edelmetallmesse = gold bugs festival 2014

next gold bugs highlight finished in munich ~ pictures + insights ~ BUY physical gold + silver and crash the fraudulent fiat money system NOW :-)

2015 = year of the goat

https://plus.google.com/u/0/photos/104361802399681315552/albums/6084667446830338849

gold / silver / money is used to exchange goods and services

goldmoney's james turk quotes famous father and his even more famous son:

son ... warren buffett

father ... howard buffett

an easy question: who is wiser, the father or his son? ... or is warren buffett only a slave of 'the system' and is not telling the truth?

precious metals fair in munich

munich, new city hall

a great event, as always :-)

• day zero ~ a passion lounge with zimtu capital in the office of cm equity group in the very center of munich ~ of course ive welcomed the chance 2 walk a little bit through the streets of munich and yes, after 20+ years in munich ive visited the city hall's tower for the very 1st time (shame on me, i know) ~ city hall pictures 
• day 1 ~ the key speaker 2day was (billionaire + gold bug) eric sprott ~ sooo many booths of sooo many companies fighting for attention of investors + newsletter writers ~ many busy bullion dealers have sold sooooo much (physical!) gold + silver i believe ~ low quality fast food in between ~ many interesting presentations (at 3 stages) ~ coin dealer's pro aurum reception in the evening
• day 2 ~ the key speaker was james turk, ive visited also few other presentations and talked to the company representatives of my portfolio's stocks i didnt manage to on the 1st day :-)

miranda gold's CEO ken cunnigham + me ... btw, miranda is my oldest (still independent) stock in my portfolio, currently struggling like hell ;-(

few more pictures from the gold+silver+commodities show? just move here + enjoy

any investment ideas? well i will prolly post few comments abt some companies ive been impressed most (and bought few shares) when i will have some time to do so and link that stories in the list below. do u agree, my dear?

• amerigo resources ~ soooo undervalued, profitable, dividend paying chile based Cu+Mo company
• baha mining ~ they havent been at the show, i just spoke to a buddy of mine abt them :-)
• cap-ex ventures ~ bad, bad timing ~ 3 weeks ago was the price justr 1/3 of 2days level :-(
• colt resources ~ tungsten + gold in portugal, a rob mcewen company
• dynasty metals & mining ~ highly recomended by one of the magazines out there
• endeavour silver ~ one of my all-time-favorites
• equitas resources ~ copper, copper, copper ... btw, by my purchase of few stocks on day zero (wednesday) ive increased the value of the company by CAD 500,000 ... yep, i was the only buyer and moved the stock price 10% higher  ... hmmmm, strange junior mining stocks ;-)
• 1st majestic silver ~ 
• focus metals ~ graphite & graphene in canada
• focus minerals ~ my dear australian cannibals
• gogold resources ~ bad, bad timing ~ yesterday was the stock CAD 1.33 (ask price) but i hadnt any money on my account, today CAD 1.54 :-(
• orex minerals ~ new project of orko silvers mngmt
• ovoca gold ~ gold in russia
• rio alto mining ~ gold in peru
• rye patch gold ~ gold in nevada, highly recomended by one of the magazines out there
• scorpio mining ~ my biggest portfolio position
• tamaka gold ~ private company, going to go publich in late december / early january
• etc

btw, i didnt get a picture with the key speaker this time (canadian billionaire eric sprott) cos i didnt like to wait for a break between his countless interviews  ... and yes, billionaires are fellows like you and me, they just patiently answer questions and try to explain their attitude 

GATA? GOLD!

bill murphy + james turk + peter boehringer = great presentation in munich yesterday :-)

source: http://gata.org

bill murphy (GATA.org) speaking + peter boehringer (DEG) sitting

james turk (goldmoney.com)

folks, gold is abt libertarianism, freedom, free markets, austrian economy, honest money, peace, minimization or even elimination of fraudulent systems like paper money / bailouts / quantitative easings / corrupt governments / states + their small dirty central banks and the like, u know? well, the evening was abt all of that and of course abt meeting other paranoid fellow gold/silver bugs, few other well known gold scene folks like dietmar siebholz + dimitri speck, few old buddies and some new folks as well ...

