American Portfolio

American Portfolio a s s e t

M a n a g e m e n t,

i n c o r p o r at e d

Dear Future investor

American Portfolio Asset Management has a wide variety of services available for investors who are interested in investing or purchasing gold, silver, platinum and other precious metals. We are committed to provide the highest quality service. Our goal is to help investors protect and increase their wealth through our management of their precious metals portfolio.

The wise investor understands the three keys to successful investing: timing, performance and safety. That's why we at American Portfolio Asset Management are prepared to answer your questions, concerns, and financial goals. We gladly provide the time and personal attention you deserve. Anticipating market cycles is a complex process and many investors simply do not have the time or expertise to shift their assets as conditions change.

Successful investing requires having your money in the right places, at the right time, and in the right amounts. Today, many investors are broadening their portfolios to include an everincreasing variety of investment vehicles in an effort to improve their overall performance, with the highest returns.

At American Portfolio Asset Management we believe that in order to survive these troubling economic times the wise investor must have a Diversified Portfolio.

Our Commitment to You As an American Portfolio client, you will work one-on-one with an Account Executive, as well as our Client Services and Compliance Departments, thus assuring the highest level of personal attention.

American Portfolio takes pride in educating, guiding and advising our clients throughout the duration of what we trust will be a long term investment relationship. We will keep you posted on market trends and activity and provide you with up-to the minute news events that could affect your investment purchase. We want nothing more than to have you become and remain a satisfied client, as many other investors have over the years.

Precious Metals The wise investor understands the three keys to successful investing: timing, performance and safety. That’s why we at American Precious Metals are prepared to answer your questions, concerns and financial goals. We gladly provide the time and personal attention you deserve.

Anticipating market cycles is a complex process and many investors simply do not have the time or expertise to shift their assets as conditions change.

Successful investing requires having your money in the right places, at the right time, and in the right amounts.

Today, many investors are broadening their portfolios to include an everincreasing variety of investment vehicles in an effort to improve their overall return.

The key to buying precious metals is timing. Read the list below. These are some of the conditions that, in the past have been the primary forces that drive precious metal prices higher in values. The more these conditions that exist at the same time, the more likely metals will go up.

1. Rising Demand and Falling Supply

2. Increasing Inflation

For a comprehensive archive

of news articles as well as

comments from analysts and experts in their field, visit our at website

3. High National Debt

w w w . a m e r i c a n p o r t f o l i o . c o m

4. A Falling U.S. Dollar 5. Economic Instability and Uncertainty 6. Trade Deficits 7. Act of Terrorism

8. Worldwide Geo-Political Instability

9. Third World Debt Problems

We look forward to serving you with the care and professionalism that you deserve.

American Portfolio

American Portfolio

a s s e t

M a n a g e m e n t,

i n c o r p o r at e d

Dear Future investor

American Portfolio Asset Management has a wide variety of services available for investors who are interested in investing or purchasing gold, silver, platinum and other precious metals. We are committed to provide the highest quality service. Our goal is to help investors protect and increase their wealth through our management of their precious metals portfolio.

The wise investor understands the three keys to successful investing: timing, performance and safety. That's why we at American Portfolio Asset Management are prepared to answer your questions, concerns, and financial goals. We gladly provide the time and personal attention you deserve. Anticipating market cycles is a complex process and many investors simply do not have the time or expertise to shift their assets as conditions change.

Successful investing requires having your money in the right places, at the right time, and in the right amounts. Today, many investors are broadening their portfolios to include an everincreasing variety of investment vehicles in an effort to improve their overall performance, with the highest returns.

At American Portfolio Asset Management we believe that in order to survive these troubling economic times the wise investor must have a Diversified Portfolio.

Our Commitment to You As an American Portfolio client, you will work one-on-one with an Account Executive, as well as our Client Services and Compliance Departments, thus assuring the highest level of personal attention.

American Portfolio takes pride in educating, guiding and advising our clients throughout the duration of what we trust will be a long term investment relationship. We will keep you posted on market trends and activity and provide you with up-to the minute news events that could affect your investment purchase. We want nothing more than to have you become and remain a satisfied client, as many other investors have over the years.

