Mark Moss – Market Disruptors, Released on 8/19/20
*This interview was filmed on August 19th
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
Doug Casey Explains What Comes Next added by Herman James on
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Doug Casey is a smart fellow. I agree with most everything he says. However, I’m not so sure his favorite gold stock…GoldMiningInc. (GLDLF) is as good as my sweetheart…. Sabina Gold and Silver (SGSVF)
GLDLF currently shows a little larger gold resource than SGSVF however GLDLF Has less than a gram of gold per ton whereas SGSVF’s gold resource comes in at over 6 grams per ton. Way way cheaper to mine. On top of that Sabina has almost 40 million ounce silver royalty. At $2000 gold Sabina will be making about $1200 per oz. Not bloody likely for GLDLF will come anywhere near that kind of profit per oz.
When inflation hits mining, the price of metal increases but so does the cost of mining that metal. Open pit mines with a high percentages of gold ounces will trump these skinny sub 1 gram per ton mines by a country mile!