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BMG Group's Nick Barisheff: Canadian regulators discourage investment in gold mutual funds
12:30p ET Thursday, February 28, 2019
Dear Friend of GATA and Gold:
Nick Barisheff of bullion dealer and metals fund manager BMG Group in Canada writes that the country's securities regulators have issued rules --
http://www.osc.gov.on.ca/en/SecuritiesLaw_ni_20161208_81-101-81-102_csa-...
-- that discourage investors from putting money in mutual funds holding gold. The rules, Barisheff writes, assign the monetary metal a risk rating of medium to high, even though the Bank for International Settlements now classifies gold as a risk-free asset like U.S. dollars and U.S. Treasuries.
Barisheff's commentary is headlined "Devastating Losses Are Coming" and it's posted at the BMG Group internet site here:
http://bmg-group.com/devastating-losses-are-coming-what-is-your-advisor-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Buy, Sell, or Store Precious Metals with Money Metals
Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --
https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, the Money Metals Depository --
https://www.moneymetals.com/depository
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