Doug Casey: "The State Is Not Your Friend"

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News Story Source: https://www.lewrockwell.com by Doug Casey
Regular readers know our founder, Doug Casey, sees gold as the ultimate safe-haven asset. So if you're wondering why gold has been taking a hit this week amid massive sell-offs on Wall Street, you're not alone. But it's still an important protective asset to hold for the long term.

In fact, we've seen this happen before – take the recession of 2008. Just a few months after hitting bottom, gold started a massive rally, hitting an all-time high of over $1,900 an ounce.

And we see another breakout on the horizon. So the best thing you can do right now is not let your emotions run rampant and dictate your actions. Panic selling is the worst course of action today.

Sit tight, keep a cool head, and check out our Ultimate Crisis Playbook for a compilation of the best advice from the strongest investing minds in our industry. And next week, be ready for a full series on how to handle the current market climate.

Now… Onto today's essay
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