Canada’s first open-end precious metals bullion fund for Canadian mutual fund Investors has been launched. The Millennium Bullion Fund allows Canadians to invest in and hold gold, platinum and silver bullion inside LIRAs, RRIFs and RRSPs for the very first time, says Nick Barisheff, President, Bullion Management Services Inc.

The Millennium Bullion Fund differs from other open-end precious metals funds, says Barisheff, because it invests directly in physical bullion, not shares.

“Millennium Bullion Fund offers lower volatility and less risk of loss due to geopolitical unrest, government seizure, hedging, investment default, poor investment management, and mine failure. The fund provides excellent investment liquidity and allows investors to invest directly in bullion markets at spot prices,” he says.