Monday , 14 October 2024

Nick Barisheff: Gold Could Easily Double in Price – Here’s Why (+2K Views)

Asset manager Nick Barisheff says, “There’s never been a fiat currency in history that didn’t end in hyperinflation and complete collapse.” [Got gold?] Words: 190

So says Greg Hunter (http://usawatchdog.com) here as he goes One-on-One with Nick Barisheff, CEO of the $650 million Bullion Management Group.

 Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), may have edited the article below to some degree for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.

Hunter goes on to say:

Barisheff conveys that:

  • Treasury Secretary Tim Geithner’s most recent call to have an “unlimited debt ceiling” for the U.S. was “just telling the truth” as that’s essentially what we have now with “open-ended” money printing by the Fed.
  • “All it’s doing is postponing a problem . . . it makes it bigger and eventually it blows up.”  Forget about remedies for the economy, it’s too late.
  • “We’ve passed the point of this getting fixed.”
  • If the Fed’s gold holdings are ever audited, there will be a “gigantic short-covering rally . . . multiple bankruptcies . . . and a massive loss of confidence” in the dollar because much of the gold is gone or leased out.
  • The gold price could be “easily double” right now because he believes that, “What’s kept the price down is the artificial leased gold going onto the markets.”

*http://usawatchdog.com/hyperinflation-and-complete-collapse-nick-barisheff/#more-9472

Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

Related Articles:

1. Goldrunner: Gold’s Extremely Bullish Backdrop Setting Stage for Run to $2,050, Then $2,400, Then $4,500 and Ultimately $10,000-12,000!

Multiple-forms-of-gold-bullion

Our subscription service provides detailed technical analysis of where the price of gold, silver and precious metal stocks are going short term (in the next week or two), intermediate term (within the next 3-6 months) and long term (the ultimate top) in each stage of their respective bull runs. This service comes with detailed charting based on conventional technical analysis and our proprietary fractal analysis based on the ’70s. Below are some of our latest comments and rationale for expected price movements in gold without illustative charts which are only available to subscribers. Words: 1000

2. Here Are 50+ Different Ways to Invest in Gold

currencies

Given the continuation of easy money policies by the Fed and other central banks around the world, as well as the very real possibility of more turmoil in the financial space, it isn’t surprising that many investors are looking to cash in on this modern day gold rush. For these investors looking to make a play on this elusive metal, we explore below every nook and cranny of the investing world to offer 50 ways to play gold. Words: 2600