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Nick Barisheff's  Instablog

Nick Barisheff has been has been actively involved in the investment and finance industry for more than 30 years. For the past ten years he has focused on the world of precious metals and the advantages of investing in gold, silver, and platinum bullion. As President of Bullion Management Group... More
My business:
Bullion Management Group Inc.
  • The BullionBuzz eNewsletter – January 5, 2010
    The BullionBuzz eNewsletter – January 5, 2010
     “Government ‘help’ to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off.” 

    GOLD

    Risks of Investing in Precious Metals ETFs
    David Ranson
    David Ranson of Wainwright Economics recently met with Nick Barisheff. Their discussion turned to methods of investing in physical bullion, and the concerns regarding exchange-traded funds. Wainwright felt the points covered represented important information for their subscribers, and published the discussion in a Q&A format that they have made available to Bullion Buzz subscribers also. The questions: Explain the major differences between ETFs and open-end mutual funds; what is the concern about the precious metals ETFs specifically; what specific disclosures should precious metals ETF investors be concerned about; few investors or brokers read the fine print of a prospectus but, legally, are these points included so that the investor is ultimately responsible; how is this different from an open-end fund; apart from the disclaimers in the GLD prospectus, what specific reasons cause you to doubt that it holds unencumbered physical bullion; what do you think might go wrong in the future with the precious metals ETFs. There is now over $30 billion held in ETFs like GLD and SLV, and many investors and advisors have made erroneous assumptions without actually reading the documents. For those who have invested in exchange-traded funds and believe they are holding physical bullion, this is a must-read article.

     
    Learn from the Rich Man
    Richard Russell
    History will show that 2009 was the year Wall Street’s “too big to fail” institutions got even bigger as they pocketed billions in taxpayers’ money and issued massive bonuses; it was the year the US public was shafted; it was the year the President, coached by Wall Street advisors, never clued in to what was going on. It was a good year for precious metals, however, and investors are wondering if it is time to sell. Russell says NEVER sell your gold, silver or platinum; precious metals are an integral part of your estate and net wealth. The price of gold doesn’t matter; gold represents unencumbered wealth. Consider the rich person who accumulates and holds 10,000 ounces of gold. At one point (today) that gold is worth $12 million. Then gold declines to $700 an ounce during a crushing world deflation.
     
    Read more – and more article synopsis like this: http://www.bmginc.ca/document/645
    Or register to receive the BullionBuzz in your inbox each week:www.bmginc.ca/buzz_registration_form/
    Jan 06 10:48 am | Link | Comment!
  • Webinar Replay Available: Richard Karn's Currency Debasement
    BMG Webinar Series:
    Currency Debasement: How to protect your Assets
    REPLAY AVAILABLE
    With Richard Karn and Nick Barisheff
    Learn more and register
    Dec 09 10:19 am | Link | Comment!
  • The Bullion Buzz eNewsletter - December 8, 2009
    The Bullion Buzz eNewsletter - December 8, 2009
    "Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For those few, gold has been the asset of last resort."
    GOLD
    What Should Investors in Gold and Silver do Now?
    Julian Phillips
    The gold market has undergone such a complete change that the yellow metal’s future is altered forever.  When gold last peaked, central banks had embraced the notion that the US dollar was king because it was the currency they could buy oil with. The US and the IMF sold gold, and it gradually faded from investors’ consciousness. Today, gold is once again front and centre as a reserve asset of the world’s central banks, so much so that demand could overwhelm supply. Just as the market took a long time in the 1980s to realize gold prices were going down, it has taken nearly 10 years to realize that gold is coming back into favour. International acceptance from central banks to sovereign wealth funds is gold’s ticket to the future, and the price implications are enormous. Phillips discusses the gold price in relation to oil and in relation to the dollar:euro exchange rate.
    Gold Bruised by US Jobs Propaganda
    Jeff Nielson
    The monthly jobs report from the US Bureau of Labor Statistics is a deliberate falsification of data, as evidenced by the weekly report of payroll lay-offs. So the gold market’s reaction to last week’s “less bad news” announcement was simply bizarre. There is nothing bearish for gold about more hiring, given that the Fed and Treasury Department have made it clear their reckless fiscal and monetary policies will remain in place indefinitely. This has extreme implications from an inflation standpoint. Nevertheless, the market continues to ignore the true state of US finances. It is aided in this by the Treasury’s decision to withhold its annual Budget Report this year. Americans don’t know that the real deficit for 2008 was $5.1 trillion, or that the real deficit has averaged over $4 trillion per year this entire decade. In fact, government spending has soared while revenues have fallen off a cliff, and the only question is how many trillions have been added to last year’s total. Shadowstats.com estimates the real deficit for 2009 is nearly $9 trillion, compared to the official deficit of $1.4 trillion. Given events in the real world, the move by investors last week to sell gold and buy equities from the most hopelessly insolvent economy on the planet wasn't simply unwise, but totally insane.
    … Read this synopsis and more by visiting: http://www.bmginc.ca/document/639
    Or subscribe to receive the Bullion Buzz in your email box each week. http://www.bmginc.ca/buzz_registration_form/
    Dec 09 10:16 am | Link | Comment!
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