Precious Metals The wise investor understands the three keys to successful investing: timing, performance and safety. That’s why we at American Precious Metals are prepared to answer your questions, concerns and financial goals. We gladly provide the time and personal attention you deserve.

Anticipating market cycles is a complex process and many investors simply do not have the time or expertise to shift their assets as conditions change.

Successful investing requires having your money in the right places, at the right time, and in the right amounts.

Today, many investors are broadening their portfolios to include an everincreasing variety of investment vehicles in an effort to improve their overall return.

The key to buying precious metals is timing. Read the list below. These are some of the conditions that, in the past have been the primary forces that drive precious metal prices higher in values. The more these conditions that exist at the same time, the more likely metals will go up.

1. Rising Demand and Falling Supply

2. Increasing Inflation

For a comprehensive archive

of news articles as well as

comments from analysts and experts in their field, visit our at website

3. High National Debt

w w w . a m e r i c a n p o r t f o l i o . c o m

4. A Falling U.S. Dollar 5. Economic Instability and Uncertainty 6. Trade Deficits 7. Act of Terrorism

8. Worldwide Geo-Political Instability

9. Third World Debt Problems

We look forward to serving you with the care and professionalism that you deserve.

American Portfolio

American Portfolio

a s s e t

M a n a g e m e n t,

i n c o r p o r at e d

G old From the dawn of civilization, gold’s beauty and luster have produced a rare mythical quality unmatched by any other metal. Gold is one of the earliest and most valued metals known to man. For centuries men everywhere have dreamed of finding gold. Men have mined it, bartered with it, and even died for it since the beginnings of civilization. It is virtually indestructible, resists corrosion, blocks 98% of radioactivity and conducts electricity. Its uses are almost endless and have just begun to be tapped.

Limited Supply Today some 90% of the world’s gold is found in only four countries, South Africa, the former Soviet Union, the United States and Canada. South Africa has dominated world gold production and accounts for about 50% of the total world supply. The former Soviet Union accounts for 32%, the United States for 6%, and Canada for 3%.

The rest of the world combined produces about 9%. The total yield, however, has been incredibly small. Unlike other such commodities, because of hoarding and stockpiling, each year’s production is a very small part of the available supply.

An estimated 2/3 of all the gold on earth has already been mined. Only about 88,000 tons have been extracted from the earth in all of recorded history. All of this could be formed into one cube 18 yards high. It is this scarcity, along with gold’s beauty, durability, and compactness that has made gold the ideal standard and store of value.

Worldwide Liquidity Perhaps the most amazing feature of gold is its stability as a standard of real value.

Although its value may fluctuate, history proves its buying power tends to remain the same.

Gold has been the most coveted metal in the world and the single most trusted

international medium of exchange for thousands of years. Trade between countries frequently is based on gold’s value as it is the world’s most reliable currency. While paper currencies have been devalued, eroded by inflation, and become virtually worthless, gold has maintained its purchasing power.

Gold has been the established monetary standard for centuries. During times of inflation, people have turned to gold for both profit and protection.

Proven hedge Against Inflation The primary factors influencing gold prices are anticipated inflation caused by huge U.S. deficits and the diminishing power of world currencies. As people lose

Gold, unlike paper currencies or other commodities, has retained its value during both crisis and calm periods throughout the history of civilization.

American Portfolio

a s s e t

confidence in a government’s ability to control inflationary pressures, they turn to gold. While gold prices may fluctuate from day to day in world markets, the long-term demand for this timeless treasure can be expected to continue. The current gold market conditions offer profitable opportunities; take advantage of these opportunities and own gold today.

M a n a g e m e n t,

i n c o r p o r at e d

G old From the dawn of civilization, gold’s beauty and luster have produced a rare mythical quality unmatched by any other metal. Gold is one of the earliest and most valued metals known to man. For centuries men everywhere have dreamed of finding gold. Men have mined it, bartered with it, and even died for it since the beginnings of civilization. It is virtually indestructible, resists corrosion, blocks 98% of radioactivity and conducts electricity. Its uses are almost endless and have just begun to be tapped.

