Right on the Money
There are many online articles on how one should invest physical gold and silver, but very few people actually revealed their experiences on the precious metals. So it is refreshing to read Doug Casey’s experience on bullion investments in his book, “Right on the money: Doug Casey on Economics, Investing, and the Ways of the Real world with Louis James”. The book contains forty interviews Doug had with Louis, touching on topics such as investments, assets, gold, real estate and ethics.
My favorite chapters are from Chapter 9 to 14 under the segment “The Art of Investing”. In these chapters, Doug shared his candid thoughts on physical gold and silver. Interestingly, even though he made his fortune through speculation, he actually advocated investors to avoid trading physical gold. In fact, he urged investors to accumulate it as an asset on a consistent basis. Even though the interviews were held in 2011, I believe his views remained valid today because he was convinced that gold would go higher and that he saw any form of correction as opportunity to buy. He viewed the US government as the greatest danger to Americans today and labelled Bernake “as zero experience in the real world”.