A DELUSIONAL CENTURY

DELUSION

A false belief or opinion

laboured under the

delusion

that success was at hand

100 YEARS OF PAPER

MONEY COLLAPSE

US INFLATION 1665 - 2011

POPULATION EXPLOSION

1800 to date

TRICKY DICK

THE LAW OF DIMINISHING RETURNS

GLOBAL DEBT IS EXPLODING

WORLD DEBT & GDP

THE MOST PRODUCTIVE MAN IN

HISTORY - 2005

BENEFITS SUPERVISOR

SLEEPING by LUCIAN FREUD

EU’s MILK COW SLEEPING

EITHER WAY SHE IS …

Debt per Capita

US PROBLEMS GREATER

WHAT HAPPENS NEXT

• Austerity – a vote loser

• Deficits accelerate

• Unlimited MP- Money Printing

• US Dollar falls sharply & other currencies

• Hyperinflationary Depression

THE BEST SOLUTION

SUPER MARIO

YOU AIN’T SEEN NOTHING YET

HYPERINFLATION

DESTINY OF CURRENCIES

EMPEROR HAS NO CLOTHES

CONSEQUENCES • Interest rates & taxes surge

• Unemployment surges

• Asset prices fall – in real terms

• Exchange controls

• New political parties & leaders

• Pensions & social security collapse

• Social unrest - Crime

• Famine – population fall

• Geopolitical problems

WHO WILL BE SAVED

THE DESTRUCTION OF PAPER MONEY

Ounces of gold bought for $ 1,000

Investment Year Ounces Gold

Price

%

change

$1,000 1913 50 $ 20 -99%

$1,000 1971 28 $ 35 -98%

$1,000 1999 4 $ 250 -86%

$1,000 2002 3 $ 300 -83%

$1,000 2012 0.6

$1,750 -

THE DOW HAS LOST 82% IN REAL

MONEY - GOLD - SINCE 1999

PROPERTY vs GOLD

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

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

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

GOLD STORAGE

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

GOLD IN USD

2002-2012

19.5% CAGR

A STEALTH MARKET

SILVER in USD

2002-2012

22.5% CAGR

GOLD PRICE & GLOBAL QE

GOLD STARTING

PARABOLIC RISE

1900 - 2012