18. WHAT HAPPENS NEXT
• Austerity – a vote loser
• Deficits accelerate
• Unlimited MP- Money Printing
• US Dollar falls sharply & other currencies
• Hyperinflationary Depression
30. WEALTH PROTECTION
• Asset values will be destroyed – real terms
• Nobody unaffected
• Privileged few – assets to protect
• Avoid
– Counterparty risk
– Leverage
• Own
– Physical gold (silver) Outside financial system
– Farm land
31. THIS IS NOT WEALTH
PROTECTION
• Gold / Silver ETFs in banking system
• Unallocated or allocated Gold/Silver in bank
• COMEX Gold
• Futures Gold
• Bank safe deposit box
• Storing gold at home
32. Matterhorn Asset Management
• Wealth preservation
• GoldSwitzerland
– Specialises in physical Gold and Silver bullion
– Stored outside the banking system
– Gold/Silver bars owned directly by investor
– Personal access to metals
– Ultimate form of wealth preservation
35. PHYSICAL PRECIOUS METALS
• 100 x more paper than physical - PONZI
• Gold: 600 – 700 tons daily
• Silver: 5,000 tons daily
• No physical to back up
• Do Western Central Banks still have gold?
• Bank gold encumbered
• Don’t hold gold within banking system
36. GOLD IN USD
A STEALTH MARKET
2002-2012
19.5% CAGR