Doug Casey talks to James Turk

Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. In this video, Doug Casey, founder and chairman of Casey Research Institute, talks to the GoldMoney Foundation's James Turk about the greater depression that is facing the developed world. In Casey's view, finding intriguing investment opportunities is difficult at the moment, owing to the dislocations affecting economies as a result of central banks' money printing efforts. He does however think that tangible assets such as precious metals, land and fine art remain the best options available at the moment.

In stark contrast, Casey is extremely downbeat on bonds and the US dollar. He thinks that given the incredible levels that bond prices have risen to as a result of panicked safe-haven buying by hedge funds, they represent an excellent shorting opportunity for speculators.

Turk and Casey also discuss the opportunities to be had in mining shares, though Doug also points out the significant risks that mining companies face -- relating to political pressure from politicians and environmentalists. He says that investors need to be aware of these risks, but remains bullish on junior gold and silver producers.

Casey and Turk also discuss whether or not technological advances will ever gold obsolete as a potential form of money and store of value. Casey points out that according to Aristotle's definition of good money, gold will always remain the best form of money. In his words: "gold is uniquely suitable for use as money". Viewers can subscribe to free "Conversation with Casey" at www.caseyresearch.com. This interview was recorded in Sydney, Australia on 10 October 2011.

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• Aristotle
• greater depression
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[htiberian]

I like the analogy about the military being a hammer and other countries being nails.

[MegabitSix]

he has very good information... and i know for sure....because i have spent the last 30 minutes searching google.........seriously......­im probably going to invest in gold and pray to some made up gods...hope this comment helps you fence-sitters

[pretorious700]

@MikeTamillow wtf are you talking about? what kind of a perception problem do you have?

[MikeTamillow]

@alannahtenagss16 "Many prominent technologists and academics dispute the plausibility of a technological singularity, including Jeff Hawkins, John Holland, Jaron Lanier, and Gordon Moore, whose Moore's Law is often cited in support of the concept" - wikipedia

[klitschko88]

Thanks Jim.

No, it`s James. lol

[alannahtenagss16]

@MikeTamillow look up Ray Kurzweil, Casey's not delutional

[MrGiggity890]

@MikeTamillow ok bub, whatever you say

[MikeTamillow]

@MrGiggity890 No, No, No!!!! I know what people express about their character by what they say... he has a fear of death and a desire to be god. Not good character traits, attributes of the devil himself.

[MrGiggity890]

@MikeTamillow that may be what you got from it, but its not what he said...

[MikeTamillow]

Did he just say he can live forever and he thinks he can be god because he's rich enough. That's what I got from this... I agreed with just about everything until that part at the end which seems slightly delusional.