what did i liked most? well, it was again james turks speach ... even if i already know the content of his slides backwards, i simply like the clear and easy to understand messages of that really gifted public speaker ;o)

on the other side, there was too much upset and too much time spent on the 'evil' manipulation (to the DOWNSIDE) of the gold and silver markets by the bad, bad, bad bullion banks, FED, FEDs buddies like jp morgan chase, abt the recent CFTC hearings, etc ... i cant hear that stuff any longer, do u believe me? gold is a political metal so of course there is some manipulation out there, but e.g. the currency + bond markets are manipulated much much more esp. by the corrupt central banks via the official 'interventions' which means buying/selling huuuge amounts  of the given currency (= direct manipulation) or by willfully setting the interest rate for a given currency (= indirect manipulation), so what? if the demand for physical gold + silver would be stronger the price of gold + silver would be higher! it is really as simple as that, u see? well, the futures markets generate 'paper' demand for the underlying commodity (gold, silver, wheat, etc) which is not met in the physical market and thus are imho the future markets itself the manipulators of  the 'paper commodity' prices to the UPSIDE, of course!

guys, anyway, lets go buy some cheap 'manipulated gold+silver and say thx 2 evil manipulators like JPM & Co for providing this huuuuge buying opportunity, will u?

btw, im involved in the silver market with many ups and downs since 2005. the price was $7 per ounce back then .... the price 2day? $48 per ounce, which is +600% in 6 years!!! of course u can bother your calculator if u wanna some more precise numbers, im both too lazy and too stupid to get it correctly, anyway. what the hell is the price of gold? $1,563 per ounce = all-time-high, reached in the late trading hours on a friday, the day before weekend!!! (again 3 exclamation marks in order 2 show ya the importance of this 'event') ... what abt the production costs ('cash costs') per ounce of silver? the most silver producers out of mine stock portfolio produce between -6 (silvercorp metals) and +13.5 (u.s. silver in 2010) dollars per ounce, my average mexican producers get the silver for $7 per ounce out of the ground, i think. pls dont think the 'minus' 6 was a mistake, it wasnt. the silvercorp guys sell their zinc, lead, copper and other stuff, earn 6 bucks and on top have all silver 4 free ... what abt the silver price manipulation to the upside? lol

what was the most valuable insight 4 me? well, i really enjoyed speaking in-depth to a fellow junior mining companies investor i know for years .... and i think now i know why are our favorites and the whole portfolios struggling like hell despite the record high gold / silver / copper prices and why both of us fear the 2008 crash could happen again :-(  ... the reason is so simple and so sad at once ... btw, the most real reasons are really simple ... well, here we go: my buddy has no additional money to invest and neither have i :-((( ... got it? the 'old' investors have no money left and there are for sure no new investors out there! logical, isnt it? no wonder that on a normal or even on a strong trading day stay the share prices of the junior miners flat and on a weak day they are cheap like an unwanted pet. OMG!!!!! (5 exclamation marks, no comments)

pls dont bother me with questions abt the weak performance of industry leaders like barrick, newmont, gold fields, kinross, goldcorp, yamana ...  i think, all of them are below their 2008 highs. folks, the gold price was $700-$800 then, i believe. shame on them!!! imho they will not advance too much until they change their shareholder-damaging financing via convertible bonds (all institutional investors sell the stock if the convertible is some 5-15% above their purchasing level) and/or start paying ATTRACTIVE dividends for us owners ... btw, im going 2 sell few of them in the next market upswing and thus vote 'no' with my money to teach them a lesson, u know?

cheers!

.... finally, pictures uploaded: gata @ picasa

ps: sorry 4 that much senseless gossip up there! of course u shouldnt get 10,000 bad dreams abt gold / silver / money / state defaults / monetary reforms / riots in the street and the like! just live  ... and let live ... and pls do some good 2 humans and nature => an excelent 30 seconds eckhart tolle video included, a great message, enjoy ;-):

