www.euporos.ch From the Greek : meaning rich, ingenious, wealthy - - PDF document

T H E P HYS I C A L S I LV E R S P E C I A L I S T

www.euporos.ch

Let your money bring a return

• n investment safely

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Euporos SA was formed in Switzerland

• n 31 August 2010 and is listed in the

Valais Central trade register (CHE- 115.945.571) as an international com- pany trading in precious metals. Precious metals are an excellent in- vestment, the ideal protection against inflation and a refuge stock against bank failures and sovereign bankruptcy. Although there are many gold mer- chants, silver is harder to find. Euporos SA is able to supply large quantities, thus becoming “THE spe- cialist in physical silver”. Gold and silver ingots and coins are shipped all over the world or stored under high security in Switzerland. The “Top Quality Swiss Made” nature

• f its products, the reliability and dis-

creetness of its transactions, as well as the speed of delivery, make it a lea- ding company in the physical silver market in Francophone Europe. Euporos SA is a member of the Self-Re- gulatory Organisation (SRO) of Private Asset Managers (Organisme d’auto

• régulation des gérants de patrimoine,

OAR-G). The Euporos.ch website has obtained the Trusted Shops label. This certifi- cation covers 70 high-quality criteria, such as price transparency, customer service, data protection and legal com- pliance. Headed by Louis Schneider, the com- pany has a team able to support you at every step of your investment. From the Greek : εὔ·πορος meaning rich, ingenious, wealthy

Euporos SA avenue de la gare 5 1950 Sion SWITZERLAND Contact : Phone : 0041 275 66 66 66 Fax : 0041 275 66 72 73 contact@euporos.ch www.euporos.ch

www.euporos.ch

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Why invest in precious metals ?

Precious metals are a safe and profi- table investment over the medium and long term, protecting against the risk of inflation and/or collapse of the financial system. The price of gold will keep going up, and even more so the price of silver! Gold and silver cannot go bankrupt: they constitute a value in themselves, immutable over thousands of years, in contrast to bank notes which are

• nly paper.

Precious metals cannot be affected by inflation or any monetary reform. A kilo of gold will always be a kilo with its intrinsic value, whereas “Paper money eventually returns to its intrinsic value – zero” (Voltaire). Since autumn 2008, more and more investors are turning to precious me- tals to safeguard their capital. This trend is strengthening year by year. The collapse of the monetary system is only a question of time, because usury produces debt, then excessive debt, and finally cessation of pay- ments. Debt growth is produced by interest – and compounded interest (that is, interest on interest) causes debt to grow.

A secure investment Bank notes, a recognition

• f debt doomed

to failure

Price of an ounce of silver 2001-2013

Such a gigantic house of cards – this system runs people, businesses and governments into debt, leading to bankruptcy. This is why it is certain that the paper- money system, founded on debt, will

• collapse. This has already happened

dozens of times in the past. Government borrowing carries the risk of payment default. Kenneth Rogoff, author of the book This Time Is Diffe- rent: Eight Centuries of Financial Folly (2010), studied hundreds of fi- nancial crises in 66 countries over the course of eight centuries and found that State failures are frequent. Since the 15th century, 609 curren- cies have been withdrawn from circu- lation, 153 of them destroyed by hyperinflation.

Gold, a safe stock

Gold extraction is declining as mines become depleted. The exploration of new reserves is very costly: it takes on average two to five years to begin constructing a mine after the disco- very of a sufficiently promising gold deposit.

Destocking by central banks

The main central banks have sold large quantities of gold since the abandonment of the gold-convertibi- lity of currencies in 1971, thus gene- rating major downward pressure on gold prices. In 1945, 68 % of the world’s gold was held by Western central banks. In 2003 the figure was 20 %. Today it is near 0 %. These banks the- refore have no ways left of reducing the price of gold through additional sales, especially with some Asian countries increasingly hoarding the metal.

Investor demand

The reduced size of the market (US$ 6 trillion) does not correspond to the sums invested in the equity and bond markets (US$ 40 trillion and US$ 110 trillion, respectively). If the equity or bond markets were to crash, capital would flee to gold, causing a dizzying climb in its price. Just imagine what would happen to the price of silver, when you realize that the silver market is even smaller (US$ 0.03 trillion)!

