They want to help the economy. He said that there is a need to promote financial literacy in the country and to push people to invest in market instruments — stocks, bonds, Forex etc. In this seminal book, he shares his encyclopedic knowledge with us and, more importantly, tells us how to use gold to protect personal wealth. Your comment will then await moderation from one of our team. Nick Barisheff: We have two kinds of categories and products. Technicals 156 Supply and Production 158 Environmental and Political Pressure 161 Primary Demand 163 Secondary Demand 170 The Competition for Gold 176 Silver and Platinum 177 In Conclusion 182 Chapter 8: How to Buy Gold 183 Some Pertinent Terms 184 The Many Ways of Buying Gold 185 Chapter 9: The Ultimate Prize Uncompromised Bullion 217 The Question of Title and Authenticity 218 Storage 220 Location 226 Strong Banks 226 Strong Economy 227 Strong Democracy 227 In Conclusion 228 Chapter 10: Gold Never Sleeps 229 Chinese Buying Gold Is Moving East 229 Central Bank Buying 233 The Movement Away from the U. The first one is the aging population, the baby boomers in most Western countries.
We have three mutual funds that are public funds in Canada, and are sold to accredited investors throughout the world. And if we ever do get a real geopolitical threat, then I think people will flock into gold as they dump equities. In the 2008 financial crisis, large institutional funds and banks were forced to sell gold because it was a Tier 2 asset worth only 50% of its true value on the balance sheet. A weak dollar means Americans will have less purchasing power. You can do whatever you want with your bars. So far, the Fed has been able to keep interest rates artificially low, but a strong dollar made that much easier for the Fed. Gold was going up regardless of the political tensions in North Korea, which seemed to last just one day.
Countries like China have openly declared aggressive targets to add to their gold reserves. Same thing has just happened, the gold price took a big hit in the middle of the bull market, and the next rise is going to be exponential. David Morgan: What would be the myths about gold ownership? Interest rates have been held artificially low. We have now created a fund that does a fixed monthly distribution based on this concept. It appeared that the bank defaulted on delivering the gold. Barisheff does a fine job of explaining the many factors that affect the value of gold and other precious metals.
Iceland has already gone over the edge. We have a program where you can buy any number of gold, silver or platinum bars, and either put them in storage, or take delivery. I tried to focus on a few trends that are not changeable. You have to do your own homework and become knowledgeable. No one knows what the next few years hold for the economy, but investing in gold allows for financial security in any market. This is a must—read for all outside the precious metals community.
They are going into debt on a horrific scale, and that will depreciate the value of the dollar. The United States, the United Kingdom, and countless other economies are struggling. When you look at it, the debt has started to look like an exponential curve going straight up. . Or what really happened in the Benghazi attack and why didn't Obama do anything about it before it happened.
During the last decade, India has seen massive, uncontrollable inflation that is destroying the middle classes. Before we start on that, what prompted you to switch from the real estate industry to precious metals? So, people are not buying gold because they need a safe haven, at least not from a geopolitical event. Disclosure: No positions at time of writing. David Morgan: Well I thank you for a great interview. David Morgan: Great, so can you go ahead and outline the five stages of the historical lessons of gold versus paper? This book explains why he is probably right, again. Looking at the world through the eyes of gold--where wealth is measured in ounces, not dollars--the book is a candid insight into the current state of the economy and how to stay safe no matter what lies ahead.
Now, for the first time, we are in unprecedented territory in that we have a global fiat currency in the form of the U. Gold, silver, and platinum outperform just about all of the Dow components. As a planned Tier 1 asset, funds and financial institutions are compelled both to purchase and hold gold. I wanted the liquidity to be the same as bullion itself. Watanabe - understand the traditional role of gold. Pranab Mukherjee is now the President of India. You talk about the fundamental case.
I think the dollar had a substantial rise based on the expectation that the Fed would be able to normalize interest rates and unwind its massive balance sheet. Well neither does currency if you hold it in a vault. We will save the information entered above in our website. But we facilitate the process to accomplish that. You can withdraw your consent, or ask us to give you a copy of the information we have stored, at any time by. It is indeed the traditional store of wealth. Below is a partial list of such individuals with sound reasons to substantiate their views.
Almost all information about anything has to come from other sources unfortunately and I am not just talking about gold. Can you talk about where the gold shift has been moving and why? As a result of his accurate forecasts on the U. Nick Barisheff: Well I guess that would take us back to 1997. How did you come up with that number Nick? You can change the rules and you force certain institutions, such as pension funds, to buy Treasuries and you eventually implement capital controls. Central banks do not want citizens to buy and hoard gold - that is not a good use of forex reserves in their mind. Looking at the underlying causes of gold's rising value, the book contends that intelligent investors have no choice but to invest in this precious metal.