Issue link: http://resourceworld.uberflip.com/i/102869
bullion itself, it's crucial to demand documentation that legally transfers title to specific physical bars, and to not accept IOUs, paper proxies or derivatives. As a recent SEC Investor Bulletin on ETFs states, "Do not invest in something that you do not understand. If you cannot explain the investment opportunity in a few words and in an understandable way, you may need to reconsider the potential investment." Fifty thousand Polish citizens recently learned this the hard way after a fund called Amber Gold collapsed, owing them 80 million zloty (20 million euros). It is doubtful that any of the 50,000 people took the trouble to read and understand the documentation of Amber Gold – a fatal blow to their wealth preservation. To return to the central issue of QE3, history will show it to be the last stand of financialization. As with any addiction, monetary easing will work for its users until it doesn't, and when it stops working, there will be a catastrophic system failure. The important thing for investors to note is that every fiat currency regime in history, with no exceptions, has led to hyperinflation followed by a complete currency collapse. This time is not different. I believe that a reasonable five-year price objective for physical gold is US $10,000 an ounce, and I'd urge people seeking a deeper understanding of where gold is going to be to pre-order my book, $10,000 Gold: Why Gold's Inevitable Rise Is the Investor's Safe Haven, available from Amazon.com or your favourite bookseller. n Nick Barisheff is President and CEO of Bullion Management Group Inc., a bullion investment company that provides investors with a secure, cost-effective, transparent way to purchase and store physical bullion. Recognized worldwide as a bullion expert, Barisheff is an author, speaker and financial commentator on bullion and current market trends. His upcoming book, $10,000 Gold: The Inevitable Rise is the Investor's Safe Haven, will be published by John Wiley & Sons later this year. For information visit: www.bmgbullion.com. BUILDING A LEADING MID-TIER COPPER-GOLD PRODUCER Industry expertise and regional network in Latin America Exploring and drilling at El Roble mine, an underexplored Cu-Au VMS deposit in Colombia Fully funded 2012 exploration program 35% ownership by founding group TSX.V: ATY Resource World 2 Horizontal w 7.375'' x 4.7'' N O V E M B E R 1/20 1 2 www.aticomining.com www.resourceworld.com 15