There will be a wealth transfer from the imprudent to the prudent. Doug Casey explains…
SBTV spoke with veteran investor Doug Casey, Founder of Casey Research, about the Greater Depression that he has been warning about. Doug also shares the arithmetic behind his call for a $5,000 gold price in this new bull market.
Discusses in this interview:
02:50 Investing in opportunities in crisis
04:28 Biggest challenge to invest in a crisis
06:19 Risks when investing in a crisis
10:53 The coming Greater Depression
14:42 Importance of understanding business cycles
19:46 Wealth transfer from the imprudent to the prudent
25:05 Spectacular gold bull market ahead
29:22 $5,000 gold: What would Doug Casey do?