(addendum june 2011 ~ link 2 bill murphys presentation 4 hard core gold/silver bugs, 22 minutes, but im not going 2 hear it. why not? first cos ive been there and thus heard it already, 2nd because im not sure abt the good quality of recording ... well, bill spoke sometimes too quiet ... here we go: bill murphy in munich )

gold price in 2013? hmmm, maybe $8,000? (james turk)

addendum december 2012: outlook 2013 - 2015, enjoy :-)

~~~

james turk + me

every gold bug + every gold opponent knows we can't eat gold, of course not ... buuuut we could drink the wine from the gold bar case ... lol

james turk + peter boehringer

what abt a gold price of $8,000 in 2013/2014 and a dow-gold-ratio of 1 : 1? just crazy fantasy, you think? well, that's the number james turk (founder + CEO of www.goldmoney.com) gave barron's in an interview in 2003, i think (i'm too lazy to google the web right know 2 provide a link, so pls just believe it or not ~ it's up 2 u ... LOL). well, james repeated that yesterday in his great presentation on the germany's gold bugs club (DEG) meeting in one of the oldest and prolly the most famous munich's pub/restaurant hofbräuhaus yesterday. he thinks also abt 1 oz gold = $20,000 = DJIA if the FED continues to print money like crazy :)

btw, what's my guess? i think 1 oz gold could climb up to $5,000 within few years, of course only if the poor USD survives that long! why? well, there is already the american buffalo 1 oz gold coin with face value $50 (and a 1 oz silver 'american eagle' coin with the face value of $1) out there, you know? got it? at 1oz gold = $5,000 we just have to remove two zeros (hell, that's easy!) and we have the new gold price in new dollars $50. got it again? 1 oz gold = $20 ... few years later ... $35 ... few years later ... $50 ... damn! that's what i call continuity in fiscal policies!

any other ideas/topics?

• gap between u.s. government spending and u.s. tax revenue getting bigger and bigger (exponential deficits!)
• usa + europe are heading 2 argentina like hyper-inflation of deposit accounts
• fear index
• gold-silver-ratio
• dow-gold-ratio (read my former blog post for more information here)
• accumulate gold + silver instead of speculate with them (unless you're a gifted daytrader or the like)
• gold + silver is still cheap + undervalued
• bavarian food + bavarian beer + pretzels + much more :-)

folks, i will prolly enhance few details later, so let's close the blog post for now with 2 james turk quotes + few pics, ok?

1. hope 4 the best, plan 4 the worst
2. buy tangible assets instead of financial assets

peter boehringer (DEG chairman) speaking:

happy gold bugs #1
happy gold bugs #2
happy gold bugs #3
btw, that's me + my sister + her boyfriend (left 2 right), you know?

addendum june 27, 2010:

eof

international gold bugs festival

folks, i've promised 2 tell you about the yearly highlight in the life of german goldbugs, the 2-days-long commodities + precious metals fair in munich. well, here we go:

it was sooooo great!

why? and what's there? gold, silver, coin dealers, about 60 junior explorer companies, commodity investment funds, banks, financial publishing houses, very untasty coffee + fast food catering services, presentations on gold + silver + money + inflation + monetary reform + state defaults, financial newsletter writers, commodity analysts, old faces you would never want to meet in a dark city street, conspiracy theorists, book authors, pretty hostesses, security folks, paranoid visitors, me.

well, for me it is always nice to see the faces behind my portfolio companies (there were abt 15 of them here this year!), talk to the CEOs or PR folks abt current + future developments, the markets, god & the universe (do not forget, the most of that companies are micro caps and so is the CEO often the only person willing to stay there 2 days long and talk 2 clueless public for no money at all :-)

of course, few ideas abt my mad moves there:

• i've attended many interesting presentation like the one from ross beaty (the pan american silver guy), james turk (u still remember my former blog post?), thorsten polleit, u.s. silver CEO, prof. bocker, chris powell (GATA), robert rethfeld, ...
• met many fellow paranoid gold bugs + austrian economists + folks i like & know for years + conspiracy theorists .... all of them not less paranoid than the 1st group!
• bought few 1 oz silver coins (somalia's wildlife + 3 australian coins: kookaburra + tiger + ox)
• got 2 silver coins for free (btw, both from my dream investments scorpio mining + 1st majestic silver), took (very) few promotion gifts for my children like pens, caps, candys, rocks containing gold mineralization, other gadgets, ...
• and much more

u are right, i've also decided 2 buy few stocks with a sooooooo interesting story behind and did so already on monday. i'm a chap who takes a decision and sticks 2 his decision, you know?

• great panther resources
• osisko mining
• guayana goldfields (see comment below)
• magma energy
