From: Chris Matthai, Oxford Club Research Director
Sent: Monday, December 22, 2008 2:10 PM
To: Oxford Advisory Panel: James Boxley Cooke; Alexander Green; Julia Guth;
Louis Basenese
Subject: One of the World's Largest Silver Deposits - Earning Profits by Q1 2009

I've found an opportunity that simply must be communicated to our readers.

It's creating new wealth based on a bold prediction made 15 years ago. And right now, a number of market forces have aligned to turn this into an explosive - and extremely time sensitive - opportunity.

It's an opportunity for our readers to protect their wealth in today's market conditions and profit significantly. Our projections show gains as high as 573% over the next few months.

I have plenty of research to back this up. All the facts, figures and statistics like usual, and I'll get to them in just a moment.

But this opportunity has such an amazing story I have to start there.

Fifteen years ago, a group of investors bought one of the largest reserves of silver in the world - nearly a billion ounces - spread across seven countries and six continents.

They spent millions on the acquisitions. But it seemed strange at the time because silver was almost worthless. And once this group had made the purchase, they promptly did nothing with the silver.

They didn't mine the silver; they didn't sell the silver; and they didn't make any profits from it. In effect, the group decided to "abandon" the silver for the next 15 years and not make a single dollar from selling silver.

But this unorthodox arrangement allowed the company to build up over $12.5 billion in hidden reserves and fall "off the radar" of virtually every minerals analyst. So naturally, their share price plummeted, which was fine by them.

The skill and secrecy with which this group managed this silver deposit have led those in-the-know to call them the "Silversmiths." And they are truly masters of their craft.

Of course, that's all in the past. The "Silversmiths" have nearly finished this decade-plus masterpiece. We need to move on this opportunity today, because our sources say, they are about to cash it in.

Here is what's about to happen. In just a month or so, the "Silversmiths" will break ground on the eastern edge of the Atacama Desert in northern Argentina to begin extracting the massive amounts of silver.

So our readers still have time to "claim" their share and possibly earn 573% in months. They might not need to wait long to gain from one of the largest silver deposits in the world.

What's more, these are real assets - not mortgages, not derivatives. This giant pile of silver is worth real money. So this silver provides a necessary hedge, but not just a hedge, because it has the power to make investors rich.

And there are two important features about today's markets that make this play even better:

• As the turmoil in the financial market eases, commodities and precious metals could be the first to lead the charge upwards.

• For reasons I will outline later, silver could prove more valuable than gold through the next decade.

But first, let me give you a little more background:

Precious Metals Become Precious Again

As you may know, in 1993, no one was interested in silver. It sold for about $3 an ounce, and it cost about that much to pull it out of the ground. You couldn't give the stuff away.

But that gave the "Silversmiths" their opening: They bought their billion ounces at absolute rock bottom prices.

Then, the price of silver started to rise. Within a year, it was selling for $5 an ounce.

By 1997, it was selling for $6. And by 1998, it was up to $7. 

Still, the "Silversmiths" did nothing. In fact, for 15 years, the "Silversmiths" reported practically nothing but small losses - the cost of upkeep on dormant mining deposits and salaries for a few secretaries at headquarters. (They reported a profit twice. Once when they sold off a mine, and in 1994 when they had some remnants from their old business model.)

During all of those years they weren't making a dime, everyone ignored them. Wall Street, private equity, hedge funds; they're not interested if you're not making money.

After 15 Years of Waiting – Profits Within
6 Months

But when silver crossed the $15 mark earlier this year, the "Silversmiths" quietly sprang into action.

At one of their properties in Argentina, the camp for construction and mine workers has just been completed. Connections to a natural gas terminal 36 kilometers away are being put into place. And starting in the first quarter of 2009, the mine should start producing pure profits for the next 14 years.

Of course, this is just one property. Four other properties are in the advanced drilling stages and well-positioned to take advantage of current silver prices.

As the first silver gets shipped, the first profits could follow quickly. That's when all hell could break loose. The Wall Street barbarians could start sniffing around the "Silversmiths'" books and expose this profit opportunity to the world - after taking the biggest gains for themselves, of course.

That's why we think that the returns for early-in investors could easily reach 573% within months of word getting out to the public.

As I say, the first production is slated to take place in the first quarter of 2009. But individual investors like our readers can join in now, ahead of the announcements and profit from this opportunity 15 years in the making.

But before I go any further, I must implore you to keep the name of this company completely confidential. We'll release our report at the proper time. But for now, we must wait until everything is in place.

The Time Has Never Been Better for Commodities

Most of you have been at the Clubhouse when we've talked about commodities. We all agree commodities should be the first investments to surge once we get through this initial credit crisis. So forgive me if I repeat some things that you already know.

