The David Lin Report ‘War Is Not Going Away’: Crisis Investor Reveals What Booms Next | Doug Casey
Apr 22, 2026
Doug Casey, bestselling author and founder of Crisis Investing, shares his views on geopolitics and markets. He talks about escalating US–Iran tensions and how oil and commodities may react. He discusses changing warfare, defense spending inefficiencies, and why precious metals and certain industrial metals matter in crisis times.
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Conflict Likely To Persist Due To Provocations
- The Iran conflict likely won't end peacefully because unpredictable U.S. actions provoke entrenched Iranian responses.
- Doug Casey cites Trump's erratic behavior and past sneak attacks as reasons Iran will press for reparations and resist backing down.
Commodities Are Cheap And Poised To Rise
- Commodities are historically cheap relative to financial assets, and Casey expects prices to rise as war damages refining and pumping capacity.
- He stays long oil stocks (outside the Gulf), gold, and commodity stocks as a hedged play.
War Pushes Metals In Opposite Directions
- War creates conflicting forces: currency debasement boosts precious metals while reduced consumer demand can depress industrial metals.
- Simultaneously, global rearmament increases demand for metals used in weapons and munitions.
