Nick Barisheff, founder of Bullion Management Group and author of bestseller, $10,000 Gold, returns to the show, noting signs of "Stagflation... The Perfect Storm for Gold..."
If inflation were tabulated circa 1980, the present rate would be much higher than official tallies. Just before Michael Burry (The Big Short) shuddered his Twitter account, he expressed concerns over hyperinflation. In similar fashion, Jack Dorsey, founder of Twitter, echoed hyperinflation sentiments, just before stepping down from his position. If our guest's forecasts are correct, $10,000 gold may merely be the opening salvo of an explosive new bull market, for PMs.
Nick Barisheff draws an intriguing distinction among 3 key precious metals, gold, silver and platinum:
1. Gold is chiefly a monetary metal, with jewelry demand and rarely used for industrial purposes.
2. Silver is both a monetary metal and an industrial metal.
3. Platinum ranks at the opposite end of the spectrum, chiefly an industrial metal with some jewelry usage.
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
