SOURCE: Bullion Management Group Inc.

Bullion Management Group Inc.

July 12, 2011 19:00 ET

BMG Offers Global Storage Diversification With Additional Vaults in Hong Kong and New York City

BMG Clients Can Now Elect to Store Bullion on an Allocated Basis in Secure Vaults Located in Asia, the US or Canada

TORONTO--(Marketwire - Jul 12, 2011) - Bullion Custodial Services Inc. (BCS), a wholly owned subsidiary of Bullion Management Group Inc. (BMG), is pleased to announce the addition of two storage facilities in Hong Kong and New York City for the custodial storage of its BMG BullionBars products. These new facilities complement the company's present storage facility in Toronto, Canada and provide clients with more storage locations worldwide.

"The move to offer bullion storage to our BMG BullionBars clients in three global money centres is in response to client demand for local and diversified vault locations," says Nick Barisheff, President and CEO of Bullion Management Group Inc. "In a period where global financial contagion and central bank defaults are being discussed openly in mainstream financial media, the option for storage of BMG BullionBars in local or multiple vaults holds immediate appeal for high net worth investors."

The BMG BullionBars program enables investors to purchase bars through BCS and BMG Authorized Bullion Dealers, and store certified, investment-grade, good delivery standard bars of gold, silver and platinum on an allocated and insured basis in the form of gold in 1-kilogram, 100-ounce and 400-ounce bars, silver in 1,000-ounce bars and platinum in 50-ounce bars. With each bullion bar purchase, title of the bar is passed to the purchaser and evidenced with a unique, registered Bullion Deed showing the owner's name, bar weight, assayer, purity and bar serial number. Further, the BCS Custody Agreement provides for allocated and insured storage.

In the event of bankruptcy or insolvency of the custodian, the holders of unallocated precious metals bullion rank as unsecured creditors. In contrast, the BMG BullionBars purchase and storage process ensures that title and undisputed ownership of the allocated bars is held by the purchaser. Bars in allocated storage do not form part of the custodian's assets and may not be leased into the market or used in any way. In the event of bankruptcy or insolvency, BMG BullionBars held in allocated storage are not subject to third-party claims.

The BMG BullionBars program meets the needs of investors seeking to purchase and hold individual bars of investment-grade good delivery gold, silver and platinum bullion.

About Bullion Management Group Inc.
Toronto-based Bullion Management Group Inc. is one of the world's fast-growing precious metals bullion investment companies, with over CDN$550 million of bullion investments under management.
BMG BullionFund is the world's first and only open-end mutual fund trust that invests directly in equal dollar amounts of allocated gold, silver and platinum bullion, and also qualifies for all registered plans in Canada. BMG Gold BullionFund is designed for investors seeking a convenient method of obtaining the benefits associated with holding physical gold in bullion form. For more information on BMG bullion investment products, please visit:; or call 852-2251-8843 or 1-888-474-1001; or email us at:

About Nick Barisheff
Nick Barisheff is president and CEO of Bullion Management Group Inc. Widely recognized as a North American bullion expert, Mr. Barisheff is an author, speaker and financial commentator who is a regular contributor to several investment newsletters and magazines, and often appears in the media to comment on precious metals, economics and the markets.

Contact Information

  • Contacts:

    Rob Para
    Vice President, Marketing
    Bullion Management Group Inc.
    Phone: +1 888-474-1001
    Email: Email Contact

    Jill McCubbin
    Conversation Architect
    market2world communications inc.
    Phone: 613-256-3939
    Email: Email Contact