I follow “the room” regularly and after reading the recent negative subscriber feedback I chuckled. I am 28 years old and a recent Casey subscriber (Aug 2007). Initially I was very hesitant at joining because that meant cutting back in several areas that are important to a young bachelor, i.e. beer and ladies, in order to afford the subscription. This was difficult because living in Washington, DC, neither fine drink or fine single ladies are in short supply. Now a few pounds lighter, much wiser (I went back to my roots of the “poor college student” dates) I subscribe to all your publications! I enjoy all the Casey publications and I have never been disappointed with the quality or content. Often the publications validate my thoughts because the Casey views, ideas, reasoning, politics, etc, fall in line with my own. I have benefited in the past 3 months greatly on several of the recommendations; however, I had to exercise patience to buy on dips and sell now and then to take profit.
I want to say, “thank you” to the Casey crew for delivering a great product consistently. I especially enjoy Bud Conrad’s columns. I once saw Mr. Conrad speak and was amazed at his energy, knowledge and passion. Immediately I thought he was the Lewis Black of the financial world and I mean that in the highest regards. I have to admit that I am biased towards Mr. Conrad because like Mr. Conrad, I have a BS in Electrical Engineering and am passionate about finance and economics. In a way he is a role model. Now to business.
I am looking to get into the agriculture side of investing and to just name a few simple reasons why:
1) Everyone needs food and the world population is growing.
2) More and more fertile land is being converted to cities, homes, etc for the growing population.
3) The link between crude oil and phosphates to produce fertilizers and the obvious rising costs.
Off hand I know when it comes to grain there is Archer Daniels Midland, ConAgra, Cargill, and Continental Grain. For chemicals or fertilizers there is Dow Chemical and Monsanto. Additionally for equipment there is John Deere. I am still in my early research phase and not at the level to do an analysis of the “P’s”. Rather than looking at giants of the industry and some of their expensive stocks, I would prefer to focus on “Junior Farmers/Manufacturers” if such an area or exchange exists. I know I can trade futures but I do not want to go there due to my lack of experience. Currently I like what I learned about Black Earth Farming (I believe the Lundin company is involved) but even their stock, which just was an IPO, is quite expensive.
On the flip side I am very aware of the US government regulations on farmers and producers. I am investigating the Farm Act and am highly concerned about government subsidizations, especially when it comes to corn and ethanol. As a proponent of the free market and a student of Mises and Rothbard, a bell goes off in my head that warns me of the sector. But then again, the visible hand of government intervention exists in all marketplaces and I remind myself there is profit to be made. If you have the time I would like to hear your thoughts on investing in agriculture. In the mean time I will continue to explore the sector. Keep up the good work at Casey!- Ryan D.
I have been a subscriber to Mr. Casey’s International Speculator for over 10 years, but have only actively followed his advice for the last seven years. Over the last seven years my investments have risen by an average 42.9% per year; 26.1% in 2007. The first dollar I invested is up over 1000%!! Keep up the great work.- Jim G.
There are few people able to see through the fog to the main issue as is Doug, at times offering insights that are obvious once pointed out, at other times, unique insights you won’t find anywhere else.- Adrian Day
I remembered Doug’s words and bought Paladin Resources when it fell to A$0.009 per share. I just cashed out with a 3,100% profit! My mortgage is now paid off…Thanks Doug!- C.L., Osaka
Doug Casey is smart, hard-working, and extremely knowledgeable. He has an instinct about investments that has made him and many of those around him very rich. If you ever get a chance to tap into that instinct, you should take it without hesitation.- Bill Bonner, The Daily Reckoning
Doug Casey’s 30 years experience in the resource business give him a rare and deep knowledge of this sector. More importantly, however, is that he is the most instinctive contrarian I have ever met and that, in my opinion, is the key to his remarkable success as a speculator- Rick Rule, Global Resources
We attract thousands of investors and hundreds of mining company executives to our conferences — it is always standing room only when Doug Casey steps up to the podium.- Joe Martin, Cambridge House