Gold is resuming its monetary role as the anti-currency; now is the time to invest
- Gold bull market will continue in 2010 says Bullion Management Group -
Barisheff made clear an important fact for investors: "The current pull-back from the recent highs of
With the financial industry focused on gold, the question is "How high could the price go?" "Many have noticed that fund managers are starting to buy gold as long-term insurance. By one estimate, if the world's pension funds and hedge funds moved just 5% of their assets into gold, it would trade at
Barisheff went into detail about the factors driving the gold price, and why it will stay elevated for the foreseeable future.
"For the first time in two decades, central banks are net buyers rather than net sellers of gold," stated Barisheff during his speech to the Empire Club in
"Although the central banks immediately rejected these rumours, the market treated their denials as a clear admission of guilt and gold broke through year-long resistance at
Barisheff also discussed the growing imbalance between paper proxies, gold derivatives and physical bullion. In the future, the price of paper gold and the price of physical gold could divide.
"This isn't a typical bull market. Until governments around the world stop creating massive amounts of new money, the price of gold will continue to rise," says Barisheff.
BMG BullionBars provide the utmost in privacy and protection in order to meet the most rigorous standards of wealthy clients who demand an unbroken continuance of discreet generational wealth. BMG's high level of commitment to our clients' privacy and security forms the core of our approach to business. For more information on both products visit: www.bmgbullion.com.
SOURCE Bullion Management Group Inc.
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