Ned W. Schmidt, CFA, CEBS, has more than thirty years of experience as a value oriented investment manager and researcher. His investment activities have included management of $3.5 billion of discretionary portfolios serving individuals and retirement plans. Mr. Schmidt was for many yeas the value editor for the Global Advisor published in Toronto, and successfully managed an offshore mutual fund for that firm. The third edition of his major Gold report, $1,265 GOLD, published in 2003, has been read around the world. He was also a long time Adjunct Professor of Finance at Nova Southeastern University.