You are here
Gold is suppressed and likely will correct overnight, BMG's Barisheff tells USA Watchdog
7:45p ET Wednesday, June 22, 2106
Dear Friend of GATA and Gold:
Nick Barisheff, chief executive officer of Bullion Management Group in Canada, tells USA Watchdog's Greg Hunter today that the gold market is manipulated with paper gold, gold exchange-traded funds are mechanisms of price suppression, gold trading freely would be double its current price, and eventually the gold market will correct dramatically upward.
Barisheff adds that China's government likely has much more gold than it has reported officially and that much of that gold well may have come out of Western central bank vaults through leasing to bullion banks and sale into the market, thus becoming unrecoverable.
Barisheff says he is inclined to think that gold's upward price correction will happen overnight as "the big reset," the title of Willem Middlekoop's recent book on central banking's war against gold.
USA Watchdog's interview with Barisheff is 24 minutes long and can be watched at USA Watchdog here:
http://usawatchdog.com/massive-defaults-dramatic-increase-in-gold-nick-b...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Free Storage with BullionStar in Singapore Until 2016
Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.
Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.
Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.
For more information, please visit Bullion Star here:
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/
Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
