Nick Barisheff: Gold Heading Higher By Year End
Bullion Banks Have A Gold Short Problem
This Financial Sense Newshour program is available only as a premium, paid "FS Insider" release.
For advance notice of release of premium, paid "FS Insider" content or to purchase a monthly or annual subscription to "FS Insider" content, go to www.financialsense.com/subscribe.
Jim welcomes Nick Barisheff, CEO at Bullion Management Group. Nick sees gold moving higher by the end of the year, as Germany begins repatriating gold, and central banks have leased out massive amounts of gold, which Nick believes is the elephant in the room. He also notes that a number of bullion banks are sitting on large short positions in gold. Nick sees the current situation in simple terms; buy when prices are down.