{"id":151657,"date":"2015-10-28T23:01:30","date_gmt":"2015-10-28T23:01:30","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=151657"},"modified":"2015-10-28T23:01:30","modified_gmt":"2015-10-28T23:01:30","slug":"doug-casey-answers-five-of-todays-biggest-investment-questions","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=151657","title":{"rendered":"Doug Casey Answers Five of Today\u2019s Biggest Investment Questions"},"content":{"rendered":"<p><a href=\"http:\/\/commonstockwarrants.com\/wp-content\/uploads\/2014\/06\/header-casey.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-52703 size-thumbnail\" src=\"http:\/\/commonstockwarrants.com\/wp-content\/uploads\/2014\/06\/header-casey-150x150.png\" alt=\"header-casey\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<h3><a href=\"http:\/\/www.caseyresearch.com\/go\/uuskx-2\/CSW\"><br \/>\nDoug Casey Answers Five of Today\u2019s Biggest Investment Questions<\/a><\/h3>\n<h3><span style=\"font-size: small;\">By Doug Casey<\/span><\/h3>\n<p>Editor\u2019s Note: Casey Research founder Doug Casey answered dozens of investment questions during the recent Casey Research Summit. We transcribed five of Doug\u2019s best answers, and we\u2019re sharing them with you below. What you\u2019re about to read is Doug speaking to a live audience. His responses are unrehearsed.<\/p>\n<p>\u2022\u00a0 <strong>When asked about the implications of cheap oil\u2026<\/strong><iframe loading=\"lazy\" src=\"http:\/\/trk.caseyresearch.com\/f\/?content_id=1306&amp;code=CSW&amp;editorial=doug-casey-answers-five-of-todays-biggest-investment-questions-1\" width=\"1\" height=\"1\" frameborder=\"0\"><\/iframe><\/p>\n<p><strong>Doug Casey<\/strong>: I always look on the bright side, and the bright side of low oil prices is that most of the countries that produce oil are just horrible places. Low oil prices will help to bankrupt the governments of these places, and that will, hopefully, set the stage for things to get better.<\/p>\n<p>Look at the countries that produce a lot of oil: Russia, Saudi Arabia, Iran, Iraq, Venezuela, Nigeria\u2026they&#8217;re all just horrible. It\u2019s no accident. Easy wealth, owned by the state, is a formula for disaster.<\/p>\n<p>Hopefully the oil price will bring on the collapse of the Saudi regime, one of the U.S.&#8217;s longtime puppets. It&#8217;s amazing how the U.S. has gone around and destroyed all kinds of regimes \u2013 most of which, frankly, were abusive and corrupt and needed killing &#8211; but the Saudis are one of the worst of them. Hopefully low oil prices and their ridiculous spending habits will bring down that terminally corrupt theocracy. Among others\u2026<\/p>\n<p>Another good thing about cheap oil is it should show anybody that&#8217;s got half a brain that Russia and Putin are non-entities. They&#8217;ve got a decent military, but all they can do is export oil. It&#8217;s like a primitive, third-world country with a first-world military. Well, <em>kind of<\/em> a first-world military.<\/p>\n<p>So low oil prices are a very good thing. I don&#8217;t know how long they\u2019ll stay low. But they&#8217;re going lower for the time being. Production is stable to up, but consumption is headed down with a slowing economy.<\/p>\n<p>And I&#8217;m all for oil going even lower. I hope it goes down to $10 a barrel. At that point you can buy it reflexively and make a huge killing. But I&#8217;m still short oil at the moment.<\/p>\n<p>\u2022\u00a0 <strong>When asked who will win the U.S. election\u2026<\/strong><\/p>\n<p><strong>Doug Casey<\/strong>: I&#8217;ll put my money on Trump.<\/p>\n<p>The reason for that is he&#8217;s an outsider. He&#8217;s not currently part of the Deep State. He speaks his mind. That&#8217;s refreshing. People like that, whether you like his opinions or not.<\/p>\n<p>And here&#8217;s the most important reason. By this time next year we&#8217;re going to be in the midst of a gigantic crisis. The crisis could\u2019ve happened anytime in the last few years. But I really believe it will happen within the next year.<\/p>\n<p>The average chimpanzee will want somebody who has certainty and will tell them that he can solve things. And the Donald has lots of certainty.