Limited Supply Today some 90% of the world’s gold is found in only four countries, South Africa, the former Soviet Union, the United States and Canada. South Africa has dominated world gold production and accounts for about 50% of the total world supply. The former Soviet Union accounts for 32%, the United States for 6%, and Canada for 3%.

The rest of the world combined produces about 9%. The total yield, however, has been incredibly small. Unlike other such commodities, because of hoarding and stockpiling, each year’s production is a very small part of the available supply.

An estimated 2/3 of all the gold on earth has already been mined. Only about 88,000 tons have been extracted from the earth in all of recorded history. All of this could be formed into one cube 18 yards high. It is this scarcity, along with gold’s beauty, durability, and compactness that has made gold the ideal standard and store of value.

Worldwide Liquidity Perhaps the most amazing feature of gold is its stability as a standard of real value.

Although its value may fluctuate, history proves its buying power tends to remain the same.

Gold has been the most coveted metal in the world and the single most trusted

international medium of exchange for thousands of years. Trade between countries frequently is based on gold’s value as it is the world’s most reliable currency. While paper currencies have been devalued, eroded by inflation, and become virtually worthless, gold has maintained its purchasing power.

Gold has been the established monetary standard for centuries. During times of inflation, people have turned to gold for both profit and protection.

Proven hedge Against Inflation The primary factors influencing gold prices are anticipated inflation caused by huge U.S. deficits and the diminishing power of world currencies. As people lose

Gold, unlike paper currencies or other commodities, has retained its value during both crisis and calm periods throughout the history of civilization.

American Portfolio

a s s e t

confidence in a government’s ability to control inflationary pressures, they turn to gold. While gold prices may fluctuate from day to day in world markets, the long-term demand for this timeless treasure can be expected to continue. The current gold market conditions offer profitable opportunities; take advantage of these opportunities and own gold today.

M a n a g e m e n t,

i n c o r p o r at e d

S ilver Our world is quite literally, running out of silver. World demand for silver exceeds annual production and has every year since 1990 - a total of 19 straight years! Above ground stockpiles of silver are low, shrinking rapidly and approaching zero. Since the end of WWII, for example, the U.S. government - once the largest stockpiler of silver on the planet - has dumped billions and billions of ounces of silver onto the world market, effectively depressing silver prices.

Today, that government silver hoard is gone... and now the U.S. government is a buyer of silver.

Few primary silver mines are operating due to currently low silver prices approximately 75% of newly mined silver is actually a by-product of base metal mining of lead, tin, copper and zinc.

Reopening abandoned primary silver mines

Demand for silver is growing every day At the same time, investment demand for silver is building throughout the world and could increase greatly in the months and years ahead.

New uses for silver - such as “invisible silver,” a transparent coating of silver on double pane thermal windows... high temperature superconductor (HTS) electrical transmission wire for the world’s power grid systems... and silver-based biocides, an alternative treatment for wood preservation, are continually being developed, further increasing the demand.

All this at a time when easily available supplies of silver are quickly disappearing.

Silver is an industrial as well as monetary metal. Unlike gold, which is held and hoarded, the majority of silver is consumed in manufacturing processes, effectively depleting the available supplies. China,

or developing new mines is a timely and

price per oz., according to natural resource expert John Myers, editor of widely-read newsletters, "Outstanding Investments" and "Resource Trader Alert".

All this adds up to a compelling case for buying silver now.

Looking at the current supply/demand picture for silver and its current price levels, we believe this is the greatest opportunity in precious metals in 20 years.

We are not alone in our thinking.

Warren Buffet, chairman of BerkshireHathaway and considered by many to be the world’s most successful investor, is said to own over 100 million ounces of physical silver. Bill Gates, founder of Microsoft and the world’s richest man, recently acquired more than 10% interest in Pan American Silver Corp., a leading silver producer with nearly 750 million ounces of silver reserves.

Remember to visit www.americanportfolio.com

costly process, and is unlikely to occur until silver prices stabilize at a considerably higher

the world’s fastest growing industrial powerhouse, is consuming silver (and other metals) at an incredible rate as it continually expands its manufacturing capacity. Other Asian countries, most notably Japan, are also significant buyers of silver for industrial as well as for saving and investment purposes.

