Doug Casey: “There’s Going To Be A Bubble In Gold And Silver, And A Super-Bubble In The Miners; So Buy Them Now”

http://bullmarketthinking.com/doug-casey-theres-going-to-be-a-bubble-in-gold-and-silver-and-a-super-bubble-in-the-miners-so-buy-them-now/

I think a substantial portion of everybody’s net worth should be in physical gold and silver at this point, because they’re the only financial assets that aren’t simultaneously somebody else’s liability. There’s no counter-party risk with them, and that’s critical.”

Because one thing the governments are going to be doing, is creating trillions more dollars, and that’s going to create other bubbles. So if you’re well positioned, you can capitalize on that, and make a fortune as the greater depression dawns upon most people.

There is almost certainly going to be a bubble in gold and silver, and a super-bubble in the companies that explore for and mine them. So buy them now.”

“Since 2007, we entered a gigantic hurricane, and from 2008 to early 2010 we were at the leading edge of the storm. For the last several years we’ve been in the eye of the storm, but we’re going to come out the trailing edge, and it’s going to be much worse, and much bigger, and much longer lasting that what we saw back in 2008. So I think there will be some bargains, but not now.”

“These governments have printed up trillions and trillions of currency units, not just the US government, but the Europeans, the Japanese, the Chinese. These trillions of currency units have really inflated the value of everything, as people look to hide capital in something that has value. We’re in the middle of a gigantic bond bubble, they’ve created a bubble in the bond market that’s bigger than the bubble that was in real estate, and bigger than the tech bubble in the stock market up until 2001. When the bond bubble that we’re in now deflates, it’s going to be a catastrophe for most people.“

Bottom line according to Doug Casey: We’re at a quiet moment in the ongoing crisis, and as currencies and bond bubbles begin to implode, gold, silver, and mining shares may explode to historical proportions.