<\/p>\n<p>It appears the Democrats will anoint Hillary, at least if she&#8217;s not jailed. She certainly knows how to push the \u201cenvy\u201d button. But I&#8217;ll put money on the Donald as the Republican candidate. And very possibly the election itself.<\/p>\n<p>\u2022\u00a0 <strong>When asked for specific steps you can take to protect your money from the next financial crisis \u2026<\/strong><\/p>\n<p><strong>Doug Casey<\/strong>: Don\u2019t keep too much money in a bank. <a href=\"http:\/\/www.caseyresearch.com\/go\/uusaz-2\/CSW\" target=\"_blank\">What happened in Cyprus<\/a> is likely to happen other places.<\/p>\n<p>Have a lot of gold coins in your own possession, and some silver.<\/p>\n<p>And you definitely want to diversify politically\u2026which almost nobody does. Everybody says, &#8220;Yeah, it&#8217;s a good idea,&#8221; but hardly anyone does it.<\/p>\n<p>It&#8217;s very hard to open up a foreign bank account today, but at least it\u2019s still possible. You should also open up and use a foreign brokerage account. And you should have a crib outside of your home country.<\/p>\n<p>Your biggest risk is not investment risk, although that&#8217;s very big. It&#8217;s political risk. So you&#8217;ve got to diversify politically.<\/p>\n<p>(Editor\u2019s Note: <a href=\"http:\/\/www.caseyresearch.com\/go\/uusd2-2\/CSW\" target=\"_blank\">Going Global 2015<\/a> is our guide to diversifying politically. It will show you practical steps you can start taking today to protect your money from a crisis\u2026like how to open a foreign bank account (page 11), how to open a foreign brokerage account (page 35), and what you need to know before buying foreign real estate (page 44). <a href=\"http:\/\/www.caseyresearch.com\/go\/uusg3-2\/CSW\" target=\"_blank\">Click here to learn more.<\/a>)<\/p>\n<p>\u2022\u00a0 <strong>When asked for his thoughts on gold and other commodities\u2026<\/strong><\/p>\n<p><strong>Doug Casey<\/strong>: I think the bear market in gold that started four years ago has turned around and is headed up. I think all the commodities are headed up at this point.<\/p>\n<p>Some commodities, like coffee and sugar, are very low in both real terms and relative terms. So I&#8217;m selling naked puts against them.<\/p>\n<p>(Editor\u2019s note: selling naked puts is a strategy sophisticated investors can use to make bullish bets on a stock or commodity.)<\/p>\n<p>I like selling options. The reason I like selling options is that time is on your side. I sell nearby in time and not so far away in price options. The nice thing about selling options is you don\u2019t have to be very right to make money. You just have to not be very wrong, which is a lot easier\u2026especially when you think you&#8217;ve got a major bull trend on your side. Which I do think in most commodities right now, certainly including gold and silver.<\/p>\n<p>But take it easy with margins and leverage. Somebody without prudence and experience going into the commodities market is like handing a chainsaw to a six-year old. You&#8217;re just asking for trouble.<\/p>\n<p>\u2022\u00a0 <strong>When asked for his thoughts on China\u2026<\/strong><\/p>\n<p><strong>Doug Casey<\/strong>: On the one hand, the change in China over the last 30 years is unbelievable. I lived in Hong Kong 30 years ago and visited China. When I first flew into Beijing, the airport was about the size of the airport in Aspen, Colorado. And when I drove into Beijing from the airport there were still peasants \u2013 this is the truth \u2013 with oxcarts on the side of the road and oxen plowing the fields. And it was a two-lane highway from the airport to Beijing.<\/p>\n<p>Now it\u2019s totally and unrecognizably transformed\u2026and this is true all over the country. So what&#8217;s happened in China is unbelievable. Nothing&#8217;s happened like that in all of world history anywhere.<\/p>\n<p>That&#8217;s the good news. The bad news is that there are huge distortions and mistakes and misallocations of capital in China.