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Hi Freddie. You have got it the wrong way round, we are one day nearer. ATB Speedy
Hi Aim Et Al. One day soon you and your shorting bosses will have to throw in the towel as news and buys over runs your position. You have earned your profits, best to close now and bank it. Speedy
Hi Jerry. $3k is probable $19k is possibly possible so $10k is possible and my calcs for an SP of £5 is possible. It will take a lot of ducks lining up but never say never. There are many examples of miners experiencing absolutely massive gains in gold bull runs and GGP are in an exceptional position to achieve those gains. ATB Speedy
H Doubting tom. Leave the bad odes to Mapp. Speedy
Hi All. I made a massive mistake in my post at 17:32. I said a "leverage effect of x 2" to reach an SP of £5. Well let me tell you the leverage effect should read as much as x 8. I dare not put that SP in print as it will be seen as ramping by some, so you do the math. ATB Speedy
Hi JerseyCrew. I prefer to keep things simple. My thinking is 20p to 40p at production with things as they are. With a POG at $10k that is x 5 then the leverage achieved for mining x2 allow for a change in sentiment and £5 is not a pipe dream. Bring in 100% and an increased ore size and another find and all bets are off. ATB Speedy
Hi MH. You have your opinions and some have other. You keep on trying to dismiss the possibilities of an SP of £5. I have laid out the route to this fig more than once to you. It is not, i repeat, not ramping just an exercise in the possibilities of the effect on miners SP due to a POG at $10k/oz.
As i said you have you opinions but please read and understand the context of my post rather than trying to belittle my opinions. ATB Speedy
Hi EMC2. Now thats what i call positive thinking. A streamlined Newmont along with a POG re rate and my calculator is too small. ATB Speedy
Hi Joubert. Looking at a 100 year chart for the purchasing power of fiat ( in multiple currencies) v gold, shows that fiat has already collapsed average 98%. Central banks will do all in their criminal power to continue the farce that is the present system. The death of the USA $ and all other linked currencies is happening as we speak. The rise in the POG over time is not due to the value of the (suppressed) POG rising but the value (purchasing power) of fiat falling. This fall is hidden with the word INFLATION and is accepted by the blind ignorance of many as acceptable.
Time has proven that one of the best ways to safeguard against the erosion of wealth by inflation is to hold physical gold.
I must add it is good to have a sensible debate for a change. ATB Speedy
Hi Haveagoodday. You say "have no insight into the workings of this share". Maybe that is correct but my £5/£6 SP is not only about GGP but about the possibilities of the effect on the mining industry of a POG re rate and the leveraging effect of that re rate.
How much insight into the workings of the gold market do you have? Bugger all i bet. Speedy
Hi MH. I see GGP as an extremely good bet for a massive rise even without a re rate in the POG. Taking into consideration our position on the L. C. our exceptional BODs, the currently suppressed SP, a high grade ore body with a great shape for mining, Telfer just down the road, the present POG and rising, funding in place, production looming, mining friendly jurisdiction, the list goes on and on. 20p is a low ball prediction on production and i expect a higher SP. Also at the moment, the miners are deeply unloved but that sentiment will change giving GGP a further boost. No ramping here just good old facts. ATB Speedy
Hi MH. You still do not get it do you. This is all about a massive re rate in the POG. I will spell it out for you one last time. If the POG re rates x5 and with the leverage for producers x10 even with a lowball price of 20p that would be £2 for the SP. If we manage to acquire 100% of Hav with no dilution then a fig of 60p is not out of the question therefore a re rated SP to £6 is possible. This is meant to be an exercise in potential, not as you state "a ramp" ATB Speedy
Hi MH. My last post is also directed at you, my post is about the potential for the SP with a re rate in the POG. ATB Speedy
Hi Zoros. You have totally missed the point of my post. i am not talking about to days valuation or to days POG. My whole post was the potential of the SP with a re rate in the POG. I agree that 50p is along shot with to days valuation but with gold at $10k all bets are off and no one can say we will not reach a SP of £5. As i said in my post "this is pure speculation" but the market has a tendency to surprise. ATB Speedy
Hi Joubert. Financial assets will certainly not retain value nor will many other assets including bonds and most of the derivative and debt market will see total failure. Necessities, food, agricultural land. homes etc will hold value but not many assets will outdo gold in a re rate. ATB Speedy
Hi Trippy. Holding GGP stock is a leveraged but not risk free bet on the POG. When the POG re rates to catch up on 100 years of suppression (say x 5) the returns on GGP will be multiples of that (say x 10) and GGP is not yet priced in as a producer. If GGP is worth say 50p on production the re rate should see a SP of £5. These figs do not take into account inflation and are pure speculation and are just to give a idea of what a re rate in the POG means for GGP.
Hi All. Gold has held its value for millennia. It is not the POG rising but the value of fiat falling. With the falling value of fiat comes higher costs based on fiat. therefore a higher cost to miners to extract ore. Inflation is a no win game apart from the creators of the fiat (central banks). They have been holding back the POG for over 100 years and are now losing control due to physical buying. When they finally get overwhelmed the POG will make up for that 100 years of suppression with a massive uplift in price and that is when the real profits will be seen. Next week or next year? no one knows but it will happen, and if you are not in the market when that happens you will be in big ,big, trouble.
It amazes me why anyone would hold wealth in fiat watching that wealth diminish when owning gold is safer and wealth enhancing. The world is waking up to that fact and about time to. ATB Speedy
Hi Adam. Just watched start to finish. Excellent vid. Just remember these boys are all lined up to profit from a higher POG. I agree with Pierre, a pullback will happen prior to lift off. For the average gold investor it is best not to try and trade the market and just keep buying at regular intervals. I have a few sell orders with my dealers at just above ATHs for a few Britts but they will be bought back in short order.
The overall message is that miners will see big gains but it all depends on a good BODs and a mining friendly location. Now i wonder where i could find such a Co. ATB Speedy
Sovereigns
Hi All. I have had many private requests for the best gold dealer. Firstly let me say it is definitely not Pure gold Co or Bullion by post or the Royal Mint. Pure gold renege on their buy back promises and BBP and the Mint charge unacceptable premiums.
The most important factors is to remember that negotiation is paramount along with a good track record.
I have dealt with many dealers and Sharps Pixley, Chards, Atkinsons are very good for everyday buys/sells. For larger investments Von Geyerz AG Switzerland (matterhorn asset management) are the best.
With the POG at nearly ATHs buying the dips is a good strategy but with this bull gaining steam it is still not too late to purchase physical gold and the best for a UK citizen is either Soverigns or Britannias neither attract VAT or CGT. Bullion bars and any other gold coin will see the taxman knocking. ATB Speedy