“all of the currencies of the world are just floating abstractions issued by bankrupt governments for political purposes”
Doug has always been self-directed and self-educated and would look for entrepreneurial things to do even when as a child. That is when he became interested in paleontology which led him into rocks, minerals and eventually mining.
Resource stocks and gold are currently very much unloved and that is good because they are cheap and under-owned. Doug is currently gold bull since “all of the currencies of the world are just floating abstractions issued by bankrupt governments for political purposes.”
Time Stamp References:
0:40 – Doug’s early interests.
2:40 – Where we are in the gold market.
4:00 – China and Russia will lead.
4:45 – Previous gold bull market.
7:20 – Experience and wisdom in investing.
9:00 – Bullish on uranium.
11:45 – The greater depression.
15:00 – Favorite books and authors.
17:20 – His novel series.