Investing News, Released on 11/20/24 (Recorded on 11/18/24)
Doug Casey outlines his thoughts on the future of the US as Donald Trump gears up for his second presidential term. He also discusses what he is — and isn’t — doing with his money right now. “Stay out of stocks, with a few exceptions here and there — there are always exceptions. Stay out of all bonds, frankly. They’re a triple threat to your capital,” Casey said during the interview. “I still like commodities — commodities relative to everything else are cheap. And gold isn’t particularly cheap, but it’s going a lot higher.”
0:00 – Intro
1:07 – Global outlook post-US election
7:10 – Will Trump follow through on promises?
12:07 – Skip stocks, bonds; look to commodities
15:51 – Scenarios for US government default
22:57 – BRICS nations will eventually go to gold
29:49 – Gold to rise, what about gold stocks?
34:43 – Bullish on oil, natural gas and uranium
41:07 – Where to go if you want out of the US
45:19 – Outro
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. He has authored four books, including Crisis Investing, the top-selling investing book of all time, Totally Incorrect, and Right on the Money. He also publishes a video podcast called Doug Casey’s Take and publishes articles at International Man.