REAL GOLD AND SILVER

THE ULTIMATE WEALTH PROTECTION

IN A HYPERINFLATIONARY WORLD

REAL OR FAKE

THIS IS NOT WEALTH PROTECTION

• Gold / Silver ETFs

• Unallocated or allocated Gold/Silver in a bank

• COMEX Gold

• Futures Gold

• Bank safe deposit box

• Storing gold at home

• Part ownership in gold bars

PAPER GOLD vs PHYSICAL

• Most gold trading is paper gold

• Many gold ETF’s don’t hold physical

• Central bank lending of gold – encumbered

• COMEX cannot deliver

• Market will not trust paper gold

• Gold market will become physical

THE DESTRUCTION OF PAPER MONEY

Ounces of gold bought for $ 1,000

Invested Year Ounces Gold Price % change

$1,000 1911 50 $ 20 -99%

$1,000 1971 28 $ 35 -98%

$1,000 1999 4 $ 250 -86%

$1,000 2002 3 $ 300 -83%

$1,000 2011 0.6 $1,850 -

THE VIRTUES OF GOLD

• Gold is a medium of exchange

• Gold cannot be printed

• Gold has no liability attached to it.

• Gold is not one country’s currency

• Gold is a store of wealth

• Gold is indestructible – Virtually all gold ever produced is still in existence

• Gold has a high value to weight ratio

GOLD SUPPLY

• Production static

• 2,500 tons p.a. production - $ 130 billion

• 7 x more mined than found annually

• Gold bullion privately held - $ 1.5 trillion

• 0.8% of world financial assets – 25% average

• Increase in demand = higher prices

514,000 oz of Rock = 1 oz Gold

GOLD IN US DOLLARS

DOW GOLD RATIO

SILVER

• Poor man’s gold

• Small market $ 25 billion production

• No silver stocks

• Bi-product

• Gold silver ratio

• Price manipulation

• Major potential – but very volatile

SILVER IN US DOLLARS

DOW SILVER RATIO

GOLD SILVER RATIO 650 YEARS

GOLD SILVER RATIO 1998-2011

WEIMAR GOLD SILVER RATIO

XAU GOLD/SILVER INDEX vs GOLD

HUI / GOLDBUGS INDEX vs GOLD

Matterhorn Asset Management • Wealth preservation experts

• Based in Zurich, Switzerland

• Wealth protection for high net worth individuals

• Specialise in physical precious metals

• Advised clients in 2002 to buy physical gold at $300 for up to 50% of portfolio

• Minimum investment $ 1.5 million

GOLD STORAGE

GoldSwitzerland • Specialises in physical gold and silver bullion

• Stored outside the banking system

• Gold bars owned directly by investor

• Personal access to your own gold / silver

• Not paper gold, not fractal ownership

• Ultimate form of wealth preservation

• Minimum investment: – GOLD $ 150,000

– SILVER $ 200,000

SWITZERLAND AFTER UBS

• Banking secrecy virtually gone

• FATCA – foreign account tax compliance act

• Some Swiss banks still accept declared US funds

• Stable political system

• Stable economy

• Strong currency

• Exchange controls – critical to act now

Geneva Jet d’eau Height:140 m

All refined gold in the world Height: 20 m