If you are an investor intrigued by what many consider to be a greatly undervalued tangible asset poised for potentially dramatic price moves in the months and years ahead,

American Portfolio

a s s e t

act now and contact your American Precious Metals Representative. He or she will be happy to discuss your investment and design a portfolio that best fits your personal objectives.

M a n a g e m e n t,

i n c o r p o r at e d

S ilver Our world is quite literally, running out of silver. World demand for silver exceeds annual production and has every year since 1990 - a total of 19 straight years! Above ground stockpiles of silver are low, shrinking rapidly and approaching zero. Since the end of WWII, for example, the U.S. government - once the largest stockpiler of silver on the planet - has dumped billions and billions of ounces of silver onto the world market, effectively depressing silver prices.

Today, that government silver hoard is gone... and now the U.S. government is a buyer of silver.

Few primary silver mines are operating due to currently low silver prices approximately 75% of newly mined silver is actually a by-product of base metal mining of lead, tin, copper and zinc.

Reopening abandoned primary silver mines

Demand for silver is growing every day At the same time, investment demand for silver is building throughout the world and could increase greatly in the months and years ahead.

New uses for silver - such as “invisible silver,” a transparent coating of silver on double pane thermal windows... high temperature superconductor (HTS) electrical transmission wire for the world’s power grid systems... and silver-based biocides, an alternative treatment for wood preservation, are continually being developed, further increasing the demand.

All this at a time when easily available supplies of silver are quickly disappearing.

Silver is an industrial as well as monetary metal. Unlike gold, which is held and hoarded, the majority of silver is consumed in manufacturing processes, effectively depleting the available supplies. China,

or developing new mines is a timely and

price per oz., according to natural resource expert John Myers, editor of widely-read newsletters, "Outstanding Investments" and "Resource Trader Alert".

All this adds up to a compelling case for buying silver now.

Looking at the current supply/demand picture for silver and its current price levels, we believe this is the greatest opportunity in precious metals in 20 years.

We are not alone in our thinking.

Warren Buffet, chairman of BerkshireHathaway and considered by many to be the world’s most successful investor, is said to own over 100 million ounces of physical silver. Bill Gates, founder of Microsoft and the world’s richest man, recently acquired more than 10% interest in Pan American Silver Corp., a leading silver producer with nearly 750 million ounces of silver reserves.

Remember to visit www.americanportfolio.com

costly process, and is unlikely to occur until silver prices stabilize at a considerably higher

the world’s fastest growing industrial powerhouse, is consuming silver (and other metals) at an incredible rate as it continually expands its manufacturing capacity. Other Asian countries, most notably Japan, are also significant buyers of silver for industrial as well as for saving and investment purposes.

If you are an investor intrigued by what many consider to be a greatly undervalued tangible asset poised for potentially dramatic price moves in the months and years ahead,

American Portfolio

a s s e t

act now and contact your American Precious Metals Representative. He or she will be happy to discuss your investment and design a portfolio that best fits your personal objectives.

M a n a g e m e n t,

i n c o r p o r at e d

P latinum Platinum’s supply/demand fundamentals are extremely tight.

In fact, some estimates suggest if platinum mining were to stop today, there would be only about a year’s supply available to industry. Conversely, above ground supplies of gold would last nearly a quarter of a century.

Platinum, one of the world’s most beautiful metals is also one of the rarest – about 100 times more rare than gold.

Because platinum is both a vital industrial metal and one with limited sources of supply, it is considered a strategic metal. The former Soviet Union and South Africa account for about 90% of the world’s primary platinum production. Canada produces about 5% of the platinum supplies, and the bulk of domestic platinum supplies are obtained from reclaiming operations or import.

Fears of supply interruptions have resulted in the U.S. Government holding platinum in its Strategic Stockpiles.

The United States depends largely on foreign platinum supply. Since platinum is commonly found in conjunction with nickel, a costly refining process is necessary to recover even menial quantities of the metal from tons of ore. This is a primary reason for platinum’s exceptionally high value. Combined with its rarity, the demand for platinum in the marketplace exceeds its free world supply, making it an extremely attractive investment opportunity.