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What you need to know about the fractional reserve principle

The main commodities market (COMEX in New York) is incapable of delive- ring all futures sales as they come due, because its stocks of gold and silver represent only a fraction of the total volume of transactions. So long, however, as speculators are happy being paid their profits in US dollars, the "fractional reserve” of the metal can suffjce. But if too many people at once ever demanded phy- sical delivery of the metal, this mar- ket would go bust. This fractional reserve system is also practiced by certain Exchange-Traded Funds (ETFs). One US bank alone "short sells” a third of the world’s annual gold pro- duction. Any single physical silver ingot is sold 50 times on paper. This levera- ging will fail the day that sellers of paper certificates can no longer ho- nour the demands for physical deli- very, as their “fractional reserves” will have become insufficient, due to the depletion of available global reserves.

◗ Silver is five times scarcer than gold. ◗ Silver mines will be exhausted by

about 2025/2030.

◗ There will be no more reserves left in

stock within a very few years. They have shrunk from 10 million ounces to 1 mil- lion in 60 years.

◗ Industry and medicine consume large

quantities of silver: mobile phones, computers, cars, solar panels... This silver is rarely recycled.

◗ The recycling of old coins and silver-

ware is gradually dwindling.

◗ Silver has stronger upward price-po-

tential than gold. In October 2014 the ratio was 1:71, whereas the historical average is 1:15, i.e., one ounce of gold should be worth 15 ounces of silver.

◗ Silver is a little-known investment.

Only a few well-informed people hoard

• it. Its value is therefore underestimated.

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reasons to put your trust in the silver metal

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Silver prices are kept artificially low by a few American banks which sell,

• n paper, metal that they do not at all
• possess. As needed, they dip into glo-

bal reserves to satisfy the physical delivery requirements of the odd in- vestor here or there. But physical re- serves of this metal are continuously shrinking, as industrial needs are greater than mine output. The short- fall is in the order of 150 million

• unces a year. Some 965 million
• unces remained at the beginning of

2010 (part of it held by long-term in- vestors, therefore unavailable for in- dustrial consumption). As a result, available reserves will have disappeared by about 2017. Between 1900 and 2000, world gold stocks rose from 1 billion ounces to 5 billion, as the gold extracted from mines was hardly ever consumed but was hoarded in the form of ingots and jewellery. In contrast, over the same period of time, silver reserves declined from 12 billion to 1 billion. Part of the production of this metal was consumed by industry, without being

• recycled. Silver is used for, among others, microelectronics in cars, computers,

mobile phones, solar panels, and so on. In 1900 there was 12 times more silver than gold, whereas in 2010 there was 5 times less silver than gold. As silver is 5 times more scarce, it has a higher intrinsic value than gold. But then why is the price of silver so much lower than gold?

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Silver will cost more than gold

Global reserves of gold and silver 1900-2025 (billion ounces). GOLD SILVER

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But investors, and manufacturers above all, will want physical deliveries. Banks that engage in short selling will no longer be able to deliver. Their leveraging will therefore have to end, and one fine day the scarcity of the metal will send silver prices through the roof. Already today, certain metals or ores (platinum, coltan, rhodium, etc.) cost more than gold, because they are more scarce. As silver is also scarcer than gold, we just have to wait for world stocks to be exhausted to see its price readjusted in line with its scarcity and its industrial use. Furthermore: mining output will dry up by 2025/2030, or in any case shrink substantially. Industry will not be able to do without this irreplaceable raw material. The absence of supply combined with high demand will push this precious metal to astronomical prices.

Upward potential

One ounce of gold costs US$ 1,230 (20 October 2014). Silver, five times more scarce, should there- fore be worth 5 x 1,230 = US$ 6,150. The actual price (US$ 17) is 361 times too low. In any case, we can expect silver to at least reach parity with gold in the next few years. An exceptional opportunity to seize!

