Member Info for speedymeadie

Hi Bellers. You are 100% correct, China will take all the gold Russia wants to sell. These stupid ill thought out sanctions doing nothing to really stop Russia, i am afraid the only way is a full blown war, but i suspect the west does not have the appetite for such an outcome. Nor do i. ATB Speedy

Hi All. No position held by me for the new chat site, only heard about it thru the stag gang today. it will be refreshing to talk to people who have info to share as opposed to name calling and back stabbing. Maybe some like that, not me. ATB Speedy

Hi All. I an sure the new group chat at LSExit will be open to all who want to go there. I see no reason to stay here where good and bad posts are delete without explanation. Do not fear a new event and embrace the coming new chat board. Bottle rocket has worked for the benefit of all and i have never seen the head of the BODs do such enlightening interviews with a PI. The Stag gang the Stroud gang and all other meetings will only enhance folks knowledge by talking direct to people who really know about GGP and where we are headed. ATB Speedy

Hi All. JPM et al rule the world. They are so massive their talons tear into the worlds market place at will. They run the regulators and pay a pittance in fines compared to illegal profits. If you invest in the market place and do not understand this you are in the wrong game. There is a saying "do not fight the FED" this also goes for JPM. ATB Speedy

hi Spades. When the bitcoiners start to liquidate (too late) they will realize gold and silver is the place to be. The big players in the crypto market have already liquidated and are sitting on huge profits looking for a safe haven, wonder where their $s will go. ATB Speedy

Hi All. This is just my take on the present state of play using all my years of trying to stay afloat while JPM stamp all over the markets.
JPM et al go short knowing that if a certain price is hit GDXJ will re balance and sell a shed load of GGP stock regardless of losses. JPM et al purchase all the stock from the fund at a silly low price and cover some of their shorts. The custodians of GDXJ are good pals with JPM and PIs continue to pay the price. This may seem far fetched but i have been watching the performance of JPM for many years and this is probably very near the truth. Fear not fellow GGPers as all manipulated markets always revert to true value and our true value is yet to be realized. ATB Speedy

Hi All. What the hell has happened to my POG discussion? Take it to another thread please. Or better still just ignore the arrogant so ans so. ATB Speedy

Hi All. The FED raised interest rates yesterday by 0.75% and today the BOE raised interest rates by 0.25% This is meant to be bad for the POG yet it held and today has added $35/oz. The stupid economists say a rising interest rate will send gold crashing but in reality that will not happen until rates go positive (15% or more) that will never happen with the worlds debt at these levels. Imagine the UK paying more in interest than it gets in taxes, we go broke (we are anyway but that is another story). Rising rate swill see a massive sell of in stocks of highly indebted Cos, where will all that money go to? ATB Speedy

Hi All. The correction in equities is happening, the correction in bitcoin is happening, the correction in the Residential rental market is happening, the correction in the commercial property market is happening. The rush into the doomed $ is a bad move. The markets are telling us something. The days of free (almost) money is gone. The central banks will have to raise rates into the teens to quench inflation and that will not ever ever happen. When the stupid economists wake up and smell the coffee it will be too late. How much physical gold do you have, because when the rush into gold happens you will not get in. ATB Speedy

Hi Lebugue. Wait until the POG settles above $2500/oz and see what happens to the profit margin. A massive leveraged play on the POG . Admittedly inflation will see higher costs but it is the price suppression in the paper markets coming to an end that will see real profits. ATB Speedy

Hi intra. HL want turnover to earn fees and spread. What better way than to suggest a portfolio shakeup. ATB Speedy

Hi Monty. This debate is as important as it gets and i thank you for offering a view that i do not agree with. Most of the worlds govs are spending more than they receive, where does that currency come from. The USA and UK debt will never be repaid and inflating it away is the only option and that will cost us all dear. ATB Speedy

Hi Trytosmile. For smallish purchases( £25k) i would use Atkinsons. Gold Britannias are my coin of choice, relatively small premiums and very liquid anywhere in the world. Brits are VAT and CGT free. For larger buys(£100k) i recommend MAM Matterhorn asset management, based in Switzerland and very safe. When buying make sure you store your gold at place of purchase, in an insured vault, the costs are negligible. Do not forget silver Brits these can be purchased CGT and VAT free if stored in a bonded store. ATB Speedy

Hi SAS. Willem talks a lot of sense, Most of his thoughts echo mine. A hurricane in the financial markets is unfolding and the banks do not want their currencies exposed by a higher POG. His personal holdings is distributed 25% physical metals. personally i would increase that ratio. There will be a mad rush into real assets when equity investors realize that buying the dip is a bad move. Physical Gold/Silver and their producers will see huge increases in demand. ATB Speedy

Thanks dipp. What an excellent round up, so much to look forward to. Maybe introduce Shaun to Cornish clotted ice cream. ATB Speedy

Hi Tosspot. I love your use of words and you are correct the present generation has no idea what is about to unfold. Many many years of living beyond their means or relying on the state to support and maintain life style. This is coming to an end.
Gold will be the go to place when the investment world wakes up to the changes that are happening. ATB Speedy

Hi Tosspot. I was going to post a long message about the corruption in markets and the value in holding gold but i have changed my "mine" an request a small package of what you are on, bring it along to then next Stag meet, i am sure it will go down well with the fine champers. ATB Speedy

Hi Monty. Many thanks for the explanation and breakdown on treasuries. That explanation works if you trust the USA to honor the debt. Gold will act exactly the same sitting as an asset on the books of a bank (100% allocation). The bank can keep hold of its gold and borrow $s against it. With no risk of the USA defaulting on it obligation with treasuries.
The FED produces bank reserves from thin air and it is treated as an asset to swap for treasuries. The swapper then has those $s to spend, is that not the same as "printing" $s?
Apologies to the board for clogging up this thread but this is a very important topic and all should be interested. ATB Speedy

Hi All. SAS can stand for many things "the sneaky brigade" or for "Shagging A Sheep". Just joking Spades. ATB Speedy

Hi Monty. The countries holding the most debt to the USA are Japan and China. Japans debt to GDP is 225% China has reduced its holding of USA treasuries every year for 10 years and by 4% in the last 12 mths The biggest holder of USA debt by a country mile is a combination of social security and pension funds. Glad i am not dependent on gov hand outs or pension payments. How can the the world rely on the USA to repay that debt + inflation, the answer is they can not. I am no expert on treasuries and the way the repro market works but i have no faith in the USA to honor its debt with profit to the lenders.
Owning physical gold is a sleep at night kind of thing. ATB Speedy