Every week, there are new warnings sounding about an ever increasing wobbly economy? Stocks are near record highs, and so is the global debt.
So, what do you do?
Nick Barisheff, CEO of Bullion Management Group (BMG), says, “In the U.S. dollar since 2000, gold is up an average of 9.4% per year. In some countries, it’s up 14% and so on.
If you take the overall average of all the countries, the average increase is 10% a year. Every time Warren Buffett is on CNBC, he seems to go out of his way to disparage gold, but if you look at a chart of Berkshire Hathaway and gold, gold has outperformed Berkshire Hathaway.
Everybody worships Warren Buffett as the best investor in the world, and gold has outperformed his fund in U.S. dollars . I would not disparage gold if I were him. I’d keep quiet about it.”
There is a first for Barisheff, too, in this financial environment. He says for the first time ever, he’s “100% invested in gold” as a percentage of his portfolio. He says the bottom “is in for gold,” and “the bottom is in for silver, too.”
Barisheff contends with the record bubbles and the record debt, both gold and silver will be setting new all-time high records, as well, in the not-so-distant future.
- Source, USA Watchdog
