It’s not often a writer can track down a corporate executive for an interview at his office after midnight on a Friday night.
But these are exciting times for Daniel Kroll, president of Advanced Precious Metals Corporation, and you won’t hear him complain about the long hours.
“With market conditions being what they are, I don’t mind burning a little midnight oil. Heck, ounce for ounce, oil is still cheaper than Coca-Cola – just don’t ask me to give up any of my precious metals!” quips Mr. Kroll.
Business is indeed booming at APM, and Kroll is indeed more than happy to work 80-hour weeks as prudent investors grasp the incredible opportunity that comes with buying gold and silver.
“All the factors for a sustained bull run for gold and silver are coming together at the same time, and I’m having an absolute blast helping Alberta investors join the fun,” explains Mr. Kroll.
“Today (November 21) was another great day, with Barrick Gold chairman and founder Peter Munk bowing to investor pressure and announcing that his company would not be hedging on the price of gold for at least the next 10 years.”
“As the big boys stop their hedging practices, it creates tremendous upward pressure on the price of gold and silver,” says Mr. Kroll, noting that an anti-trust lawsuit set to proceed to trial against Barrick and J.P. Morgan Chase is pushing the defendants to cease perennial price-control practices.
It’s been in the best interest of Barrick and Morgan Chase to keep gold and silver prices low because they generate massive revenue from selling derivatives such as options and leasing business.
And if they are forced to stop hedging and engaging in other price-limiting tactics, the result will be a golden opportunity for those who purchase precious metals before what could be a huge run.
“Every time gold has broken the $425-per-ounce barrier, it hasn’t stopped until it hit $500,” says Mr. Kroll.
“And there’s a lot of speculation among top analysts that if the price-control tactics are stopped, gold (trading at $396 US at press time) will keep rolling right past $800 per ounce as it did in 1981.
Richard Russell, renowned author of The Dow Theory Letter, has taken a real shine to gold of late. In fact, he predicts a variety of factors will combine to drive gold to $3,000 per ounce in the near future.
Meanwhile, three fairly well-known investors have joined the silver rush.
Warren Buffett, the world’s most famous investor, has reportedly accumulated 130 million ounces of silver in recent years.
Bill Gates has backed up the Brinks truck in recent years to buy a large chunk of one of the world’s largest silver mining companies, PanAmerican Silver.
And legendary U.S. fund manager George Soros has also been buying huge quantities of silver.
“Recent estimates suggest available silver supplies on COMEX in New York have plummeted to about 100 million ounces,” says Mr. Kroll. “And speculators who would never dream of selling at this level hold about 55 per cent of that. There are many other factors pointing to a raging bull market in precious metals, including:
* The weakening U.S. dollar: With the American buck sinking like a rock, gold, which is traded in U.S. dollars becomes comparatively cheaper for the rest of the world to buy. The result is significant upward pressure on gold prices.
* Gold and silver prices retreated at the start of the Iraq war, presenting excellent buying opportunities. With traders turning their focus to decreasing supplies, prices are starting to move up again.
* Bull markets in precious metals have a historical record of providing investors with enormous upside. During the precious metals boom from 1971-80, gold spiked from $35 US per ounce to $800 and silver catapulted from $2 US per ounce to $50.
“I like silver – it could double or triple,” says Mr. Kroll. “I like silver because it is used for all kinds of manufacturing applications and supplies are low. In fact, every day in the U.S. someone is registering a new patent for a new use of silver.
“For 10 years in a row, more silver has been used than produced . . . and the current price around $5.27 is below the cost of mining.
APM makes it easy to participate in the top-performing sector in the economy.
“It’s not nearly as complicated a process as the big banks would have you believe,” says Mr. Kroll.
With APM, you have a little paperwork to complete and from then on you can do your trading over the phone whenever you want.
APM personnel, highly trained and well known for their service excellence, are available all day into the evenings.
“We really focus on the service side,” says Mr. Kroll, “because that’s the major hurdle that stops people from investing in physical gold and silver.”
And that’s not a sector you want to miss out on.
APM deals exclusively in the bullion markets, specializing in providing clients with up-to-date information and advice on the purchase and sale of precious metals.
If you are interested in receiving an investor’s kit, please call toll free 1-866-901-0600 or email to info@advancedpmc.com.
When you request an investor’s kit, you will automatically be entered in APM’s monthly draw for a half-ounce gold Canadian Maple Leaf coin (you must be a minimum 21 years of age and have a minimum $5,000 in investment capital).
Disclaimer: Past performance is not necessarily indicative of future results. The risk of loss exists in precious metals trading. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy nor do they purport to be complete.
