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BMG's Barisheff explains why manipulation shouldn't discourage investing in gold
3:23p ET Sunday, December 6, 2020
Dear Friend of GATA and Gold:
In an interview this week with Chris Marcus of Arcadia Economics, Nick Barisheff of bullion dealer and fund manager BMG Group reviews gold leasing by central banks and says they do not have the gold they claim to own. Neither do gold exchange-traded funds own the gold they claim to have, Barisheff adds.
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Barisheff can't predict when the longstanding manipulation of the gold price will end, but he says it should not discourage investing in gold, since over the longer term gold has been outperforming all assets and since U.S. treasury bonds can't provide a safe haven when the U.S. dollar is steadily depreciating.
The manipulation will break down eventually, Barisheff says, and when it does gold investors will get a bonus.
The interview is 28 minutes long and can be seen at YouTube here:
https://www.youtube.com/watch?v=_tUnNjjJarM
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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