American Portfolio

an excellent investment medium; it can act as a hedge against inflation as well as provide long or short term profit.

Prized for many reasons Something of value now and in the future In spite of its rarity, platinum has established a pattern as an excellent investment vehicle. Although gold and silver are the predominant precious metal holdings, there has been a significant increase in platinum investments over the past several years. During this period the price of platinum has risen to a high of over $1100 from its low of less than $200.

Rapid growth in demand and limited supplies has contributed to platinum’s popularity with investors. Many investors in metals now include platinum in their portfolio. No wonder platinum is considered

Well known for its use in fine jewelry, platinum has a variety of strategic applications that add to its universal demand.

Important for its catalytic properties, and resistance to corrosion, platinum plays a role in the manufacturing of gasoline, fiberglass and catalytic converters. It is also widely used in the electrical, chemical and medical industries.

Growth in platinum consumption worldwide is expected to increase tremendously. Usage in established markets is increasing and new markets are constantly being developed; factors that promise to keep demand for platinum high and investment potential excellent.

American Portfolio gives you instant access to our trading room. Once your account is opened, you can: • Call us toll-free!

• Buy and sell gold, silver and platinum.

• Take advantage of our powerful leverage program • Get up-to-the minute market quotes – free!

a s s e t

M a n a g e m e n t,

• Acquire collateral loan facilities!

• Receive a full monthly statement and our latest research reports!

• Use your excess equity to purchase additional metals or have your profits sent home!

i n c o r p o r at e d

P latinum Platinum’s supply/demand fundamentals are extremely tight.

In fact, some estimates suggest if platinum mining were to stop today, there would be only about a year’s supply available to industry. Conversely, above ground supplies of gold would last nearly a quarter of a century.

Platinum, one of the world’s most beautiful metals is also one of the rarest – about 100 times more rare than gold.

Because platinum is both a vital industrial metal and one with limited sources of supply, it is considered a strategic metal. The former Soviet Union and South Africa account for about 90% of the world’s primary platinum production. Canada produces about 5% of the platinum supplies, and the bulk of domestic platinum supplies are obtained from reclaiming operations or import.

Fears of supply interruptions have resulted in the U.S. Government holding platinum in its Strategic Stockpiles.

The United States depends largely on foreign platinum supply. Since platinum is commonly found in conjunction with nickel, a costly refining process is necessary to recover even menial quantities of the metal from tons of ore. This is a primary reason for platinum’s exceptionally high value. Combined with its rarity, the demand for platinum in the marketplace exceeds its free world supply, making it an extremely attractive investment opportunity.

American Portfolio

an excellent investment medium; it can act as a hedge against inflation as well as provide long or short term profit.

Prized for many reasons Something of value now and in the future In spite of its rarity, platinum has established a pattern as an excellent investment vehicle. Although gold and silver are the predominant precious metal holdings, there has been a significant increase in platinum investments over the past several years. During this period the price of platinum has risen to a high of over $1100 from its low of less than $200.

Rapid growth in demand and limited supplies has contributed to platinum’s popularity with investors. Many investors in metals now include platinum in their portfolio. No wonder platinum is considered

Well known for its use in fine jewelry, platinum has a variety of strategic applications that add to its universal demand.

Important for its catalytic properties, and resistance to corrosion, platinum plays a role in the manufacturing of gasoline, fiberglass and catalytic converters. It is also widely used in the electrical, chemical and medical industries.

Growth in platinum consumption worldwide is expected to increase tremendously. Usage in established markets is increasing and new markets are constantly being developed; factors that promise to keep demand for platinum high and investment potential excellent.

American Portfolio gives you instant access to our trading room. Once your account is opened, you can: • Call us toll-free!

• Buy and sell gold, silver and platinum.

• Take advantage of our powerful leverage program • Get up-to-the minute market quotes – free!

a s s e t

M a n a g e m e n t,

• Acquire collateral loan facilities!

• Receive a full monthly statement and our latest research reports!

• Use your excess equity to purchase additional metals or have your profits sent home!

i n c o r p o r at e d

Secured Storage or Delivery Your precious metals are held as collateral at various secured precious metals depositories or you may arrange for delivery to anywhere in the world.

