Precious Metals in Europe

By: David Morgan | Thu, Nov 27, 2008
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During my recent trip to Europe we visited four main cities: London, Paris, Zurich, and Munich. My impression of each location varied, in relation to the current global economic climate and how the precious metals are behaving.


My first stop was Paris, and for me it is difficult to determine just how open-mindedly the two meetings were received. Some of the participants did stay after the general meeting to ask specifics about areas of precious metals and mining that I might be able to offer. My overall impression was that the French mainly have a wait and see attitude at this time regarding how well the precious metals will do over the next several months. Some of the feedback I received was that many junior mining companies are finished and those that might be able to make it would not see share price recovery for a year or so.


The next location was London, and Nick Williams and his wife, Fran, did their usual outstanding job. See

A few investor comments will give you some impression of the Silver Summit U.K.

"Really good day at Silver Summit. Useful to hear from juniors, the speakers & great Q&A."
Helena Pike, Investor

"Just a quick thank you for the day on Wednesday, I thoroughly enjoyed the event."
Robert Weaver, Investor

"Thank you for a wonderful event and I look forward to the next happening!" Tobias Andreasson, Investor

Now for a look at some of the presentations . . .

First, my friend and colleague Mr. Ned Naylor-Leyland's "Silver, Bailouts & Big Government"; see

In my presentation, I gave my overview of the silver market and had a few comments at the end of it; see


After the London show I moved on to Zurich, where I met with some very impressive fund managers and a couple of banks. I will reserve comment on this for our members only, but suffice it to say the people "in the know" in Switzerland have not been moved to give up on the precious metals.


Finally, the last leg of the trip was to Munich, Germany, and here I had some very interesting insights. Basically, the Germans at this show had one thing in mind -- BUY MORE REAL METAL!

A crowd gathers to BUY, BUY, BUY precious metals. Yes, there was a premium, and these folks were happy to pay to have the real deal.

Looking further ...

How much is that silver in the window?

Finally, for our Canadian friends:

You most likely can make out this large Canadian Maple Leaf.

The mining companies at the Munich show did get good traffic, and most investors had not given up on their conviction that the precious metals arena is certainly going through a slump but longer term could prove to be one of the best places for wealth preservation and/or capital gains.

The trip was exciting and exhausting at the same time. The overall attendance was down slightly in London and about the same in Paris and Munich. I did not meet in the public arena in Zurich, only private meetings.

Hopefully, this will give you a brief taste of what took place at this year's European tour.

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David Morgan

Author: David Morgan

David Morgan

David Morgan

David Morgan ( is a widely recognized analyst in the precious metals industry; he consults for hedge funds, high net-worth investors, mining companies, depositories and bullion dealers. He is the publisher of The Morgan Report on precious metals, the author of Get the Skinny on Silver Investing, and a featured speaker at investment conferences in North America, Europe and Asia. You can receive a free 30 day trial subscription here

Mr. Morgan has been published in The Herald Tribune, Futures magazine, The Gold Newsletter, Resource Consultants, Resource World, Investment Rarities, The Idaho Observer, Barron's, and The Wall Street Journal. Mr. Morgan does weekly Money, Metals and Mining Review for Kitco. He is hosted monthly on Financial Sense with Jim Puplava. Mr. Morgan was published in the Global Investor regarding Ten Rules of Silver Investing, which you can receive for free. His book Get the Skinny on Silver Investing is available on Amazon or the link provided.

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Investing and speculation are inherently risky and should not be taken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.

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