KITCO NEWS - Don't tell best-selling author and noted gold aficionado Doug Casey that gold is a speculative play.

"Gold is not the only thing I do but it is the most important thing that anybody can do right now," said Casey during part one of his interview with Kitco News. "[Gold] should not be viewed like trading soy beans," Casey said, adding that it represents "savings in the simplest form." And, the longtime gold investor's conviction on the metal doesn't seem to be waning. "If you are going to throw in the towel on anything, it's paper currencies."

Watch more from Kitco News:

More from Video

A Guide to Investing in the Fast-Emerging Cannabis Industry

A Guide to Investing in the Fast-Emerging Cannabis Industry

Canadian Pot Legalization Could Be A Fresh Tailwind for Cannabis Stocks

Canadian Pot Legalization Could Be A Fresh Tailwind for Cannabis Stocks

Striking Options: Earnings, Gold, & Nasdaq

Striking Options: Earnings, Gold, & Nasdaq

This Market is Comparable to Getting Into a 'Fist Fight'

This Market is Comparable to Getting Into a 'Fist Fight'

3 Things Investors Can Do to Stay Strategic When the Market's Volatile

3 Things Investors Can Do to Stay Strategic When the Market's Volatile