• ...... folks, pls do not laugh too loud about me, but i've also increased my stake in my currently BIGGEST existing portfolio position AGAIN, no matter how well i know their story as there seems 2 be everything sooo fine: production + cash flow increasing steadily, no need 4 any additional financing, still low price ... if the stock becomes popular in some way or an other, the price will skyrocket as there are not many shares selling sooooo low at the market :-) ... it is again ...
• ....... scorpio mining !!!
• cuervo resources (iron ore in peru, 11.11.2009)
• sandspring resources - (addendum 12/21/2009) -- gold explorer in guyana with already existing additional micro production of 5,000 oz alluvial gold a year -- last 'must have' company from that gold/silver conference purchased -- folks, it wasn't a stellar move 2day: this new company started trading abt 2 weeks ago at CAD 0.7 => moved to CAD 0.9 => fell back to CAD 0.8 => last quote? approx +30% at CAD 1.06 on friday => i have bought it right now before the canadian market opens in germany @ 11.4% ABOVE the latest canadian price :-(. why am i so stupid? i don't know, maybe i was a really ugly creature in my last life and that's why i have to carry this karma here and now. well, i do know the CEO a.drost for years and i do trust in his capability to start mining businesses again and again (he served as a director @ sabina gold & silver company for years + is still in the board of source resources). of course, i've just waited for the stock to commence trading and of course i especially opened a new account (@lynx brokers) where i could trade unpopular (~ i.e. low volume) canadian/australian mining stocks for low commissions at their home markets ..... but .... but i've recognized i don't have the minimal initial amount of €4,0000 to start trading/inveting yet .... and i even can't move the needed money from some other accounts soon (hey, should i close my approx €5,000 CFD account for that reason?) ... well, lynx is a futures broker as well (=> margin account), therefore there is this relatively high starting capital needed ... what to do in such a sad situation like that? my dear readers, i have bought an initial position @ 11.4% above the all-time-high + in addition with relatively high commission in germany (12€ @dab bank instead of €6 @lynx). hell, i'm in that stock now, so what? damn, now is my brains satisfied => do the folks out there call that stock-market-shopping-addict in general? hmmmmmm, could i call that my golden xmas present 4 myself instead? lol :-)

any other highlights? yeah! me, trying 2 steal a russian 13 kg gold bar the usual way:

me, don't giving up, trying 2 steal the sooooo shiny canadian 100 kg gold coin using all my unsound mental power (face value CAD 1 m, metal value above CAD 3 m):

pretty gold bugs hungry for gold:

what's next? trying 2 learn david copperfield's trick ... you know, the velvet cloth, putting it over the 100 kg coin, squalling hocus-pocus ... AND THE COIN IS MINE !!!

btw, do you still remember the last year's event?

addendum, december 12, 2009:

folks, the precious metals fair is not finished after it closes its doors, you know? for me, there is still a huuuuuge + enjoyable task to do: 2 read the 200 pages fat fair magazine/catalogue! well, i've finished it 2day ...

all that exhibitors presentations (approx 60 companies, few of them found a place on my stock-watchlist), all that articles of various experts and/or writers ... well, you can read it like a bible from the 1st page 2 the last one and you will find just one single mood inside! i'm going 2 sum it up 4 u in 2 sentences right now:

GOOD IS gold, silver, commodities, honest money, entrepreneurship, austrian economy school, freedom, markets, no inflation, wealth created through working + saving.

EVIL IS paper currency, corrupt governments, small dirty central banks, fiat money, state linked/controlled economy, keynes, bail outs + stimulus packages, debt, deficits, inflation, wealth 'created' through borrowing + spending.

damned hell, it is as easy as that! lol

addendum, december 22, 2009: a great day for abraham drost 2day!

• sandspring resources +3.57%
• sabina gold & silver -2.48% (anyway, intraday there was a new 52 weeks high established!)
• source exploration +50.0% (~ 3times the usual volume, no company news, that's what i call 'performance' in junior mining sector!)

anyway, it was a weak day for me because gold + silver fell a lot 2day, so i'm happy that my portfolio didn't change a lot on balance. the only balance which has changed 2day was my body blood vs. hot wine punch balance, as me + my wife + a friend have been in the streets, indeed! folks, tomorrow is the last day of this year's hot wine punch season, because all these outdoor xmas markets close before xmas eve . any balance assuring ideas out there? lol

snowy greeetings from munich :-)

james turk's great presentation abt gold, money, currencies, economy ...

addendum december 2012: outlook 2013 - 2015, enjoy :-)

James Turk's Outlook for Gold for 2013 to 2015

