Doug Casey: Bitcoin is Going to Drive Gold & Silver to All Time Highs
Doug discusses the commodity markets and why the most important thing is what they do cyclically. Most commodities are down 50% since 2011, and the dollar has lost 20%. Commodities remain quite cheap, particularly gold, silver, and copper. He discusses Junior miners and why now is a good time to get into these markets.
Doug has a favorable view of the future and believes technology can liberate mankind. This is true of the printing press, the Internet and now blockchain technologies. He was first introduced to Bitcoin several years ago but never bought in a few months ago he took a small position. He understands that only around 25 million people currently own Bitcoin, so it has a long way to go.
Bitcoin and precious metals are partners, not competitors. They are introducing people to real money since Bitcoin supply is limited while the U.S. Dollar is infinite.
The government will continue printing money and will use it to pump up more bubbles. Stock markets will crash eventually, but they could easily go higher.
He outlines his second book “Drug Lord” he says. “There is a lot of heavy stuff in his new novel. Most novels have no intellectual content you don’t usually learn anything.” Doug is trying to provide an informative yet entertaining read.
He is disappointed with Trump and his advisors and for his failure to get out of Afghanistan. Trump is somehow equated with being a free market when he is an authoritarian. Nothing will change.
Mr. Casey is excited about Metalla Streaming. (CSE:MTA)