Doug Casey: Buying Gold Miners, Cheap Compared to Gold Itself
Tom Bodrovics interviews Doug Casey in-person at his home in Argentina assisted by Ivor Cummins. Doug emphasizes the importance of focusing on areas like economics, history, science, self-improvement, and traveling to broaden perspectives amidst political uncertainties. He suggests that Argentina, Chile, Uruguay, Paraguay, southern Brazil, and the Southern Cone of South America could be ideal for relocation due to their civility, open spaces, low population density, and capacity for food security. Doug shares his affinity for Argentina, despite its political instability and frequent revolutions, and praises its culture, ranching, and potential for food security. Doug expresses dismay over U.S. politics and the nomination of Kamala Harris, labeling her 'stupid' and 'evil,' alleging communist leanings. He believes that a potential economic downturn might be preferable for societal rebuilding but fears the Democrats' potential power consolidation. Doug discusses the upcoming economic downturn's potential severity and longevity, comparing it to the Great Depression, due to the historic size of the financial bubble and vast debt accumulated by individuals and governments. He advocates for individual preparedness and self-reliance, advising listeners to learn new skills, acquire gold and silver, and speculate in markets. Doug also expresses optimism, suggesting humanity might explore other planets to overcome challenges and discusses the recent election's impact on Gold and Silver prices, maintaining their fundamentals despite short-term fluctuations. He disdains market distractions like meme stocks and advocates for gold miners due to their low valuation relative to historical standards. Talking Points From This Episode * Doug Casey advocates for relocation to South America due to political instability and potential food security. * He criticizes U.S. politics, particularly Kamala Harris, and predicts economic downturn and societal rebuilding. * Casey advises individual preparedness, learning new skills, acquiring gold and silver, and investing in markets. Time Stamp References:0:00 - Introduction1:01 - Politics & Perspectives3:55 - Plan B & Safe Countries10:09 - Feel of South America14:44 - Elections & Kamala?16:30 - Positivity & Trump?17:28 - Power & Deep State?20:35 - The Greater Depression24:19 - Migratory Invasion26:20 - Agendas & Migration27:30 - Financial Bubbles & Debt29:40 - Fight and/or Flight?31:20 - Election & The Dollar34:15 - Gold Bull Markets?37:03 - Debt & Depression39:30 - Gold Bull Markets41:48 - Knowledge & Trust42:33 - Government Dependence43:39 - Novels & Wrap Up Doug Casey:YouTube: https://www.youtube.com/channel/UCEJR3OAeHBNz7aGtFRZXArQDoug Casey's Take: https://internationalman.com/Amazon Novels: https://tinyurl.com/an3uxhc Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on "rational speculation," especially in the high-potential natural resource sector. Doug's most recent book, "Assassin," can be found on Amazon. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People,