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overtheedge
Membre depuis mai 2012
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David Morgan Interviews Nick Barisheff - Nick Barisheff - Bullion Management Services

"... signed about twenty trade agreements with different countries where they'll settle the trade deficits in their own respective currencies."

And just where do you think the money comes from to buy these respective currencies? What do you suppose China is using to buy gold? Not yuan. Think US Treasuries. China diversifies their reserves and through trade agreements could and just might let some smaller country initiate the T-bill dumping effort.

If you have already started the grey-market and know the reserve currency-backed market will fail, all that is left is where to place the blame. If you have PMs in your reserves, you have the gold standard of collateral. Governments come, governments go. Why do you suppose they call it a gold standard?

Good article though the $10K figure is irrelevant. So what if gold drops to $40USD/ozt when that $40 will buy you room and board for a month with innkeeper's daughter visiting you every night with a bottle of wine. Gold is measured in ounces/grams/grains and purity. Comparing gold to currency such as dollars, yuan or rubles, could just as easily be mice, turnips or toilet paper. Don't ever under-estimate the function of silver.

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Début de l'article :David Morgan: This is an interview conducted by David Morgan with Nick Barisheff. He's recently written a book called $10,000.00 Gold: Why Gold's Inevitable Rise is the Investor's Safe Haven. Nick, I haven't re-read the whole book. I read the preliminary, but it's an excellent job of characterizing why gold is so important. Before we start on that, what prompted you to switch from the real estate industry to precious metals? Nick Barisheff: Well I guess that would take us back to 1997... Lire la suite

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