‘Mass financial depression is coming in 2026,’ warns top investor Doug Casey

American market veteran Doug Casey is sounding the alarm. According to him, the global economy is on the verge of a gigantic crash. 2026 will be the year of a “massive financial depression,” he says, and only rare commodities such as gold and silver can save investors.

‘AI hype is dangerously overrated’

In an interview with David Lin on January 5, Casey blasts current market sentiment. He sees that almost all stock market profits go to a handful of tech and AI stocks. And that reminds him of the internet bubble of the beginning of this century.

“AI will definitely mean something,” he says. “But the money being put into it now is premature and extremely dangerous.” That is why he invests defensively. He sees more of a future in tangible assets such as gold, silver and some raw materials.

Gold and silver on the rise due to weak dollar

Casey’s warning comes at a time when precious metals are rising sharply in value. Yet he remains cautious: “Straight lines up make me nervous.” In other words: too fast increases are often not a good sign. Yet he remains true to his strategy: “The world is so unstable that I just keep buying more physical silver.”

According to Casey, the cause of the rising prices lies with the US government. It would have “worked itself into a corner”, leaving the central bank with no choice but to print trillions every year.

What strikes him: there is little interest from the general public in gold and silver shares. And that, according to him, could be a sign that the rally is far from over.

‘US seems to be the best horse on the way to the slaughterhouse’

Casey also thinks the optimism about the American economy is misplaced. According to him, strong growth figures say little about the daily lives of ordinary people. “It’s the best-looking horse on the way to the slaughterhouse,” he says.

He no longer trusts the official figures and believes that many Americans think they are richer than they are. According to him, you can hardly make ends meet with an annual income under $140,000 these days. “If you look at what things really cost, you are close to poverty.”