Financing

Charges

Equity

Up to 80% of the current market value with a minimum finance amount of $2,000.

Charges may vary depending on the lending institution and the depository.

From 20% of the current market value.

Interest

Equity Maintenance

Liquidity

Interest rates on the collateralized balance are competitive (approximately 4.5% above the current “prime rate�)

Minimum 10% of the current market value.

You may instantly liquidate any portion or your entire portfolio with one simple phone call to your representative.

Your account offers the unique opportunity to participate in the enormous profit potential offered to you in the precious metals market. Contact your American Portfolio representative today for further information and visit our website at w w w . a m e r i c a n p o r t f o l i o . c o m

American Portfolio

Secured Storage or Delivery Your precious metals are held as collateral at various secured precious metals depositories or you may arrange for delivery to anywhere in the world.

Financing

Charges

Equity

Up to 80% of the current market value with a minimum finance amount of $2,000.

Charges may vary depending on the lending institution and the depository.

From 20% of the current market value.

Interest

Equity Maintenance

Liquidity

Interest rates on the collateralized balance are competitive (approximately 4.5% above the current “prime rate�)

Minimum 10% of the current market value.

You may instantly liquidate any portion or your entire portfolio with one simple phone call to your representative.

Your account offers the unique opportunity to participate in the enormous profit potential offered to you in the precious metals market. Contact your American Portfolio representative today for further information and visit our website at w w w . a m e r i c a n p o r t f o l i o . c o m

American Portfolio

Hypothetical Profit Example

Getting Started Once you have received all the information from American Portfolio just follow these simple steps (123).

As soon as these steps have been taken and the paperwork has been reviewed and approved by our Compliance Department, you will receive a confirmation of the transaction from American Precious Metals as well as statements from the lending institution. From that point you may call American Precious Metals as often as you like to receive market updates on your transactions. Your broker and trading office is always available to you by phone or you may visit our website at www.americanpreciousmetalsllc.com for up to date market information and current newsletters.

1

Call your American Portfolio representative.

2

Sign the Account Opening documents and return them as instructed.

Risk Disclosure Statement

3

ozs. of

# OF OUNCES

at

PRECIOUS METAL

TOTAL METAL VALUE

+

transaction, the risks involved, the commissions

of the prices of precious metals, the purchase of

and/or sale of any precious metals be placed by

charged, and other matters relative to your

such vehicles involves a high degree of risk. A risk

you directly with our compliance department.

account. Unless we are immediately advised to

of loss of your entire investment is possible. You

Your account executive is required to service your

the contrary, we will assume your answers have

should therefore consider whether such activity

needs and often will make recommendations to

not been prompted and are being given by you as

is suitable for you in light of your financial

you. He is permitted to directly accept orders

frankly and honestly as possible. If your account

position. Only risk capital should be used.

on your behalf. We are providing a method

executive suggests to you that you do not

by which you control all trading decisions for

answer the questions of the compliance officer

your own account. We require that one of our

truthfully, we urge you to immediately advise

compliance officers ask you a series of questions

the compliance officer. Such representations are

and obtain answers from you which assures

unauthorized and will be dealt with accordingly

us that you are aware of the nature of the

by management.

____% OF METAL VALUE

____% OF METAL VALUE

per oz.=

PRICE PER 0Z.

=

# OF OZS.

per oz.=

PRICE PER 0Z. i n c o r p o r at e d

TOTAL investment

please be advised that all mathematical examples of profit are purely hypothetical above example is not necessarily indicative of past, present or future client results. results may very, depending on market conditions. this investment is speculative. please read all risk disclosures prior to purchase.

Equity=

It is our policy that all orders for the purchase

M a n a g e m e n t,

NEW ACCOUNT FEE

Loan Balance=

Because of the volatile and unpredictable nature

a s s e t

=

AMOUNT OF INVESTMENT

Send a cashier’s check, or bank wire.

TOTAL METAL VALUE

PRICE PER OZ.

x___%=

For Our Mutual Protection

American Portfolio

per oz.=

-

VALUE

=

# OF OZS.

=

LOAN BALANCE

-

VALUE

NET RETURN

=

LOAN BALANCE

NET RETURN

Hypothetical Profit Example

Getting Started Once you have received all the information from American Portfolio just follow these simple steps (123).

