SOURCE: Bullion Management Group Inc.

Bullion Management Group Inc.

January 18, 2011 00:01 ET

Bullion Management Group Expands Into Hong Kong to Offer Canadian Gold and Precious Metal Investment Products to the Rapidly Growing Pacific Rim Markets

Ready to Meet Market Demand With Good Delivery Gold, Silver and Platinum Bars Held on an Allocated and Insured Basis

HONG KONG--(Marketwire - January 18, 2011) - Asian Financial Forum, Booth 17 -- Asian countries and individual investors are buying gold with enthusiasm and Bullion Management Group has expanded its operations by opening a Hong Kong office to meet increasing market demand. The company's physical bullion assets are stored in the vaults of ScotiaMocatta, a division of The Bank of Nova Scotia in Toronto, Canada. Canada enjoys the security of being named the World's soundest banking system for the last three years in a row, according to the World Economic Forum.

In 2010, China alone imported 209.7 metric tonnes of gold, which represents a 500% increase from the previous year but only a fraction of the country's official target of 6000 metric tonnes. China currently leads the world in gold production, and the country has passed legislation to facilitate mining and private gold ownership. 

To meet rising demand for bullion investment products, Bullion Management Group (Asia) Limited, a wholly owned subsidiary of Bullion Management Group Inc. has chosen Hong Kong, a well-established financial centre, as the location for its new office. Bullion Management Group products, including BMG BullionFund, Gold BullionFund and BMG BullionBars provide inflation protection, portfolio diversification and wealth preservation.

Bullion Management Group has appointed Nelson Leung, who held past positions with Franklin Templeton Investments, Dynamic Funds and State Street, to head its new Asian operation with a focus in Hong Kong and Greater China area. "Nelson will help build a team to maximize the growing investing opportunity in Hong Kong and China, as well as develop and manage strategic partnerships with some of the key participants in Asia to service high net worth clients," said Nick Barisheff, President & CEO of Bullion Management Group in Canada.

"Both mid-term and long-term trends are in place that indicate gold, silver and platinum will continue rising through 2011 and well beyond," said Leung. "Our CEO Nick Barisheff predicts gold could rise to between $1700 and $2000 per ounce in 2011. As he told the China Gold and Precious Metals Summit in December 2010, physical bullion must be at the foundation of any intelligent investment portfolio. 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."

Nelson Leung will be available for interviews at the Asian Financial Forum, Booth 17 the week of January 17th, and Nick Barisheff will be in Hong Kong the week of January 24th, where he will also be available for feature interviews and media appearances.

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 $CDN 488 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 unencumbered fully allocated gold, silver and platinum bullion which also qualifies for all registered plans. BMG Gold BullionFund is designed for investors with a convenient method of obtaining the benefits associated with holding physical gold in bullion form. The BMG BullionBars program meets the needs of investors seeking to purchase and hold individual bars of investment-grade gold, silver and platinum bullion. For more information on BMG bullion investment products, please visit:  or call 1-888-474-1001

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 regularly appears in the media to provide his view on precious metals, economics, and the markets.

Contact Information

  • Contacts:
    Rob Para
    Vice President, Marketing
    Bullion Management Group Inc.
    Phone: +1 888-474-1001, ext. 16
    Email: Email Contact

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