~~~

folks, what we see in stocks, gold, commodities, ... is IMO the fear about USD out there. the folks (americans & foreigners) are trying (at the same time!) to escape from their paper USD assets and to buy some hard assets at any price!

no matter how expensive gold and other commodities are, let's change the dollars into real value (e.g. india's central bank purchased 200 tonnes gold at record price from IMF last week, the second half of IMFs fire sale will prolly go to china soon ...)
no matter how disastrous the current economic data is (record unemployment data, record P/E ratios because of soooooo sad earnings outlook, ...), the folks are buying stocks because a stock represents a piece of company/business and is not only a worth-less promise of u.s. government like a dollar note is (bye-bye fiat currencies!)

=> WE ARE IN THE EARLY PHASE OF AN INFLATIONARY HARD ASSETS RALLY !!!
btw, i do not think the €uro is much better than the USD and IMO it would collapse just few seconds later, because the ECB is not so committed to fight against inflation as the good old german bundesbank was (... do not forget, we germans had twice hyperinflation in the last 100 years, so the bundesbank still remembers the impacts of hyperinflation in some way)

james turk in munich!

well, james turk told yesterday in his great presentation at the munich's precious metals fair (presentation should be available at www.goldmoney.com in approx. 2 weeks in english + german), that the tipping point for the USD is just weeks/months ahead (before summer 2010?) and -if nothing changes- usa is heading to inflation / hyperinflation of deposit accounts like argentina was few years ago! pls do not ask me what deposit-accounts-inflation concrete is as i have no clue abt that, i just would tell you that we can be lucky because we don't have to carry waggons of paper money :o). what a cold comfort, isn't it? the folks in germany in 1920ies or in zimbabwe 2 years ago in their paper-money inflation had 2 carry a lot of paper 2 get anything real ... btw, as far as i know there is no zimbabwean currency at the moment and they use foreign currencies like usd, €uro, rand instead.

folks, i do not wanna destroy your believes abt gold, james turk and the universe, but do u know what such an internationally well known gold bug as james really told? hmmm, should i squeal that? hmmmm. ok, here we go: ... "gold is a lousy investment" ... from his point of view does gold 'just' keep its buying power, it is not an investment vehicle itself. well, james considers gold as money + he recommends strongly to keep our savings in gold/silver (and add to it every month on dollar-averaging-base no matter how high/low the current gold price is) instead of keeping savings in any fiat currency! at least for the last 10 years he is right, just look at the most emphasized chart from his presentation about the yearly change of gold price in major currencies (pls do not overlook the highlighted double digit gains in each paper currency on average!):

GOLD against major currencies, 10 years chart

(source: james turk / goldmoney.com / november 2009)

wanna see also silver? ok, be brave, follow that link :-) ... surprised?

btw, what about the gold/silver backed amero, am€uro, global, golddollar, gulfdinar, goldyuan, goldrubel soon?

of course, do not forget 2 read my big picture outlook for stocks, bonds, gold, commodities here

addendum, dec 13, 2009 ~ precious metals calculator :-)

ohhhhhh, what a useful + funny thing at james' website! did u asked already yourself s.th. like 'hell, how much gold and/or SILVER can i buy with the lousy 50 €uros which my wife didn't find in my pockets yesterday?' of course u did, didn't u? well, there is a big, big, big help 4 folks like you and me on the goldmoney.com website! the online paper-metal-translating-machine ....

precious metals calculator :-)

ps: sorry forexer, the singapore currency (dollar?) isn't covered yet, but u could ask 4 enhancement, i think :o)

pps: what's the answer 2 my question 2day?
With €50.00 you can buy 1.985 goldgrams at a buy rate of €25.1874/gg (including our fee). We apply a 2.74% fee on top of the Gold spot price of €24.5156/gg.

addendum, june 4, 2011:

folks, it's weekend, u know?

well, finally i have some time to bother my mouse in order to click wildly from webpage 2 webpage, from story 2 story, from interview 2 interview ... great!

king world news seems to be my No. 1 today, wanna listen 9 minutes to james turk's audio explanation of recent gold/silver price correction and his outlook for the gold/silver markets? here we go:

James Turk
.