• We have seen for over a century

that the abandonment of the gold standard has consistently led to the hyperinflation of paper money.

◗ IN FRANCE, the price of candy

rose from 1 centime in 1965, to 10 cen- times in 1978, and 100 centimes de francs (15 eurocents) in 2010. Why this tumble in the purchasing power

• f the French franc? If we go back

in time, we can see prices absolu- tely stable until 1914, the year that France left the gold standard. Bet- ween 1914 and 2013, the cost of li- ving index rose by a factor of 2,408, amounting to 240,800 % inflation of paper money over the course one century.

A market that no longer runs on gold

▼

Price index in France 1901-2010.

Abandonment of the gold standard in 1914 Temporary return to the gold standard 1926-1935

▼

◗ GERMANY abandoned the gold-

convertibility of the Mark in 1914, and ended up printing bank notes to fi- nance the First World War. The Treaty

• f Versailles forced it to pay heavy war

reparations, and the banknote prin- ting presses went into full swing.

◗ GREAT BRITAIN enjoyed a long

period of monetary stability. Inflation began with the abandonment of the gold standard in 1914. The UK went back onto it in 1925 and prices fell. Following the Great Depression of 1929, the British government decided in 1931 to abandon gold parity. Since that decision, prices have not stopped rising to this day.

◗ THE UNITED STATES abando-

ned the gold standard in 1971. The US dollar, until then the only fundamen- tally sound paper currency, saw its purchasing power collapse relative to the cost of living. And the dollar also shrank relative to gold, with gold prices rising from $ 35 an ounce in 1971 to $ 1,215 in 2013, a factor of 35!

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Inflation in Weimar germany German inflation in 1923: children playing with bundles of worthless banknotes

Inflation in Weimar germany. Price index in Great Britain 1500-2008

First abandonment of the gold standard in 1914 (re-established in 1925) Second abandonment Abandonment of the gold standard in 1971

Inflation cumulated per decate in the United States 1913-2008

The products and “pluses”

• f Euporos.ch

Silver lingots

Euporos is supplied by well-known foundries, whose products are regu- larly audited by the State. We offer you a wide range of silver ingots, appro- priate for any investment. Silver ingots Purity: 999/1000, condition new, sealed, authenticity engraving Ingots available in: 1 kg, 500 g, 250 g, 100 g, 50 g. Certificate of authenticity available.

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Gold lingots

To diversify your investments, we offer you a wide range of gold ingots. Gold ingots Purity: 999.9/1000, condition new, sealed, authenticity engraving Ingots available in: 1 kg, 500 g, 250 g, 100 g, 50 g.

Q U A L I T É S U I S S E G A R A N T I E Q U A L I T É S U I S S E G A R A N T I E

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Euporos buys precious metals

We also buy ingots and coins at best prices, as well as old jewellery and silverware. Tip: If you bought your precious metals through our company, we will buy them back at par- ticularly attractive prices!

Gold coins

MAPLE LEAF : ◗ Canadian

• ne-ounce coin (31.1 g)

◗ Purity: 999.9/1000 ◗ Quality: Mint (uncirculated) NAPOLÉON : ◗ French coin 5.8 g fine gold ◗ Purity: 900/1000 ◗ Production discontinued in 1914 VRENELI : ◗ Swiss coin 5.8 g fine gold ◗ Purity: 900/1000 ◗ Production discontinued in 1949 KRUGERRAND : ◗ South African

• ne-ounce coin (31.1 g)

◗ Purity: 916/1000 ◗ Quality: Mint (uncirculated)

Silver coins

MAPLE LEAF : ◗ Canadian

• ne-ounce coin (31.1 g)

◗ Purity: 999.9/1000 ◗ Quality: Mint (uncirculated) SILVER EAGLE : ◗ U.S. one-ounce coin (31.1 g) ◗ Purity: 999/1000 ◗ Quality: Mint (uncirculated)

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PHILHARMONIKER : ◗ Austrian

• ne-ounce coin (31.1 g)

◗ Purity: 999/1000 ◗ Quality: Mint (uncirculated)

A certificate of authenticity is a card listing the products’ main characteris- tics (weight, mark, purity, provenance, ingot number). It is essential for gua- ranteeing the authenticity of a product and its origin. It also facilitates resale. Another very important aspect, is the plastic packaging which provides effective protection against oxidation and corrosion. This ensures that your ingot or coin will be protected from time and impact.

