SOURCE: Bullion Management Group Inc.

Bullion Management Group Inc.

November 08, 2011 10:33 ET

Bullion Management Group Receives Recognition for Integrity Procedures: Becomes an Associate Member of The London Bullion Market Association

TORONTO--(Marketwire - Nov 8, 2011) - In its efforts to continually pursue the highest global standards for bullion purchase, storage, integrity and security for its clients, Bullion Management Group Inc. (BMG) is pleased to announce it has been accepted as an Associate Member of The London Bullion Market Association (LBMA). BMG is one of only two companies in Canada to achieve Associate Membership status.

LBMA is a wholesale, over-the-counter market for trading gold and silver. Its members include the majority of the central banks that hold gold, plus producers, refiners, fabricators and other traders throughout the world. LBMA's current membership stands at 133 companies in 20 countries.

"On behalf of BMG's present and future bullion clients, we are very proud of attaining the status of Associate Member," said Nick Barisheff, president and CEO of BMG. "This will further validate our high standards and business practices with regard to bullion purchases and storage of Good Delivery bars through the Canadian LBMA member bank that acts as our custodian. Our membership in LBMA will also enhance our professional relationships with financial advisors, wealth managers, institutional investors, pension fund managers and BMG Authorized Dealers globally."

About Bullion Management Group Inc.

Toronto-based Bullion Management Group Inc. is one of the world's fast-growing precious metals bullion management companies, with CDN$601 million of bullion holdings under management. BMG BullionFund is the world's first and only open-end mutual fund trust that purchases equal dollar amounts of unencumbered gold, silver and platinum bullion, and also qualifies for all registered plans. BMG Gold BullionFund is designed for those who want to obtain the benefits associated with holding physical gold in bullion form. The BMG BullionBars program meets the needs of clients seeking to purchase and hold individual bars of unencumbered Good Delivery Standard gold, silver and platinum bullion. For more information on how to purchase BMG bullion products, please visit: www.bmgbullion.com.

Contact Information

  • Media 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