @thevalueconsultant6828 · 2 weeks ago

  I love Doug. Well done Darrel!

• JA

  @JamesH-j9d · 3 weeks ago

  👍🏾👍🏾👍🏾

• RI

  @richwilliams7098 · 3 weeks ago

  SKE has a likely hood of 70% chance of being bought out within one yr at a 40-60% premium

• TU

  @turbo32coupe · 3 weeks ago

  I agree with his assessment. &nbsp;The big gold miners have P/Es below 15. &nbsp;I have done well with GLD, SLV, PSLV, B, NEM, AG, MUX, FCX, and UAN over the last 2 years. &nbsp;Commodities are going up.

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