Nov 30, 2010 6:00:00 PM
SHANGHAI, CHINA -- (MARKET WIRE) -- 11/30/10 -- CHINA GOLD & PRECIOUS METALS SUMMIT 2010 -- As risks to major currencies increase through competitive devaluation and quantitative easing programs in the West, Nick Barisheff, president and CEO of Bullion Management Group Inc. (BMG ), recommends that high net worth investors seeking a safe haven for their assets consider the merits of unencumbered physical bullion with no financial intermediaries or counter-party risk.
In a keynote speech he is giving today at theChina Gold & Precious Metals Summit entitled "Gold is Money: How valuable will the money of last resort become?", Barisheff states that physical bullion must be at the foundation of any intelligent investment portfolio, and predicts that if gold continues to perform as it has over the past 3 years then the gold price could rise to US$1,700-$2,000 per ounce in 2011.
"With currencies being deliberately compromised worldwide, owning gold, silver, and platinum bars is like having a real fire extinguisher instead of a paper picture of a fire extinguisher," says Barisheff. "Many of today's bullion investments really are paper proxies rather than physical bullion." The BMG BullionBars program provides clients with the opportunity to buy and hold physical bullion in Canada on an allocated and insured basis, with the option of on-demand delivery anywhere in the world."
Barisheff also points to Canada's excellent financial fundamentals to justify storing bullion in that country. Canada enjoys the security of the World's soundest banking system, according to theWorld Economic Forum . According to the International Monetary Fund , Canada is also projected to have the fastest economic growth among G7 countries for 2011, as well as the lowest debt-to-GDP ratio in the G7.
In a keynote speech he is giving today at the
"With currencies being deliberately compromised worldwide, owning gold, silver, and platinum bars is like having a real fire extinguisher instead of a paper picture of a fire extinguisher," says Barisheff. "Many of today's bullion investments really are paper proxies rather than physical bullion." The BMG BullionBars program provides clients with the opportunity to buy and hold physical bullion in Canada on an allocated and insured basis, with the option of on-demand delivery anywhere in the world."
Barisheff also points to Canada's excellent financial fundamentals to justify storing bullion in that country. Canada enjoys the security of the World's soundest banking system, according to the
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