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Nick Barisheff: Nothing wrong with a portfolio that is entirely bullion
9p ET Sunday, August 24, 2020
Dear Friend of GATA and Gold:
In his new essay, the CEO of bullion fund manager BMG Group, Nick Barisheff, recounts his long struggle with not only the Ontario Securities Commission but also financial advisers and gold and silver mining companies to gain support for his company's gold and silver bullion funds.
... Dispatch continues below ...
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Summarizing his investment outlook, Barisheff writes: "To fully understand gold, you need to know that gold is money, and everything that is referred to as money is actually just debt.
"If you understand that gold is money and you keep it in a safe or a vault, you need to evaluate the risk/reward relationship of taking your money -- gold -- out of the vault and investing it by giving the proceeds to someone else.
"For that to make sense, you should be convinced that by liquidating your gold and investing it, you will eventually get more ounces of gold back than the ounces you invested. Unless that is the case, at a reasonable level of risk, you might as well leave the gold in the vault."
Barisheff's commentary is headlined "100% Gold Portfolio" and it's posted at the BMG internet site here:
https://bmg-group.com/100-gold-portfolio/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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