Stagflation Looming, Holding Gold 'More Important Than Ever'

Nick Barisheff profile picture
Nick Barisheff
594 Followers

Summary

  • IS inflation data released last week shows that Consumer Price Index jumped 7 percent in 2021.
  • Do official statistics tell the whole story?
  • Inflation is happening at a time when GDP is declining.
Gold bar, ingots and coins on financial report. Growth of gold on stock market concept.

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Rising inflation and declining gross domestic product are the recipes for stagflation, said Nick Barisheff of BMG Group - and gold historically does well during these periods.

Nick Barisheff - Stagflation Looming

Investing News Network

US inflation data released last week shows the Consumer

This article was written by

Nick Barisheff profile picture
594 Followers
Nick Barisheff, author of $10,000 Gold: Why Gold's Inevitable Rise Is the Investors Safe Haven, is the founder, President and CEO of BMG 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 Market Association (LBMA) and the Responsible Investment Assosciation (RIA). Widely recognized as an international bullion expert, Nick has written numerous articles on bullion and current market trends that are published on various news and business websites. He has appeared on BNN, CBC, CNBC and Sun Media, and has been interviewed for countless articles published in leading business publications across North America, Europe and Asia.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Business relationship disclosure: Investing News Network interview

Additional disclosure: I am Founder, President & CEO of BMG Group Inc.

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