A2A with Nick Barisheff

101

Nick Barisheff is president and CEO of Bullion Management Group in Toronto. He's also the author of the terrific book, "$10,000 Gold: Why Gold's Inevitable Rise Is The Investor's Safe Haven". As you might imagine, his background made him a great guest for our weekly webinar series.

Among the topics covered in this 44-minute presentation:

  • How did Nick arrive at the $10,000 gold price that his book suggests?
  • How does Nick's company source metal for his clients and his funds?
  • Is Nick currently seeing any shortages or otherwise having delivery issues?
  • What does Nick think of today's ECBQE announcement and the ongoing Currency Wars?

In the call, Nick mentions a number of links that can be used to access BMG's products and services as well as his book. They're all listed below:

I'm confident you'll enjoy this presentation and you;ll be well-served by giving it a thorough listen.

TF

  101 Comments

AIJ
Jan 22, 2015 - 4:17pm

USDX going ballistic..

.....well above the 90 level.

I hear the flapping wings of a black swan approaching.....

Chuck Diesel
Jan 22, 2015 - 4:31pm

Is the dollar rally sustainable?

Moves like this often have an "equal but opposite" resolution. I'm not saying it can't keep going higher, but when this thing turns, it's going to be fugly. Keep in mind, this is a monthly chart

SS121
Jan 22, 2015 - 4:37pm

that was a great a2a!

and great questions

so Nick is IN the actual big gold market and he says gold is available. yet the media and those who are NOT IN the actual gold market, but only talk about it (Rickards, koos, et al) constantly tell us that the vaults are empty and all the gold went to China.

Nick also tells us that physical demand is high while paper investment instrument demand is low. And that more gold is going out of the physical distro lines than is being mined...

That a2a was like drinking out of a firehose!! great info! ...my head still hurts.

I'm now more convinced than ever that the PBOC hasn't got "squadooosh" AND they (Central Bank owners) are steadily pumping CB gold into the distro process to meet public demand.

Great Job Mr TF!

Keg
Jan 22, 2015 - 4:45pm

Vacation planning

Might be a good time for Americans to vacation in Europe.

Marchas45
Jan 22, 2015 - 4:45pm

Hell I Give Up

I Don't Know Who To Believe Now, Everyone Has An Opinion. Guess I'll stick to my inner feelings as their telling me to Keep Stacking

Marchas45
Jan 22, 2015 - 4:47pm

@Keg

LMAO I was just looking at flights to Scotland for November this year as the dollar is going crazy. Like Minds Think Alike. Keep Stacking

silver66
Jan 22, 2015 - 4:57pm

I thought his comment

about the IMF SDR's and China needing to get to 6% of it's reserves in gold before a reset happens was very interesting. If they announce 6000 tons does any Turdite know what the percentage will be?

Thanks for a great A2A

He is even more interesting at a pub table over a few beverages

Silver66

joeblack
Jan 22, 2015 - 5:05pm

Still hanging around $1300

....for options expiration.

Can they keep the lid on until Tuesday?

Jan 22, 2015 - 5:14pm

Clarification

Just because Nick hasn't experienced delivery delays for his orders through Scotia in Toronto does not mean that delivery issues and "empty vaults" don't exist in London.

These are two, entirely different matters with significantly different circumstances. First and foremost, Nick is dealing in ounces and kilos while London is dealing in metric tonnes. Additionally, the delivery/availability situation in Canada is likely quite different from England and Switzerland.

Again, I would caution anyone from jumping to conclusions. ALL anecdotal evidence must be considered.

joeblack
Jan 22, 2015 - 5:20pm

Yep

However yesterday saw a significant drop in the OI of the Feb15 $1300 call...from 13,000 to 6,490. Cut in half! While there are still 6,936 open at the $1250 level.

In puts, they'd definitely like to keep it above $1250 as there are still 4,398 open there.

Though $1250 is still the "best" area for The Evil Ones, current fundamentals may preclude their interests. Getting back to $1250 will be tough, especially with ECBQE behind us. Keeping gold pinned near $1300 not so much and rigging down to the $1270-1280 area is likely doable, too.

https://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements...

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