USAWatchDog’s Greg Hunter has released an excellent interview with Bullion Management Group’s CEO Nick Barisheff.
Barisheff manages more than $500 million in physical gold, silver and platinum for BMG. He has a new book coming out titled “$10,000 Gold.” You think that is an overly bullish prediction? Not if there is hyperinflation. Barisheff says, “If we get into hyperinflation, $10,000 will be a conservative estimate.”
How likely is hyperinflation? According to Mr. Barisheff, “There’s never been a fiat currency that didn’t end in hyperinflation and then complete collapse, not one in all of history.” He expects gold to hit “$1,900 an ounce by the year end.”
Gold prices will rise with U.S. debt levels, and they are skyrocketing. Barisheff says, “If you plot a chart, the price of gold compared to the U.S. debt is almost a perfect correlation.”
Greg Hunter’s full interview with Nick Barisheff below: