+49 30 6521 24928 (GER / ENG) support@bar9.com

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.

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.

Gold Bug Profile: Peter Schiff

Despite paying very close attention to investment options such as gold and silver, Peter Schiff isn’t optimistic about Bitcoin and other cryptocurrencies.

Gold and Silver Premium Prices Spike in Singapore and Hong Kong

Obtaining physical gold isn’t the only problem. Those businesses requiring a steady supply of silver are in an even bigger pickle right now

Gold Bug Profile: Jim Willie

Even today, Jim is still active in the financial world, primarily as a writer and analyst. He is happy to share his opinions on gold, silver, and a lot of other topics through various publications.

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,

5 Reasons why Investing in Physical Gold is Always Worthwhile

Regardless of buying digital or physical gold, this precious metal is always worthwhile to investors. It is one of the few markets that offers key advantages one will rarely find in other assets.

Gold bug Profile: Egon von Greyerz

In fact, von Greyerz was confident that allocating up to 50% of one’s portfolio to gold and silver could pay off handsomely. He certainly got that sentiment right

Gold Bug Profile: Porter Stansberry

Porter Stansberry has a very rich history. He too got involved in the financial industry at one point, and seemingly never looked back.

Gold Bug Profile: Adrian Ash

Ash is convinced that owning both gold and silver – either as part of an active portfolio or just in terms of hard assets generally – makes a lot of sense

Analyst Outlines how Silver is a Seriously Undervalued Asset Right now

Everything comes down to how things will evolve over the coming months. If the demand will pick up again, and the supply remains very limited, things may begin to shift in a few months from now.

Gold Bug Profile: James Rickards

Back in 2009, he claimed that the US Dollar would face imminent hyperinflation. Moreover, the greenback was, in his opinion, vulnerable to attack by foreign governments.

Bank of England Interest Rate cut Highlights the Need for an Active Investment Portfolio

Now is a great time to begin investing in assets that can withstand major financial uncertainty, such as gold and other metals.

Logistical Issues in Argentina and Mexico can Trigger a Much Bigger Silver Shortage

Industries note stronger demand for silver than normal. An interesting turn of events, and combined with a decrease in production, anything can happen.

Gold Bug Profile: Thomas Fischer

Over the years, Fischer began paying closer attention to the precious metals markets. This has been apparent through the press picking up some of his publications.

Why is Silver so Cheap?

One often heard comment is how gold is the scarcest precious metal of them all. Silver, unfortunately, doesn’t have the same benefit, as it is far less rare.

Gold Bug Profile: Judy Shelton

It is interesting to note that Judy Shelton may join the Federal Reserve Board of Governors in the near future. Assuming that will be the case, some very interesting things are bound to happen in the near future.

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: 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: Ron Paul

Ron Paul has not always been a politician, however. He also serves as a flight surgeon in the US Air Force and performed duties as an obstetrician-gynecologist.

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...

Translate Blog Post

Article Categories

Blog Stats

  • 66,583 hits

Follow the CEO on Twitter

%d bloggers like this: