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. 

Easily open your Swiss tax free gold vault in under 6 minutes

It’s Free to open a Swiss vaulting account, you can buy and sell gold directly to it instantly.

0 Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Silver Bug Profile: James Turk

Ever since retiring from his last position in 1987, James has been able to keep himself busy. Not only has he worked on The Freemarket Gold & Money Report, but also wrote several books.

Gold Bug Profile: Howard S. Katz

Even though Katz is rightfully called an early gold bug, it is evident that he was all too aware of how the markets evolved at any given moment.

Gold and Silver Futures Turn Bearish as International Demand Weakens

Some analysts expect a new all-time high for gold later this year, although there will be some volatility to contend with before that happens.

Gold, Silver, and Crypto Markets Seem Poised for a Massive Bounce

For companies that are publicly traded – and often work over the weekend – having 24/7 exposure across the markets would be ideal.

Welcome To The New Bar9 Rebranding

To all Bar9 customers, I'm proud to announce the rebranding of Bar nine and a whole new informative front end. As we move into 2020 Bar9's mission is to make it easier for anyone to move in and out of physical hard assets and become a little more bank independent. The...

Fortuna Silver Mines Notes Steep Silver and Gold Production Decrease in Q1 2020

More specifically, the production of both lead and zinc has increased by 8% and 5% respectively. This is a somewhat unexpected “bonus” for this mining operation.

Gold Bug Profile: Eric Sprott

It is also worth noting that Eric Sprott sold his first company – known as Sprott Securities – back in 2011. Interestingly enough, the company was purchased by other staff members.

Gold Bug Profile: Peter Thiel

Since his tenure at PayPal, Peter Thiel has made a lot of headlines due to his investments. More specifically, he is an active VC for tech companies in their early stage of development.

Gold and Silver Bounce Back as Stock Markets Continue to Struggle

Although the markets aren’t out of the woods yet, things are looking better. There is some positive momentum all around, for a change.

Gold Bug Profile: Ben Davies

Ben Davies is the co-founder and CEO of Hinde Capital. Founding this company came after building up over a dozen years of experience in financial and commodity markets.

Silver Bug Profile: Juerg Kiener

These days, Kiener is primarily involved in management resources mandates for SAC, with a strong focus on institutional clients and wealthy individuals.

Gold Bug Profile: Thomas Kaplan

The first link with precious metals became apparent in 1993. At that time, Kaplan founded Apex Silver Mines, taking up the role of chairman and chief executive officer.

Silver Bug Profile: Stewart Thomson

Many people keep an eye on the precious metals markets, as those segments have tremendous profit potential. Stewart Thomson can be classified as a silver bug, primarily because he expects things to head in a very promising direction.  Who is Stewart Thomson?...

Gold Bug Profile: Alan Greenspan

There are many pathways in life which can influence the future of one’s existence. For Alan Greenspan, one pathway of particular influence is called Objectivism.

The Silent Thief: How to Protect Savings from Inflation

How can you protect your savings from inflation? Horror stories of the prices of bread and milk spinning out of control have fixed the concept of inflation firmly in the public imagination. These hark back to the worst cases, like in the Weimar Republic where shoppers...

Silver Bug Profile: Ralph Aldis

Ralph Aldis has also been named twice as a US Metals and Mining “TopGun”. This title is “awarded” by Brendan Wood International every single year. He is also the Best Americas Based Fund manager in 2016, awarded by Mining Journal.

Silver Bug Profile: Peter Leeds

Similar to his opinion on gold, Leeds is very hopeful when it comes to silver. In fact, he considers it to be the top investment for 2020 and possibly beyond,

The Silverites: Advocating for Silver to Become the Unit of Money in the US

The best way to get something done in the United States is by leveraging one’s political position. The Silverites certainly explored that angle quite well.

Coronavirus-Infused Market Volatility is Bound to hit Australia and New Zealand

It now seems that Asian markets are recovering a bit. It is still too early to determine if the coronavirus crisis is under control in that part of the world.

Indian Officials Confiscate 9.3kg of Gold From Smugglers

What is rather interesting is how all of these bars have forged foreign markings. The objective of the individuals was to sell it in Mangaluru and districts of North Karnataka

Translate Blog Post

Article Categories

Blog Stats

  • 118,169 hits

Follow the CEO on Twitter

%d bloggers like this: