Doug Casey - Investing vs. Speculating - USD Global Risk

 

Doug Casey: Protect Yourself in the Most Chaotic Decade

Palisades Gold Radio, Released on 11/18/20

Talking Points From This Episode

– Investing vs. Speculating

– Dollar being destroyed.

– Commodities are cheap.

– Gold mining business risks.

– Uranium thoughts.

Time Stamp References:

0:00 – Introduction

1:06 – Investor Vs. Speculator

3:25 – Cheap Gold

4:42 – USD Global Risk

6:32 – Commodities are Cheap

8:07 – When to exit gold

9:13 – Final Gold Bull Market?

11:09 – Mining Stocks and Risk

13:30 – Silver compared

14:33 – Bitcoin Has a Role

16:10 – Crypto Gov’t Risks?

17:19 – Uranium Thoughts

19:17 – Alternative Commodities

20:58 – Helium?

22:41 – Inflation vs. Deflation

24:10 – Push Towards Statism

27:08 – Saving and Rough Times

28:56 – His New Book “Assassin”

32:48 – The International Man

ecent declines in the dollar have once again raised questions about its status as the de facto global reserve currency. But the current depreciation in the greenback is more the result of a perfect short-term storm, as opposed to a permanent international retreat from the dollar. 

During times of crisis, the greenback usually appreciates. This is because investors flock towards safe, liquid assets – such as US treasuries – that is backed by a strong institutional framework, namely a Central Bank. Unlike the Eurozone members, the US cannot default on its debt, unless it willingly chooses to. Unsurprisingly, the coronavirus pandemic has been no different, at least in the initial stages. But several recent developments have forced a decline, leading some to believe that its status as a safe-haven, de facto global reserve currency is eroding. Is it?

What explains the decline in the dollar?

Since its peak in March, the dollar index has fallen more than 10 percent, though it has slightly recovered recently. There are several reasons for this.