Doug Casey: Buy This Type of Gold Stock for the Coming Rush
0:00 - Intro0:22 - Is this the Greater Depression?3:46 - How have governments handled COVID-19?6:48 - Envisioning a post-coronavirus world12:08 - Gold has done well and will do better15:17 - The type of gold stock to buy right now18:59 - Where else to put money?21:28 - The light at the end of the tunnel23:56 - Doug's current projects25:47 - Outro
Gold has done well this year, even breaching US$2,000 per ounce over the summer, and Doug Casey of InternationalMan.com believes the yellow metal's future looks bright moving forward.
So what should investors do if they want to profit as the precious metal continues to run higher? Casey is a proponent of owning physical gold, but he pointed out that the most outsized gains will come from gold stocks.
"What should you buy now? Look, there are quality small gold-mining companies run by really good, serially successful people that are geologists and mining engineers. That's the kind of stuff you should buy," he explained.
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-written the monthly metals-and-mining-focused investment newsletter The International Speculator. He has authored four books, including Crisis Investing