The certifjcation steps are extensive and secure:

We create the certificate to show the product characteristics (including the ingot number). We put the certificate and product in a special plastic sleeve and weld it shut. We then generate a barcode which is unique worldwide and glue it to the

• sleeve. This guarantees the seal and

allows it to be traced. This certification process is offered as a chargeable

• ption. Ensure your guarantee with a

certificate of authenticity!

Certifjcate of authenticity : an additional guarantee

There is no value added tax (VAT) on gold, only on silver. There are two

• ptions:

◗ Storage in Switzerland, where silver

is subject to VAT (8 %),

◗ Storage duty free in a Swiss “open

customs bonded warehouse”, VAT- exempt.

Storage in Switzerland

This service offers an excellent qua- lity/price ratio: maximum security at reasonable cost. At Euporos SA, your stored valuables are 100 % insured and there are no entry or exit fees, or administra- tive charges: add or retrieve metal free of charge. We invoice storage fees

• nly once a year, amoun-

ting to 1 % (excl. tax) of the deposit value. This rate is delibera- tely low, to allow every investor to protect their savings at the lo- west possible cost. With only 0.2 % insu- rance premium, your metals are 100 % insured (against theft, and damage from natural causes).

Maximum security: personal allocation

Personal allocation of ingots: the se- rial number of each ingot bought is in- dividually allocated to the owner. Each

• f our depositors owns ingots alloca-

ted personally to him/her alone, as op- posed to most of our competitors whose depositors hold only unalloca-

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Store your metals safely: several storage solutions

Duty free storage: silver ingots exempt from VAT

The warehouse is on Swiss territory, but the goods are confjned in a "customs bonded" (duty free) zone. It is only when they leave this zone that customs duties and value added tax are payable. So long as they remain in the warehouse, they are totally exempt. They can remain ware- housed there indefjnitely. The warehousing fees for VAT-exempt ingots are the same rates as for storage in Switzerland of ingots subject to VAT (1 % of the deposit value, insurance 0.2%). And, of course, you have the benefjt of the same personal allocation: each ingot with its specifjc serial number is allocated to you personally, with a detailed storage certifjcate.

ted metal documentation, i.e., merely debt certificates that may be worth no- thing if the depositary goes bankrupt. As those competitors store the metals

• nly in bulk and only representing a

portion of the orders received (a "frac- tional reserve”), their misleading storage certificates are a real trap for the gullible. 100 % reserve (not "frac- tional reserve”): all sto- rage orders are physi- cally stored in full. We also stand out from

• ur competitors, who

mistreat their custo- mers by physically storing only part of the total volume of the de- posits entrusted to them while charging them for the entire amount! Political stability: Switzerland is a politically and socially stable, investor-friendly country. Security: Vault and armed guards: customers’ assets are stored outside the banking system, at Via Mat Inter- national in Switzerland, in a vault built inside a high-security building, pro- tected by physically present armed

• guards. This is better than simply an

alarmed safe with video surveillance. Our depositors can come at any time to inspect their ingots, or remove them, or have them shipped, or even ask us to resell them (contact us). An independent appraiser/auditor, certified by the Swiss State Federal Audit Oversight Authority (Autorité fé- dérale de surveillance en matière de révision, ASR), checks that we are sto- ring each of our customers’ metals accurately and completely.

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Ingots for pick-up

◗ If you have opted for an order that includes

you picking up the ingots for storage elsew- here, Swiss VAT applies. If you take the ingots away, you will pay the VAT of the destination country and can ask us for reimbursement of the Swiss VAT (within maximum three months following date of order).

◗ If you have opted for storage in Switzerland,

Swiss VAT applies. You are free to terminate the storage subsequently and retrieve your ingots, the VAT having already been paid. If you export them, you will pay the VAT of the destination country, without being able to recover the Swiss VAT.

