June 7th, 2019(S14-E699)Featured GuestsNick Barisheff & Dr. Chris Martenson Guest order by seniorityPlease Listen HereInterview RecapNick Barisheff returns to the show, head of Bullion Management Group (BMG) and author of $10,000 Gold.BMG announced a new hedge fund for pension funds and accredited investors to prepare investors for financial calamity.Nick Barisheff cautions investors to prepare for a market deluge rivaling the 2009 crash in depth and severity.BMG notes that 19 years passed before investors returned to breakeven after the NASDAQ year 2000 dot.com crash.Investors may never recoup their investments as the meltdown may mark the end of modern financial markets.Our guest notes a triple-bubble in real estate, US equities and (P/E ratio, Tobin's Q-ratio, margin debt) and bonds.Gold aficionados will rejoice on news that the Bank of International Settlements rates gold on par with US dollars.This could temporarily reverse the negative correlation sending both gold and the Greenback to lofty heights in tandem.The new Lehman Brothers / Bear Stearns tipping point of the chaotic economic system could be Deutsche Bank (DB).The huge levels of toxic debt on its balance sheet could mark the first domino to fall, resulting in a cascade of bank defaults.Without El Dorado-like gold mines, the limited supply and insatiable demand promises exciting times for gold investors.Case in point, Microsoft's market cap could purchase nearly the available gold worldwide.If only 5% of the $300 trillion in bubble ridden global equities / bonds / paper assets were to seek out gold.5% is likely a lowball figure, given the plethora of leveraged financial instruments available.The duo caution investors from seeking financial shelter in paper instruments as many could offer little solace.Bullion stored with serial numbers on the bars or the PGMS coins remains the safest option.Dr. Chris Martenson of PeakProsperity.com, author of Prosper! notes the global "everything bubble."Virtually every asset class was inflated by profligate monetary policies and various fiat schemes.The global economy could be on the cusp of a 2nd Great Recession due in part to protectivist trade barriers.Fed policymakers may have lost their favorite method of ringing liquidity from the global financial system.The perpetual debt accumulation system may mark the tipping point of galloping inflation.Consumer's experience ever declining purchasing power and higher cost of living expenses.The largest domestic economic expansion in history with new home starts robust.The key economic leading indicator suggests that economic conditions might surprise naysayers once a bottom is in place.Investors who listened to Goldseek.com Radio enjoyed 200% returns on their Ethereum investment in the past 5 months.The duo concur that every portfolio should include a 1-3% investment in Bitcoin, Ethereum and a broad basket.Crypto assets boost overall portfolio beta, enhancing the safe haven appeal as well as participating in the Internet 2.0 digital revolution, the currency of the future.
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