Gold Bug Profile: Doug Casey

JP Buntinx
May 2, 2020

In the precious metals industry, some individuals stand out more than others. Doug Casey, the world-renowned investor, has always made his opinion on gold very clear, and still maintains that outlook to this very day.

The Career of Doug Casey

Getting involved in the financial sector today is very different from how it was decades ago. Doug Casey, full name Douglas Robert Casey, got involved in the financial sector  at an early stage, and is still involved in precious metals to this very day.

The name Doug Casey will ring  a bell with financial buffs due to his 1979 book. Titled “Crisis Investing”, it quickly rose the ranks to become the number one The New York Times Non-Fiction Best Seller in 1980. Not only that, but it remained at the top of the list for 28 consecutive weeks.

That same book became the best-selling financial book in the year 1980 as well. With nearly 439,000 copies sold, its success has been very remarkable. Some of the passages found in the book are still more than valid today, thus getting a hand on a copy of the book can provide valuable insights. 

Doug Casey and Casey Research

Someone with so much experience in the financial world will often find a way to educate the rest of the world on how the industry really works. Doug Casey has done just that by setting up Casey Research Llc

It is a firm that is best-known for publishing newsletters on various topics. The combined weekly audience of this firm is still rather vast, primarily because net investors have taken an interest in resource development and real estate. 

Although the pace at which Doug Casey himself released articles, the content is still very accurate, informative, and primarily seems to focus on gold.

One of his recent articles – from November 2019 – explains how one should secure their money in gold. That advice still rings true today, especially when looking at all the financial turmoil taking place across the different markets.

Doug Casey Quotes

Spending one’s entire life in the financial sector – in one way or another – tends to highlight a lot of inefficiencies faced today. One of Doug Casey’s most famous quotes explains this perfectly:

“Trusting the government with money creation is like trusting a drunk with a whiskey factory.”

While that sentiment may sound very negative to some, there is ample reason to not leave the creation of money in the hands of any government.  

While staying on the concept of money, Doug Casey also shared the following:

“Over two thousand years ago, Aristotle taught us that money should be durable, divisible, consistent, convenient, and value in itself. It should be durable, which is why wheat isn’t money; divisible which is why works of art are not money; consistent which is why real estate isn’t money; convenient, which is why lead isn’t money; value in itself, which is why paper shouldn’t be money. Gold answers to all these criteria.”

Last but not least, one of his older quotes pertains to the gold price at  a much lower price point compared to today:

“The way I see it, gold is headed over $1000 an ounce, probably much higher. At anywhere near current prices, it’s the lowest risk, highest potential investment I can think of.”

In terms of potential, gold and other precious metals are still at the top of the list. 

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