◗ If you have opted for customs bonded (duty

free) storage in Switzerland,no VAT is due so long as the ingots remain there. If you wish to remove them or have them shipped, in order to be able to remove them from the customs bonded warehouse, you will fjrst have to pay customs duties plus the VAT of the destination country, calculated on the value of the ingot at the time it leaves the depot.

Euporos ofgers

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A child’s future means preparing for the long term. Children need a solid investment, that resists inflation and grows in value over time: gold or sil- ver in the form of ingots and coins. The Juni'OR account is a precious me- tals account, intended for minors. Parents or third parties (godparents, grandfathers, etc.) can open an account for one or more children. The adult becomes the manager and the child the owner. A CHF 100 purchase-voucher will be credited to each new Juni'OR account. Every year, a bonus in the form of a credit note will be offered to you, cal- culated on the investment effort. Estate transfers are done simply and discreetly. Once your own customer account has been created on our website euporos.ch, with no obligation to buy, simply open the Juni'OR account in the child’s name. With a single unique password, parents (or third parties) can manage their

• wn customer account as well as their

children's Juni'OR accounts. You invest at your own pace, with no minimum purchase required. You can

• pt for the products of your choice:

gold and silver coins and ingots. Pre- cious metals must stay in the Juni'OR account so long as the child has not reached the age of majority (18) in

• rder to protect not only the child but

also the saving effort of its family and

• relatives. Once it reaches 18 years of

age, the young adult can freely dispose

• f its property.

Account creation and management are totally free of charge. However, just as for any order, the annual sto- rage charge amounts to 1 % (excl. tax)

• f the deposit value.

The “Juni’OR” account : create a piggy bank fjlled with gold and silver for your children

EXCLUSIVITY

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To facilitate your investment, Euporos

• ffers you four payment methods:

◗ Bank transfer

You can opt for payment by bank

• transfer. You need to allow 24 hours

for the transfer to complete, and re- member that you are responsible for paying any transfer fees ("OURCOST"

• ption). Once the transfer has been

completed, you can go to your custo- mer account and click on “report that my order has been paid”. The trans- actions are made directly between bank accounts, so we cannot see your personal bank details.

◗ Credits

Customers can send us an "advance", which will be recorded on the custo- mer’s account, which it can use to pay a future purchase, or storage fees. Sending a large advance to be able to settle multiple invoices over a period

• f time, avoids multiplying bank trans-

fer fees and also saves time as each amount due is automatically debited from the credit balance.

◗ Cash

If you prefer to pay in cash (euros or Swiss francs), please contact us to make an appointment. You will be charged a "cash handling fee".

◗ Bank cards

You can pay your orders directly from your customer account via our secure internet platform, or in person at our premises by appointment. You can agree (recommended by Eu- poros SA), or refuse, to pay in the cur- rency of your bank card (transaction called Dynamic Currency Conversion

• r "DCC”). DCC has the advantage of

immediately knowing the exact amount in euros (or other foreign currency) that you will be debited. The Swiss franc amount of the invoice is also shown (EUR + CHF dual display).

Order in just 3 MINUTES !

1 – You must have your secure customer ac- count to place an order. Simply create one free

• f charge on www.euporos.ch

2 – Place your order:

• From your customer account
• By telephone to 0041 275 66 66 66
• By email: contact@euporos.ch

3 – We send the invoice to your customer account. 4 – The payment is made within 24 hrs in Swiss francs (CHF), by bank transfer, credit balance, cash or bank card. 5 – Once the payment is received, we ship your

• rder by carrier (100 % insured).

OR We physically store your investment in Swi t- zerland, outside the banking system (100 % insured). OR We make an appointment for you to come and pick up your purchases.

payment methods in just a few clicks

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www.euporos.ch

www.euporos.ch

EUPOROS SA avenue de la gare 5 1950 Sion SUISSE CONTACT : Phone : 0041 275 66 66 66 Fax : 0041 275 66 72 73 contact@euporos.ch www.euporos.ch

T H E P HYS I C A L S I LV E R S P E C I A L I S T