by Chris Powell
Dear Friend of GATA and Gold:
In his new essay, the CEO of bullion fund manager BMG Group, Nick Barisheff, recounts his long struggle with not only the Ontario Securities Commission but also financial advisers and gold and silver mining companies to gain support for his company’s gold and silver bullion funds.
Summarizing his investment outlook, Barisheff writes: “To fully understand gold, you need to know that gold is money, and everything that is referred to as money is actually just debt.
“If you understand that gold is money and you keep it in a safe or a vault, you need to evaluate the risk/reward relationship of taking your money — gold — out of the vault and investing it by giving the proceeds to someone else.