Nick Barisheff's  Instablog

Nick Barisheff
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Nick Barisheff, author of $10,000 Gold: Why Gold's Inevitable Rise Is the Investors Safe Haven, 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... More
My company:
Bullion management group inc.
My book:
$10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven
  • Cyprus And Gold: Lighting A Candle In A Dark Room  0 comments
    Mar 27, 2013 8:34 PM

    Imagine a peaceful, self-satisfied Western investor asleep in a dark room. He's had trouble sleeping lately, because he's starting to become concerned about the safety of his personal wealth; recent events in Cyprus have not helped matters. He's blissfully unaware that he is sharing his room with three large elephants, which are there every night but are hidden by the darkness.

    Our investor awakens and lights a candle; suddenly the room is illuminated and he sees the three giant beasts. The vision terrifies him, so he quickly douses the candle and hopes what he saw was just an illusion. But of course, when the light shines on truth it's impossible to return to a state of ignorance.

    Recent events in Cyprus have had the effect of turning on the lights, exposing the 'three elephants' of international banking and the fiat Ponzi scheme upon which most Westerners' financial health depends: inflation and purchasing power; loss of confidence in the present system that must be protected at all costs; and the peace that owning physical gold can provide.

    Nick discusses the 'three elephants,' financial repression, the contagion effect and more.

    Click to Read Full Article

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