BullionFund outperforms TSX, Dow and spot price of gold

    TORONTO, Jan. 30 /CNW/ - Bullion Marketing Services Inc., distributor of
The Millennium BullionFund, today announced performance results for 2006 that
clearly reflect accelerating performance for precious metals in comparison to
virtually all other investment sectors.
    The Millennium BullionFund's class A units generated annual returns of
24.5 percent for the Canadian dollar units and 25.0 percent for the associated
US dollar units. These returns outpaced all major indices including the Dow,
S&P500, NASDAQ, TSX, and the CRB commodity index. The Millennium BullionFund
also outperformed the XAU and HUI mining indices and matched the performance
of the TSX gold mining index.
    With its additional infusion of silver and platinum bullion, The
Millennium BullionFund outperformed the spot price of gold, after payment of
all Fund expenses. Although the appropriate mutual fund comparison for The
Millennium BullionFund is money market funds, which generated average annual
returns of 3.1% in 2006, The Millennium BullionFund outperformed 94% of the
7,242 Canadian mutual funds tracked by Globefund.
    "When bullion has outperformed almost everything over the last 12 months,
it points to fears of rising inflation and non-confidence in both currencies
and the economy in general," said Nick Barisheff, President, Bullion Marketing
Services Inc. "Numerous vulnerabilities and imbalances, such as rising US
budget and current account deficits, rising US money supply, derivatives
vulnerabilities, and high debt levels are all contributing to a US dollar
decline and a rise in precious metals. It's clear that gold, silver and
platinum prices aren't climbing in all currencies because the world is buying
more jewelry."

    Other annual compounded rates of return are as follows:

                                       C$          US$
    3 years:                          10.4%       14.2%
    Since inception in 2002:           6.7%       14.2%

    "Given that bullion provides the ultimate in wealth preservation during
economic downturns and rising inflation, investment portfolios should now be
rebalanced to include a significant precious metals allocation," Barisheff

    The Millennium BullionFund is the first and only RRSP qualifying,
open-end mutual fund trust that holds equal amounts of gold, silver and
platinum bullion. The Millennium BullionFund's investment objective is to
provide a secure, convenient, low-cost, low-risk alternative for investors
seeking the benefits of capital preservation, appreciation, portfolio
diversification and hedging that only bullion ownership can offer. Bullion
holdings are fully insured, and stored in Toronto under a custodial agreement
with the Bank of Nova Scotia on a fully segregated, allocated basis.

    "Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. The indicated rates of return are the historical annual compounded
total returns including changes in unit value and reinvestment of all
distributions and does not take into account sales, redemption, distribution
or optional charges or income taxes payable by any securityholder that would
have reduced returns. Mutual funds are not guaranteed, their values change
frequently and past performance many not be repeated."

For further information:

For further information: Bullion Marketing Services Inc., Toll-Free
1-888-474-1001 x 15, E-mail info@bullionfund.com; Website www.bullionfund.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890