Doug Casey on the Violence of the Storm, the Destruction of the Middle Class and the Coming Gold Standard

One consequence of all this money being created is that other bubbles will appear. I feel confident that one of the bubbles will be in precious metals; it will be driven by both fear and greed, but also by prudence. That's a powerful combination. With a little bit of luck it's going to appear in the precious metals stocks as well, but we are not there yet. I don't doubt that before this thing is over that gold is going to be moving up a $100 per day.

I've long specialized in small mining exploration companies. They're the most volatile class of securities in the world, cyclically running up 1000% – with leaders going 10,000% – then losing 95% or more. They're in a position now that I think we could see a giant bubble, a real mania, in them. Let me just caution people to do some real research and look at them very hard. Most of them are just burning matches – although that fact won't have much to do with how high they go if a real mania hits.