This interview was recorded three weeks ago. We've been unsure of how well-received an interview about "$10,000 gold" would be received while the yellow metal experiences its worst quarter, price-wise, in history. But rather than sit on it any longer, we're releasing it now and will trust our readers to look past the current price of gold and focus on the long term macro arguments Nick presents. ~ Adam
Nick Barisheff, CEO of Bullion Management Group recently published the provocatively-titled book: $10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven. In this week's podcast, Chris sits down with Nick to learn the math behind this forecast.
Showing posts with label Nick Barisheff. Show all posts
Showing posts with label Nick Barisheff. Show all posts
Sunday, June 30, 2013
Thursday, July 26, 2012
Gold Going to $10,000/oz - Nick Barisheff
Gold's Going to $10,000 Per Ounce says Nick Barisheff. Nick Barisheff, President and CEO of Bullion Management Group on the financial sense network discusses Gold and Silver markets prospective with Kerry Lutz.
Nick Barisheff of Bullion Management Group Inc. is calling for gold to rise exponentially within the next five year time period. He's convinced that unlimited and excessive money printing by the world's central banks guarantee it. He's even got a book coming out later this year to back up his hypothesis. He believes a mix of gold, silver, and platinum as well as geographical diversity will protect you from the numerous economic uncertainties and governmental threats that are lurking. Nick's made it his life's work to help people protect their precious metals holdings from over zealous bureaucrats and other criminal types. How safe is your metal? In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion aboveground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.
Nick Barisheff of Bullion Management Group Inc. is calling for gold to rise exponentially within the next five year time period. He's convinced that unlimited and excessive money printing by the world's central banks guarantee it. He's even got a book coming out later this year to back up his hypothesis. He believes a mix of gold, silver, and platinum as well as geographical diversity will protect you from the numerous economic uncertainties and governmental threats that are lurking. Nick's made it his life's work to help people protect their precious metals holdings from over zealous bureaucrats and other criminal types. How safe is your metal? In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion aboveground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.
Thursday, February 16, 2012
$10,000 Gold a Conservative Estimate says Nick Barisheff
Nick Barisheff CEO at Bullion Management Group Inc on the Financial Sense News Hour - 2/15/2012 Nick Barisheff: Why $10,000 Gold Could Be a Conservative Estimate and Physical gold preferred for long-term ownership he also explains why gold ETF’s are good for trading, but for ownership, you want the real McCoy; physical gold.
Tuesday, September 13, 2011
Nick Barisheff : Gold Is Not in a Bubble
Nick Barisheff, CEO at Bullion Management Group Inc says Gold is not in a bubble , Gold has been money for 3000 years and it is still today , the same people that say Gold is a bubble have been saying that gold was in a bubble when it was at 500 , at 800 at a 1000 , and now at 1800 , gold is money also if you has hundred dollars bills in a vault they do not produce dividends , that's because gold is money it does not produce dividend too , because money is not an investment , we are in a currency bubble not in a gold bubble ....
Wednesday, August 17, 2011
2011 Outlook for Gold and Silver by Nick Barisheff
Nick Barisheff, President and CEO of Bullion Management Group on Lang and Oleary Exchange discusses Gold and Silver markets outlook for 2011 . BMG is a precious metals mutual fund, they hold physical gold silver platinum. on a mutual fund your commitment is $2500 to start and $500 per additional installment. 2011 Investment Outlook Luncheon Presentation by Nick Barisheff .Gold Outlook 2011: Irreversible Upward Pressures and the China Effect Gold Because its money that can't be printed and if the world monetary system collapses or gets severely devalued it will keep its value. The price is where it is because of money printing.Nick Barisheff explains why precious metals are best hedge coming double-digit inflation .Gold has outperformed every other asset class over the past decade and finally financial and mainstream media are starting to take notice. Nick offers insight that helps investors to understand the different methods to buying gold and in particular, why buy physical bullion.
Wednesday, June 15, 2011
Nick Barisheff : Gold a Bad Investment ?
Nick Barisheff claims that Gold may be in a bubble I beg to disagree , how can gold ever be in a bubble when less of 2% of the investors ever have any gold bullion to start with , besides Gold is Money we tend to forget this , gold is the original money , the dollar was created as a gold certificate the first day , gold is not an investment , who ever invest in gold just to make a quick buck does not deserve to be in this market , Gold is money the only money that humanity have known for thousands of years , its value will never go to zero unlike paper money or stocks , it cannot be printed into oblivion ...gold will always be gold
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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