Investing News Network, Released on 1/19/22 (Recorded on 1/12/22)
*This interview was filmed on January 12, 2022
US inflation data released last week shows that the Consumer Price Index jumped 7 percent in 2021, marking the biggest 12 month increase since 1982. But do official statistics tell the whole story? According to Nick Barisheff, CEO of BMG Group, the answer is “no.” Speaking to the Investing News Network, he pointed out that if inflation was calculated the way it was in 1980, it would be at 15 percent. He also noted that inflation is happening at a time when GDP is declining. “(With) the two of them combined we get stagflation,” said Barisheff, adding, “That’s the worst possible combination.
0:00 – Intro
0:19 – What’s the real deal on inflation?
2:41 – Holding gold more important than ever
5:36 – Fed between a rock and a hard place
7:18 – Is a market crash inevitable?
11:25 – Central bank gold-buying trends
15:36 – Gold and silver prices in 2022
21:08 – Sit out the crash, buy at the bottom
24:58 – Outro
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.