Doug Casey on gold stocks

On the bright side, however, in the next few months, if you have cash, there are going to be fantastic bargains in the stock market in general. But by far the best place will be gold stocks, which are very, very cheap.

Unlike most companies today, they’re coining money because the average all-in sustaining costs of gold mines around the world are under $1,000 per ounce and dropping because about 20%–30% of the typical goldmine’s costs are fuel. The price of oil has also collapsed to $20, and gasoline is at $0.70 in the futures market.

This is the ideal time to buy gold miners. You don’t want to try to catch a falling safe; you want to wait until it conveniently smashes open on the sidewalk. Now is the time.

That’s what the average person should do. Other than that, prepare to enter the trailing edge of the gigantic hurricane we entered in 2008.

~ Doug Casey, "The Biggest Thing Since 1776 is Happening Now... How the Coronavirus Will Spark the Greater Depression," LewRockwell.com, March 19, 2020