Bullion Marketing Services Inc., the distributor of The Millennium BullionFund, today announced performance results for 2006 that it says clearly reflect accelerating performance for precious metals in comparison to virtually all other investment sectors.

The Millennium BullionFund’s class A units generated annual returns of 24.5% for the Canadian dollar units and 25% for the associated U.S. dollar units. These returns outpaced all major indices including the Dow Jones industrial average, S&P 500, Nasdaq composite index, S&P/TSX composite index, and the CRB commodity index.

Millennium Bullion Fund also outperformed the XAU and HUI mining indices and matched the performance of the TSX gold mining index.

With its additional infusion of silver and platinum bullion, Millennium BullionFund outperformed the spot price of gold, after payment of all fund expenses. Although the appropriate mutual fund comparison for Millennium BullionFund is money market funds, which generated average annual returns of 3.1% in 2006, Millennium BullionFund outperformed 94% of the 7,242 Canadian mutual funds tracked by Globefund.

“When bullion has outperformed almost everything over the last 12 months, it points to fears of rising inflation and non-confidence in both currencies and the economy in general,” said Nick Barisheff, president, Bullion Marketing Services Inc., in a news release. “Numerous vulnerabilities and imbalances, such as rising U.S. budget and current account deficits, rising U.S. money supply, derivatives vulnerabilities, and high debt levels are all contributing to a U.S. dollar decline and a rise in precious metals. It’s clear that gold, silver and platinum prices aren’t climbing in all currencies because the world is buying more jewelry.”