Published on Gold Anti-Trust Action Committee (http://www.gata.org)

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

By cpowell
Created 2019-02-28 17:30

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-... [1]

-- 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-... [2]

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [3]


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... [4]

-- 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 [5]

-- or by calling 1-800-800-1865.

Meanwhile, the Money Metals Depository --

https://www.moneymetals.com/depository [6]

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [7]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [8]