Member Info for N08s

Speedy I second that. What many people don’t realise is that the price of gold is not going up, it is the Fiat (toilet) paper has devalued so much, hence why products are becoming so expensive but really you are just getting less for your devalued £ or $. The more money they print the weaker it becomes. It is a way of the government taking money from you in stealth mode. The only way to stop it is by owning your own gold and silver,. You lose when you spend fiat, but gain it back as gold and silver price increases. That is why it is such a great hedge against inflation.

Speedy,

That depends on how you bought it. I am

Lucky enough to live in a country where I can just drive down the road and purchase silver direct from a dealer. No VAT, No Taxes, No Storage Fees, No Insurance. I have heard some real horror stories about some of these companies selling the same bar again and again, more than one person owns the same bar. When you want to take delivery reality hits. Some people spending weeks or even months trying to take delivery of their metals, waiting weeks on signatures or approvals.

Hello Awax, I do not see any harm in people keeping small coins, I can only see positives. Everyone should have a stash. There is no doubt that the existing Fiat Currency System is crumbling, through out history Fiat systems have all had a life span and failed, are we coming to the end of ours ?

Doozer, I agree with you, physicaly holding is the way to go, as many have mentioned silver is volatile, spikes in price happen quickly and I don’t won’t to wait 1, 2 or 3 weeks to get my silver out of someone else’s vault, could have missed the spike in price by then.

You are correct Speedy, one of the reasons why I physically hold it. Ready to sell/swap at short notice.

Hello Sageman,

Personally I hold the physical product. Have done for a number of years now, you don’t realise the benefits until you have it, best ever hedge against inflation, they can’t take it away from you, way better than keeping any money in the bank which can go belly up at any time. Price of silver has doubled over the past couple of years, you ain’t going to get that from a bank. Silvers day is on the horizon, those holding it are going to benefit massively.

Now is the time to be buying silver not gold because of the ratio of silver to gold is out of whack. A month or two back it took around 105 Ozs of silver to buy 1 Oz of gold, I think now it is around 85-90 to 1. Look up a gold to silver ratio chart and you will see every so many years this changes dramatically, and the ratio can go down to 15-20 to 1. When that happens you swap all your silver for gold then sit back and watch the ratio go back to over 100 to 1 then swap it back again. This is a way to increase your wealth basically for free. Look up the chart, study it and you will see what I mean.

My account is now showing close only, price still showing. Use to say suspended.

The status on my trading platform has changed from suspended to market opens in 1hr, are we expecting some news today? Have I missed something, sorry not been following the board due to to much BS.

It’s a bit quiet on here, we got something happening today ?

OIM - Offshore Instillation Manager

Speedy,

Couldn’t agree with you more, spot on. Couple of things I would like to add. I think the price of oil is going to come down, fuel is a miners largest expense so this will increase the minors profits. It’s not that the price of gold is going up, it is the dollar that is becoming weaker, which makes it look like gold is going up. Economy is weakening so the government is printing more money to prop it up, in turn weakening the currency and In turn makes the price of goods look more expensive when really it is just a weaker currency. I physically own gold and silver as a hedge against this inflation, so I lose money like everyone else with the price of goods going up due to the money printing but gain it back and more because as they inflate our money but gold and silver goes up and I gain it back. The perfect hedge. Dont have money sitting in a bank doing nothing and losing value, trade those worthless notes in for something of value, put it to work, conserve your wealth, while you still have the chance.

Oh yeh I love a good bit of pig, looking very juicy & tasty to me.

Bloo,

Neom project, I may have confused KM’s with Miles. It just ain’t going to happen, however they did spend millions and millions digging the trenches for it and then discovered the Technology is not invented or in place to be able to build such a structure.

Nastynick,

The head and shoulders you mention did not fully develop and pulled a bull flag pattern on the last shoulder, if you read all the posts involved at the time you will see this was the case. You are correct I did then purchase 350k shares but have since bailed out, this could yet prove to be a mistake, only time will tell.

My only intention here is to inform you of what I know of, sorry if you don’t like it. Of course FID etc will help this share price fly. About the rest, time is a wonderful thing, let’s see how it plays out and I wish the best for all.

Forgot to mention, there is going to be a world economic slowdown, manufacturing will drop causing the POO to drop to $30-40/bbls which is going to make things worse for Saudi. Saudi has already released 80 rigs (25%) and the work force along with it, this has had a knock on effect to all the service providers resulting in then releasing 25% of their work force

jebr,

sorry but i don’t agree with all you are saying. trump wants a low oil price to appease his followers and to reduce the cost of manufacturing in the usa. saudi needs a high oil price to cover the costs involved with the mega projects they have planned and the pending world cup. saudi basically has no other income.

from what i am seeing and hearing saudi have over promised and they are feeling the pinch. they are cutting back on these mega projects and laying off expats on the construction side, releasing highly paid expats from aramco and bringing in the cheap labour from the likes of egypt. for example the line was meant to be more that 100km long and is now just over 1km. world cup projects have to continue regardless. saudi are borrowing money.

the jafurah gas field is to come online soon however that is going to be very disappointing for them. i believe the country thinks the jafurah field is going to supply the gas to power new manufacturing and these new mags projects, they are about to find out that these wells don’t produce ****, they water out within 6-9months and production stops. the aramco management lied about the potential of this field, they fudged the figures to increase the allocated yearly budget and to make themselves look good, get promoted. it’s a mess about to unravel.

markets are about to collapse, including the property market so who is going to buy property in saudi. the saudi riyal is pegged with the dollar, dollar is going to weaken pushing any costs for these projects to increase.

just my opinion, please don’t crucify me. dyor

Ralph,

Now you have called me a liar, a fool and now stupid 🤦🏻‍♂️ am I going to have to have to serve you another slice of your favourite humble 🥧.

Ralph,

I am not the one posting false information and then accusing others of being a liar when they provide the correct information. Then you try to twist things. Now you are saying that I am the fool, wow, that is impressive. Are you sure you don’t want to reconsider that !!!!!

Targa,

We are well aware of what the offer is but share holders are more likely to accept a straight £1 offer to the share holders rather than 35p with X amount being injected into the company. Would be very easy for a rival bidder to snatch this from Sidaras dirty, greedy and grubby mits, it would also serve them right, teach them a lesson for low balling and dragging the price down step by step.

GRaff,

I am thinking the same as you. Sidara full package is offering 85p/share. I hope we see another bidder come in at £1 or higher