10.3.11

First public investment talk

on Bullion Investment Guide

Highlight:

1) All known fundamentals have been priced in

2) Intrinsic value of gold is unknown

3) Difference between demand of gold and silver - much broader industrial use of the latter

4) Worldwide production activity might soon be peaked

5) Correlation of equity and gold - negative in the long term

6) Largest enemy of gold: World Peace

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