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Doug Casey: Buy This While It’s Still Cheap
The trending investment themes today, like cryptocurrencies and marijuana stocks, are too overbought to get in right now, said best-selling author Doug Casey.
“I’m up maybe 50 to one on [bitcoin]” Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “but I can’t recommend something to people after it’s gone up 50 times in a year, and it’s pretty much the same in the marijuana space. These pot stocks have been on fire, I think pot is going to get much bigger.”
Casey said that current valuations do not signal a strong buying opportunity in bitcoin or marijuana stocks. “I like to buy things when they’re cheap,” he added, “I’m looking at things like soybean, and cattle, and silver, things like that, because the bubble will be ignited in those areas as well, but you can get into them very cheaply right now.” (show less)
The trending investment themes today, like cryptocurrencies and marijuana stocks, are too overbought to get in right now, said best-selling author Doug Casey.
“I’m up maybe 50 to one on [bitcoin]” Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “but I can’t recommend something to people after it’s gone up 50 times in a year, and it’s pretty much the same in the marijuana space. These pot stocks have been on fire, I think ... (read more)
Daniela Cambone
Editor-in-Chief
Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
