The Korelin Economics Report
Doug Casey Gives His Opinion
About the Direction of U.S. Economy
Al Korelin
www.kereport.com
dispatched Sep 2, 2007
posted Sep 4, 2007
Over the past couple of weeks,
I have discussed the fallout of the liquidity crises with virtually
all of the regular guests on The Korelin Economics Report. Some
have said that they feel the problems stemming from the sub prime
mortgage situation are, in fact, overblown and others have said
that the situation is dangerous enough to warrant staying out
of the stock market and only buying gold. Some, in the latter
camp, indicated that they felt it was prudent to purchase gold
while maintaining a substantial amount of cash.
I am right of center on this
issue in that I agree that purchasing gold (and silver) is prudent;
however, I feel strongly that purchasing stocks of the public
companies in the industry also makes a lot of sense. I say this
because the prices of most are currently 20 to 50% less than
they were just a month or so ago.
I decided to get the final
word on this subject from Doug Casey. I did that because
I believe that Doug is truly the "godfather" of our
business. (Doug, I am not putting you in the same category as
Don Corlone [Corleone] here!) Doug's book, Crisis Investing,
was #1 on the New York Times bestseller list for 29 consecutive
weeks. And, more recently, he correctly called the start of the
new gold bull market after the stock market crash of April 2000.
Doug said that he believes
that big government is the cause of most economic ills. We discussed
that along with the numerous disincentives that people have gotten
used to and ways that we can all protect ourselves from financial
ruin.
To listen to this informative
discussion click here.
I believe that economic conditions
in the U.S. and political events around the world are giving
definite buy signals for gold. I have felt this way for a number
of years now. It all started when gold was trading at $254 an
ounce. We made the call on The Korelin Economics Report then
that the price of gold was going to trend upward for quite some
time. We were correct then and with the help of the input from
guests on our program, like Doug Casey, I am convinced that we
are correct now. Listen to all the interviews and then come to
your own conclusion. In addition to being heard on the thirty
stations that carry our program, you can also listen by going
to www.kereport.com.
* * *
Al Korelin
is the host of "The Korelin Economics Report". This
radio program features discussions with political figures, newsletter
writers, analysts, portfolio managers and company executives.
None of the guests appearing on the program pay any fees and
if Mr. Korelin or any of the guests own shares in any company
that is discussed, that fact is clearly disclosed. Mr. Korelin's
firm, A.B. Korelin and Associates, Inc., has been providing regulatory
consulting services to public companies for the past twenty five
years.
Al Korelin
email: alkorelin@comcast.net
website: www.kereport.com
321gold Ltd
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