Stansberry Research, Released on 1/6/21

Our Daniela Cambone speaks with author Nick Barisheff about his book “$10,000 Gold” and the path to his forecasted price. The gold price has taken a pause since its 2020 run above US$2,000 per ounce, but the author says it could move far beyond that level in the future.

“If you look over a reasonable time frame, the price of gold and the total amount of US debt are correlated, so they would go up together,” Barisheff says. Pension funds, none of which hold gold, are another key factor in the equation. He adds, “If those pension funds were even to allocate 1% to gold, then you’re going to get well beyond the US$10,000 because mine supply is going down.”

Nick Barisheff is president and CEO of BMG. He uses his understanding of the precious metals markets to develop strategies, products and services for clients looking to integrate bullion into their portfolios. In 2002, Nick launched BMG and BMG BullionFund, Canada’s only RRSP eligible open-end mutual fund trust that purchases equal dollar amounts of gold, silver and platinum bullion. Subsequently, BMG Gold BullionFund and the BMG BullionBars program were launched as part of the company’s growth initiative. The BMG Silver BullionFund was launched in 2016. Nick specifically designed all BMG products so they would not compromise any of the fundamental attributes of precious metals ownership: absolute liquidity, no counterparty risk, and no reliance on management skills. In 2011, BMG became an Associate Member of the London Bullion Market Association (LBMA). The only other equally accredited company in Canada is the Royal Canadian Mint, the Crown Corporation that produces Canada’s currency. Widely recognized as an international bullion expert, Nick has written numerous articles on bullion and current market trends that are published on various news and business websites. He has appeared on BNN, CBC, CNBC and Sun Media, and has been interviewed for many articles that have been published in leading business publications across North America, Europe and Asia. His first book, $10,000 Gold: Why Gold’s Inevitable Rise Is the Investor’s Safe Haven, is a must-read for investors interested in the concept of sound money, who will benefit from Nick’s insights into the portfolio preserving power of gold.

  gold, Nick Barisheff