Monday, October 29, 2007

GSR - October 27th:Bill Reid & Axel Merk

GSR - October 27th:

Guests: Bill Reid & Axel Merk

$783 Gold!

$92 Black Gold!


Senator Nancy Schaffer

Jim Puplava

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This Weeks Guests & Highlights:

    Listen Now:

      1st Hour:

      • Headline news & market forecast.
      • Spotlight Picks with big dividends.
      • The International Forecaster and Chris Waltzek answer listener questions.

      2nd Hour:

      -Bill Reid

      Gold Resource Corp:

      Gold Resource Corporation was founded by Bill and David Reid.

      The focus of GRC is to establish profitable gold and silver production, and management believes its experience at building mines from their previous company, U.S. Gold Corporation, strengthens Gold Resource Corporation's prospects for success.

      The Reids co-founded U.S. Gold Corporation (USGL), and ran the company since its inception in 1977 until August of 2005. During the 28 years USGL operated under the Reid's management, the company built or participated in 6 producing mines. Below are pictures of the mines of USGL during management of the Reids.

      In July 2005 the Reid's engaged Mr. Rob McEwen, one of the most successful mining entrepreneurs of this era, to buy controlling interest in USGL. Mr. McEwen purchased 33% in USGL and became the company's largest shareholder. Mr. McEwen also assumed the management of USGL, which allowed the Reid's to depart the company and focus their attention on Gold Resource Corporation.

      Bill Reid received a Bachelor of Science degree in physics in 1970 and a Master's in Economic Geology in 1972, both from Purdue University.

      David Reid received a Bachelor of Science degree in geology from Ball State University in 1972.

      Mr. Perez, a Mexican national, has been a consulting geologist for the mining industry, and has operated his own mines in Mexico. He received an undergraduate degree in geology and engineering in 1974 and a Master's degree in economic geology in 1979 from the National University of Mexico.

      Monty Jennings serves as the Chief Financial Officer of Gold Resource Corporation and is responsible for maintaining the company's system of controls over accounting and financial reporting.

      Mr. Jennings began his career with Coopers & Lybrand (now PriceWaterhouseCoopers) in Texas where he specialized in the extractive and energy sectors. He was instrumental in developing generally accepted accounting principles now used by royalty trusts. For the past 10 years, he has served as an executive officer and director of several public companies, including American Educational Products, Global Casinos and OnSource. His area of expertise has expanded to include mergers, acquisitions and other strategic growth opportunities.

      His past experience in the non-profit sector includes service as the President of The Family Extension, a child welfare organization committed to "at-risk" youth and stints as an instructor in various accounting matters, including corporate income taxation and financial reporting.

      Monty received his Bachelor of Arts in economics from Austin College and his Masters in Finance from Indiana University.

      Bill M. Conrad currently serves as a Director of Gold Resource Corporation. He also serves as Vice President, Chief Financial Officer and Director of MCM Capital Management, Inc., a privately held financial and management consulting firm. MCM assists other companies in developing and implementing their business plans and capital formation strategies.

      Mr. Conrad also is Vice President, Chief Financial Officer and director of Blue Star Energy, Inc., a privately held oil and gas company. Mr. Conrad has held executive management positions with several public companies during the past 15 years, including Wyoming Oil & Minerals, Inc.; New Frontier Energy, Inc.; Gold Capital Corporation; Wall Street Racing Stables, Inc., and Consolidated Capital of NA, Inc. Mr. Conrad's duties with these companies was primarily focused on the areas of financial management and corporate development.

      - Axel Merk

      Merk Fund-

      The Merk Hard Currency Fund is managed by Merk Investments, an investment advisory firm that invests with discipline and long-term focus while adapting to changing environments.
      Axel Merk, president of Merk Investments, makes all investment decisions for the Merk Hard Currency Fund. Mr. Merk founded Merk Investments AG in Switzerland in 1994; in 2001, he relocated the business to the US where all investment advisory activities are conducted by Merk Investments LLC, a SEC-registered investment adviser.
      Mr. Merk holds a BA in Economics (magna cum laude) and MSc in Computer Science from Brown University, Rhode Island. Mr. Merk has extensive experience and expertise in how the global financial imbalances, as evidenced by an enormous trade deficit, affect the markets. He has published many articles describing complex economic phenomena in understandable terms and he is a sought after expert presenter and moderator at conferences. Mr. Merk is a regular guest on CNBC, and frequently quoted in Barron's, the Wall Street Journal, Financial Times, and other financial publications.
      In addition to 20 years of practical investment experience, Mr. Merk has a strong foundation in both economic analysis and computer modeling. His research in the early 1990s focused on the use of computer-aided models in financial decision making; he is a published author in “Adaptive Intelligent Systems” * and has been awarded a prize for excellence in economics. **
      Mr. Merk focused on fundamental analysis of US technology firms in the early to mid 1990s, he diversified to other industries to manage volatility in his investments. In the second half of the 1990s, Mr. Merk received an early warning of the building bubble when he recognized that more and more companies were trading in tandem, causing the diversification offered through investing in other industries to diminish. As a result, he broadened his investments internationally. As the bubble burst and Greenspan and the Administration preserved US consumer spending through record low interest rates and tax cuts, imbalances in the global financial markets reached levels that Mr. Merk deemed unsustainable. Merk Investments has since pursued a macro-economic approach to investing, with substantial gold and hard currency exposure.
      Merk Investments is making the Merk Hard Currency Fund available to retail investors to allow them to diversify their portfolios and, through the fund, invest in a basket of hard currencies