The case is simple... it all comes down to two factors:

#1. The current crisis has led to forced selling by hedge funds and other investors.

Because they couldn't maintain their leverage, professional investors have had to raise cash fast. Many of them turned to the "realest" assets they had - gold, silver, oil - and unloaded them at whatever price they could get.

That selling spiral cooled commodity prices off of the highs they set in the summer. But this is no reason to think the commodity bull market has come to an end.

#2. All the real factors for a commodity bull market remain intact:

	There are still 6.5 billion people clamoring for all of the available commodities we can find, and the total world population is growing faster each day.
	There are still 1.3 billion Chinese getting richer each and every day. Their middle class stands 300 million strong, and each person wants the resource intensive amenities Americans enjoy.
	There is still another billion in India about to enter the world economy and gobble resources for new cars and infrastructure projects.
	We're still using commodity reserves found in the 60s and 70s. The low prices since then discouraged exploration and expansion. Decades of chronic underinvestment in new commodity sources have led to today's supply pinch.

On top of all that, the roiling credit markets have made it difficult for poorly capitalized mining companies to finance projects. This will further constrain supply, possibly to the breaking point.

Research has proven commodities bull markets are cyclical and typically last 15 to 20 years. We're only six years into this one, and all the forces pushing prices higher remain strong.

It's all summed up beautifully by commodities guru, Jim Rogers:

"There is no question that commodity prices have cooled off, but that is the way the market works. You always have consolidation and correction. Three times in the last nine years, oil prices have gone down by 50 percent, and each time it was not the end of the bull market. If suddenly someone discovers huge oil reserves then the bull market is still on... in the 1970s, gold went down 50 percent, but after two years it turned around and went up 850 percent."

All this means the recent decline in commodity and precious metals prices is nothing but an opportunity.

And the decline in the stock market has given our readers a once-in-a-lifetime buying opportunity for mining companies. Take a look at the chart of the price-to-earnings ratios of mining companies.

I've never seen mining companies this cheap. It just doesn't make any sense. These companies pull real hard assets out of the ground. There is no sensible reason for these sturdy companies to be available at these prices. 

But they are. The market is not sensible right now. A market anomaly this severe only comes about every 30 to 40 years. 

And that spells huge opportunity. Investors who load up on mining companies now could make a new fortune over the next few years.

The Case for Silver is Even More Precious

In times of uncertainty, investors hedge with gold. But right now, they have to include some silver in their portfolio. Silver is absurdly undervalued.

Normally, the values of gold and silver move together. Experts measure this with the gold/silver ratio by dividing the price of gold by the price of silver. This ratio shows the number of ounces of silver it takes to buy one ounce of gold. Over the last 200 years, the mean gold/silver ratio has been 31.32.

Today the Ratio Has Surged to 76

This means either the price of gold should drop by about 66% (not likely... gold itself will likely rise in the coming months) or silver prices must triple to get back in line.

What this means is the $12 billion hoarded by the "Silversmiths" could be more like $18, $20, or $36 billion in very short order.

But there's another reason silver deserves your attention.

Silver isn't just a store of value, it's a consumption commodity.

Globally, 63% of demand for silver comes from industry or photography. Only 27% ends up in coins, medals or jewelry. Silver goes into everything from batteries to ball bearings, electronics to electroplating, and medical devices to mirrors.

Only 11% of gold demand comes from industrial uses, and the gap is widening.

Researchers find new uses for silver constantly. For example, UK researchers found that coating medical equipment in silver ions prevents infections. Coating lumber with a fine silver mist makes it resistant to mold and mildew.

As industrial consumption increases, less of each year's production will be available for holding as a precious metal. As a result, those looking for silver will pay higher and higher prices.

Today's readers need safety without sacrificing the potential for profits. We simply can't find a better opportunity than the "Silversmiths" and a few other under-the-radar mining properties. But we'll have to act quickly.

Let's meet tomorrow to discuss this time-sensitive opportunity.

I also want to tell you about four other opportunities that I want to include in our report. They are:

• A "deep-value" opening to join the global "royal family" of mining as they build one of the world's largest mines deep in the African Congo for possible gains of 555%.

• One company processing "junk ore" chock full of copper with innovative technology could allow this little discovery to practically print cash for gains of as much as 290%.

• A firm that has isolated the most profitable phase of mining...
  and gets loads of equity on top of cash payments for doing it.

• A mining stalwart that's earning a larger profit margin per ounce of gold than any other company in the industry and headed for a possible gain of 172%.

Yours sincerely,

Chris Matthai
Research Director, The Oxford Club