Successful Investing Involves an Appreciation of the Probabilities Tempered by the Possibilities

As close as our work may permit us to achieve a near perfect understanding of the merits and risks of a Gold sector investment, we are always trying to test our thesis against any imaginable event which may alter the timing or the ultimate realization of the full value expected.

Valuation Anomalies are the Source of Most Great Investment Opportunities

Bubbles and craters are the polar opposites of the valuation spectrum. Understanding the elements of their creation is the key to knowing whether they represent cyclical or secular events.

Approach Investing as a Lender Would

If we're wrong can we get our money back? How secure are the foundations of this investment? Can this investment withstand periodic shocks?

Balance sheets still count. All the potential in the world is rarely worth the risks of ignoring structural deficiencies.

Focused and disciplined in style and execution, we are constantly seeking to enhance investment returns for its clients.

Primary Reasons to Own Gold

1. Global Currency Debasement with building U.S. financial disarray as the lynch pin


2. Huge Supply-Demand Imbalance without account for any new investment demands


3. Central Banks, whose bullion has to date filled the gap, are reaching an inflexion point


4. Huge Anticipated Increase in Chinese Demand


5. The Relative Size of the Gold Market vs. Financial Assets – a small shift from financial assets to gold will have an outsized impact.