Close Enough To a Bottom, Gold Best Alternative For Investors - Doug Casey | OUTLOOK 2016

As markets digest this week’s Fed meeting and first interest rate hike in nine years, one veteran investor says he’s still rooting for gold. Doug Casey, founder of Casey Research, told Kitco News that he expects prices to move higher next year. As part of Kitco’s annual Outlook series, Casey shared his forecasts for the coming year and said we may be near a bottom for the metals. ‘My opinion is if it’s not the bottom, its close enough to the bottom,’ he said. ‘So, I have to be an aggressive buyer of both gold and silver at this point.’ February comex gold futures were last quoted up $13.60 at $1,063.20 an ounce while March silver futures rebounded from a six-year low earlier in the week and were last quoted up 2.68% at $14.07 an ounce. According to Casey, there are no better alternatives for investors right now than precious metals. 'Everything else in the financial world is grossly overpriced, including the dollar, so you have to buy gold,’ he explained. His optimism spills over into mining equities, as he expects a ‘super bubble’ in mining stocks. However, he still said he doesn’t like the current state of the mining industry. ‘I’ve been saying for years that mining is the worst business in the world; that it is eventually going to radically change its entire nature in the future,’ he said. Casey also expect the dollar to eventually reach, as he put it, its ‘intrinsic value at approximately zero.’ Kitco News, December 18, 2015.

[Chaaos]

finally someone who tells it like it is

[philmarques]

Daniela is pushing a 9.5 out of 10 on this one! Nice!

[jmcarp]

Mr. Casey has made so many big calls. When he talks I listen.

[timetoinvest]

Doug has being right all the way .u much work can the dollar be ?

[Pietari]

the Nano-tech can be implemented to extract elements from seawater or rivers and so on.
and Happy Holidays to you all.

[SilverTongue]

great interview by Doug! gold will bottom next year under 970

[philmarques]

And Doug Casey is a lone voice talking sense...

[JuanMedina-ckme]

Hahaha it's embarrassing being associated with the mining business. I love Doug he's hilarious and doesn't give a damn who's listening.