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Nick Barisheff
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Nick Barisheff, author of $10,000 Gold is the founder, President and CEO of Bullion Management Group Inc. (BMG), a company dedicated to providing investors with a secure, cost-effective, transparent way to purchase and hold physical bullion. BMG is an Associate Member of the London Bullion... More
My company:
Bullion Management Group Inc.
My book:
$10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven
View Nick Barisheff's Instablogs on:
  • Gold Vs Bonds | Another Look

    by Nick Barisheff

    Bonds have been in the headlines lately, thanks to the Eurozone (Greece in particular), but also certain US municipalities and Puerto Rico.

    Most investors believe strongly that bonds are a safe investment, while gold is risky. Contrary to popular opinion, gold offers vastly superior wealth protection.

    Unlike bonds, gold is an asset class that has a negative correlation to financial assets, thus providing the greatest diversification, as well as protection from inflation and currency crises.

    This is important, because all major currencies have declined when valued in gold since the gold standard was abandoned in 1971. Recent policies of quantitative easing and bailout packages have resulted in currency printing that has flooded the economy with dollars, driving the money supply to unparalleled levels and opening the door to inflation.

    Governments are attempting to keep interest rates artificially low by having new currency issued and purchasing bonds with it, but with interest rates are record lows, increasing the money supply with only encourage inflation.

    Gold performs well during periods of inflation. Bonds are severely hurt by inflation, which wipes out the purchasing power of the principal balance as well as the purchasing power of the bond yield.

    Given the current economic climate and the fiscally irresponsible policies, including competitive currency devaluation that governments in the US and indeed around the world are implementing, it is no wonder that investors are desperately seeking ways to protect their wealth.

    Moving from equities into bonds, however, is like jumping from the frying pan into the fire. The smart move for wealth preservation is holding physical gold bullion.

    >> To read full article

    Jul 29 3:33 PM | Link | Comment!
  • Gold Is Money

    Gold is not, and never has been, a currency. Gold is something entirely different and far more valuable: It is money.

    Gold is money because it cannot be created out of thin air by government decree. Unlike bonds, gold does not represent someone else's liability and, unlike stocks, gold does not rely on someone else's promise of performance. Gold is money because, unlike currencies, impatient monetary policymakers cannot simply print more.

    Currency-denominated financial assets are a disaster waiting to happen. The current economic rebound is a mirage, being entirely dependent on something artificial and unsustainable: massive government spending. A new crisis is building out of unprecedented fiscal and monetary mismanagement. Fortunately, smart investors can protect their wealth from the coming storm. The true level of risk has not been priced into the markets. The time to shelter your wealth from the storm is now. And there is no safer investment on earth than bullion, because bullion is, and always will be, money

    Nick discusses currency versus money; the decline of the world's currencies; how the media is using the wrong measuring stick; why the rate of currency decline is accelerating; the burgeoning world currency supply; the increasing risk of multiple sovereign debt defaults; the loss of the US dollar's purchasing power; the growing demand for real money; and why it's a mistake to view gold as a commodity.

    Click to read more

    Tags: gold, money
    Jul 08 3:31 PM | Link | 1 Comment
  • BullionBuzz ENewsletter | Feature: Six Biggest Myths About Gold Debunked

    Highlights include: gold, currency, Greece and much more.

    Subscribe now

    Jun 30 3:09 PM | Link | Comment!
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