As soon as these steps have been taken and the paperwork has been reviewed and approved by our Compliance Department, you will receive a confirmation of the transaction from American Precious Metals as well as statements from the lending institution. From that point you may call American Precious Metals as often as you like to receive market updates on your transactions. Your broker and trading office is always available to you by phone or you may visit our website at www.americanpreciousmetalsllc.com for up to date market information and current newsletters.

1

Call your American Portfolio representative.

2

Sign the Account Opening documents and return them as instructed.

Risk Disclosure Statement

3

ozs. of

# OF OUNCES

at

PRECIOUS METAL

TOTAL METAL VALUE

+

transaction, the risks involved, the commissions

of the prices of precious metals, the purchase of

and/or sale of any precious metals be placed by

charged, and other matters relative to your

such vehicles involves a high degree of risk. A risk

you directly with our compliance department.

account. Unless we are immediately advised to

of loss of your entire investment is possible. You

Your account executive is required to service your

the contrary, we will assume your answers have

should therefore consider whether such activity

needs and often will make recommendations to

not been prompted and are being given by you as

is suitable for you in light of your financial

you. He is permitted to directly accept orders

frankly and honestly as possible. If your account

position. Only risk capital should be used.

on your behalf. We are providing a method

executive suggests to you that you do not

by which you control all trading decisions for

answer the questions of the compliance officer

your own account. We require that one of our

truthfully, we urge you to immediately advise

compliance officers ask you a series of questions

the compliance officer. Such representations are

and obtain answers from you which assures

unauthorized and will be dealt with accordingly

us that you are aware of the nature of the

by management.

____% OF METAL VALUE

____% OF METAL VALUE

per oz.=

PRICE PER 0Z.

=

# OF OZS.

per oz.=

PRICE PER 0Z. i n c o r p o r at e d

TOTAL investment

please be advised that all mathematical examples of profit are purely hypothetical above example is not necessarily indicative of past, present or future client results. results may very, depending on market conditions. this investment is speculative. please read all risk disclosures prior to purchase.

Equity=

It is our policy that all orders for the purchase

M a n a g e m e n t,

NEW ACCOUNT FEE

Loan Balance=

Because of the volatile and unpredictable nature

a s s e t

=

AMOUNT OF INVESTMENT

Send a cashier’s check, or bank wire.

TOTAL METAL VALUE

PRICE PER OZ.

x___%=

For Our Mutual Protection

American Portfolio

per oz.=

-

VALUE

=

# OF OZS.

=

LOAN BALANCE

-

VALUE

NET RETURN

=

LOAN BALANCE

NET RETURN

Commitment to you As an American Portfolio client, you will work one-on-one with an Account Executive, as well as our Client Services and Compliance Departments, thus assuring the highest level of personal attention.

American Portfolio takes great pride in educating, guiding and advising our clients throughout the duration of what we trust will be a long term investment relationship.

We will keep you posted on market activity and provide you with up-to the minute news events that could affect your purchase. We want nothing more than to have you become and remain a satisfied client.

We look forward to serving you.

Markets are always moving and news is always changing.

Consult our website often for current articles and newsletters at

www.americanportfolio.com

Commitment to you As an American Portfolio client, you will work one-on-one with an Account Executive, as well as our Client Services and Compliance Departments, thus assuring the highest level of personal attention.

American Portfolio takes great pride in educating, guiding and advising our clients throughout the duration of what we trust will be a long term investment relationship.

We will keep you posted on market activity and provide you with up-to the minute news events that could affect your purchase. We want nothing more than to have you become and remain a satisfied client.

We look forward to serving you.

Markets are always moving and news is always changing.

Consult our website often for current articles and newsletters at

www.americanportfolio.com

American Portfolio a s s e t

M a n a g e m e n t,

i n c o r p o r at e d

3230 W. Prospect Road Suite 130 Fort Lauderdale, FL 33309 T: 954.676.5757 Ext. 1234 www. americanportfolio.com