BMG Group's Nick Barisheff: Canadian regulators discourage investment in gold mutual funds

Section:

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



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