Silver Lining For Precious Metals In 2008

    Fundamentals continue to show a bull market in gold, silver and platinum

    TORONTO, Jan. 7 /CNW/ - At the Empire Club's 14th Annual Investment
Outlook meeting on January 3, 2008, bullion market expert Nick Barisheff,
president of Bullion Management Group, which manages The Millennium
BullionFund, gave a keynote speech on the 2008 Investment Outlook for Precious
    "As we begin 2008, one thing is undeniable," Barisheff stated in his
address. "The gold price has been steadily rising in all currencies since the
summer of 2005 and that rise is now accelerating. Since climbing precious
metals prices are an accurate indicator of future inflation, investors would
be prudent to structure their portfolios to minimize the effects of rising
inflation, and protect their wealth from systemic financial risks."
    He continued by stressing that as the prices of gold, silver and platinum
continue to rise, mainstream investors will reallocate a portion of their
financial assets, which now exceed US$187 trillion, to precious metals. Since
aboveground supplies of gold, silver and platinum total less than US$4
trillion and there is only US$600 billion in privately held gold bullion,
substantially higher bullion prices are inevitable.
    "When that reallocation begins, gold at US$1,100 per ounce will look like
a bargain," Barisheff concluded.
    The Empire Club's Annual Outlook, structured to include three industry
experts who cover domestic and international financial markets, is broadcast
live on Rogers TV and the Canadian Public Affairs Channel (CPAC). All
addresses are published in a yearbook that is distributed to Empire Club
members and to University, secondary and elementary school libraries across
    Nick Barisheff is the founder and president of Bullion Management Group
Inc, a bullion investment company that provides investors with a
cost-effective, convenient way to purchase and store physical bullion. Widely
recognized as a Canadian bullion expert, Barisheff has written and been quoted
in numerous articles on bullion and current market trends, and is interviewed
monthly on Financial Sense Newshour, an investment radio program hosted in
California by Jim Puplava.

    For more information on Bullion Management Group, please visit:

    To schedule an interview or for a full copy of Nick Barisheff's speech,
please email:

    The Millennium BullionFund(TM) is Canada's first and only open-end Mutual
Fund Trust that invests directly in equal proportions of unencumbered, fully
allocated gold, silver and platinum bars and qualifies for all registered
plans. The 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 offers.

For further information:

For further information: Corine Hiebert, PR & Communications Manager,
Bullion Management Group Inc., (905) 474-1001 x 33,

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