SOURCE: Bullion Management Group Inc.

Bullion Management Group Inc.

January 11, 2011 11:30 ET

Gold Outlook 2011: The Complete Text and Charts of Speech by Bullion Management Group CEO Nick Barisheff

TORONTO--(Marketwire - January 11, 2011) - In a speech given this week in Vancouver and last week in Toronto and Montreal titled "Gold Outlook 2011: Irreversible Upward Pressures and the China Effect," Bullion investment expert Nick Barisheff, CEO of Toronto-based Bullion Management Group Inc., outlined his outlook for gold and precious metals for the coming year. Barisheff's speech details entirely different mindsets between investors in the Middle East and Far East in contrast to the West, predicts a price of US$1,700-$2,000 per ounce in 2011, and is now available online from Bullion Management Group's Web site with all text, charts and graphs.

"Most in the East see gold as the protector of wealth. In the West, we view gold as something akin to the grim reaper," says Barisheff. "Western economists treat the act of buying gold as an admission of defeat and their attempts at disparaging gold's steady rise became even more tenuous than ever this past year, presenting arguments such as: financial tightening will cause commodity prices to fall, or the gold stocks haven't confirmed the gold bull. Perhaps most desperate argument of all -- the economy is on the road to recovery."

Barisheff's speech, given as part of the 2011 Investment Outlook Luncheon Series presented by the Investment Industry Association of Canada, details three short to mid-term trends that are likely to boost the price of gold and precious metals in 2011. Based on Barisheff's recent trips to the East, it also explains how a different investment philosophy drives bullion purchases there.

Nick Barisheff is available for media interviews this week and throughout 2011 on topics related to bullion investing, gold price dynamics, the fundamental nature of gold as money and the economy.

About Nick Barisheff
Nick Barisheff is president and CEO of Bullion Management Group Inc., a precious metals bullion investment company which provides investors with a cost-effective, convenient way to purchase and store physical gold, silver and platinum bullion. 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.

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 473 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: www.bmgbullion.com

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