<\/p>\n<p>And all the banks are bankrupt&#8230;<\/p>\n<p>The Chinese are famous for saving a third or half of their salaries. How do they save? Like everybody around the world saves. They take their country\u2019s currency, yuan, and put it into banks.<\/p>\n<p>So Mrs. Wu puts her yuan in the bank and she expects it back.<\/p>\n<p>The problem is with the Chinese banks. They\u2019ve financed all these goofy but spectacular projects that the Chinese government has pushed.<\/p>\n<p>Two things could happen when hundreds of millions of Mrs. Wu\u2019s go to the bank and try to get their yuan. Either she doesn\u2019t get her yuan back, which will make her very unhappy. Or she will get it back\u2026but it won\u2019t be worth anything, which will make her equally unhappy.<\/p>\n<p>China will have riots. It could break up into five or six little countries\u2026because Shanghai is very different than Beijing, which is very different than Guangzhou.<\/p>\n<p>So China\u2019s ultimate future is unbelievably good. But its near-term future is probably pretty bad.<\/p>\n<p>\u2022\u00a0 <strong>For anyone who missed this year\u2019s Casey Summit&#8230;<\/strong><\/p>\n<p>We put together an audio collection of the Summit that includes every speech, panel, and Q&amp;A session that took place over the 3 days.<\/p>\n<p>The audio collection features a lot of Doug Casey. Doug participated in six different talks during the Summit\u2026including a <a href=\"http:\/\/www.caseyresearch.com\/go\/uus34-2\/CSW\" target=\"_blank\">solo speech about the perversion of language<\/a>, which the audience loved.<\/p>\n<p>In addition to Doug, the audio includes talks by multi-millionaire entrepreneur James Altucher\u2026famous trend forecaster Gerald Celente\u2026and world-class investor Marc Faber.<\/p>\n<p>Attendees paid as much as $1,695 to attend the Summit. The audio collection gives you the chance to benefit from all the investment advice given at the Summit for just a fraction of that cost. <a href=\"http:\/\/www.caseyresearch.com\/go\/uus65-2\/CSW\" target=\"_blank\">Click here to learn more about the Casey Summit Audio Collection.<\/a><\/p>\n<p>Also, if you purchase the Summit audio today, you\u2019ll get free access to the videos from Stansberry Research\u2019s conference that took place two weeks ago in Las Vegas.<\/p>\n<p>Dr. Ron Paul was just one of the many great speakers at the Stansberry conference. But these videos are only available until October 28. <a href=\"http:\/\/www.caseyresearch.com\/go\/uus96-2\/CSW\" target=\"_blank\">Click here to learn more.<\/a><\/p>\n<div id=\"xvMdV95u77zU\" style=\"clear: both;\">The article <a href=\"http:\/\/www.caseyresearch.com\/go\/uusu7-2\/CSW\" rel=\"permalink\">Doug Casey Answers Five of Today\u2019s Biggest Investment Questions<\/a> was originally published at <a href=\"http:\/\/www.caseyresearch.com\/go\/uusx8-2\/CSW\">caseyresearch.com<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Doug Casey Answers Five of Today\u2019s Biggest Investment Questions By Doug Casey Editor\u2019s Note: Casey Research founder Doug Casey answered dozens of investment questions during the recent Casey Research Summit. We transcribed five of Doug\u2019s best answers, and we\u2019re sharing them with you below. What you\u2019re about to read is Doug speaking to a live [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5824,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[149,138,38,137,48,188,115],"class_list":["post-151657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-casey-research","tag-common-stock-warrants","tag-doug-casey","tag-dudley-baker","tag-gold","tag-international-speculator","tag-warrants"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/151657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=151657"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/151657\/revisions"}],"predecessor-version":[{"id":151658,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/151657\/revisions\/151658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/5824"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=151657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=151657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=151657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}