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International Man/Doug Casey/6-11-2021
“It’s not an accident that we usually make good investment calls; the selections arise from a constant awareness of the basics. So I want to briefly review those fundamentals. Let’s start with gold. We’re very gold-oriented around here. You undoubtedly have a good position in gold. Many of your friends are aware that you’re a gold bug, and more than a few of them question your wisdom. Are you able to give them a succinct and cogent explanation not just for why gold is cyclically a good speculation, but why it’s money? I’ll wager the answer in many cases is, ‘No.’”
USAGOLD note: Casey goes on to cover the five characteristics of good money based on Aristotle’s recommendations 2500 years ago and explains why they are important. He ends with a straightforward course of action: “Forget those ridiculous nostrums about having 5% of your portfolio in physical gold, for insurance. I’d say, have a very significant portion of your net worth in gold.”
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