Member Info for speedymeadie

Hi Panama. Thank you, all is good at home. ATB Speedy

Hi All. Was on my way to the meet but had to turn round and head home. It seems i missed a great meet.
SD seems to have all bases covered, i will sit back and enjoy the next 18mths as SD builds GGP into something special. ATB Speedy

Hi Ace. 4th April works for me. ATB Speedy

Hi TomE. Do not take the bait. Let the last post from SS go over your head as it does not deserve a reply. ATB Speedy

Hi Ace. Au or AG, both are valuable. The upside in the POS is huge at todays price. An average ratio (gold/silver) is between 15 and 20 to 1, today it is around 85 to 1 . Silver has a lot of making up to do to right the balance and would put silver at approx $100 to $125/oz.
A meet in the bull early April would be good. What do you say Viking? ATB Speedy

Hi Bamps. Beer is better than beens. ATB Speedy

Hi Tig. Get off at Tower hill underground, turn right up Coopers Row and the Cheshire Cheese is about 200yds up on the left. The town hall meet can be found opposite the pub in America square on the right, see you there. ATB Speedy

Hi All. Finding 1.3kilos AG/t is equivalent to finding 15grams/ton AU. A bit higher AISC but excellent news. ATB Speedy

Hi SD. In answer to your question about the meets. I have been to several and all have been friendly and informative.
Why do you suspect Hav to stall? ATB Speedy

Hi Culpepper. An excellent summary of the current state of play. Reading this report confirms what i already knew and that is no one knows what will happen, too many chess moves to play. ATB Speedy

Hi All. The smoke and mirror games are getting more and more desperate. There was a COT report issued on 3rdmarch, the report was for the 7th Feb, almost a month behind. The report showed the start of a massive drop in open interest with specs and swaps dropping longs and shorts. It was always difficult to spot trend changes with week old news, now with month old news it is impossible. The COMEX has become a joke so the best way to spot trend changes is with the spot price. It was important for the $1800/oz level to hold, and it did. Another way to spot trend changes is with premiums paid for physical and they are in a range of $30/oz in China, all the way up to £50/oz in the UK. The paper games are still controlling the markets but for how much longer is any ones guess. One day the paper markets will fail as more and more participants stand for physical delivery. My guess is we do not have much longer to wait and when that day comes real profits are to be made in holding physical gold. ATB Speedy

Hi Aquakid. Shares on loan increased by 3.5million this week. Newmont, Newcrest or Newlabour??? i do not know same as everyone else (except the short) Who ever they are they do not want our SP above 8p. ATB Speedy

Hi MH01. I always head this type of post POG to allow folks that are not interested to skip it. I personally find it educational and interesting even if you do not, each to their own. ATB Speedy

DMs ???

Hi SAS. Turkey has been a buyer of gold long before the devastating earth quake and now hold approx 550tons.
Gold in $ terms has risen but it is not gold becoming more valuable but the USA$ losing its purchasing power, even more so in £s. Most folks see inflation as rising prices, it is not, it is the falling purchasing power of fiat and the fall is accelerating. There was a time not long ago when talk was in $millions it then went to billions then trillions and now we see the term QUADRILLIONS. I wonder how long it will take to see a £10 price tag on a pack of butter.
When looking at the price of oil, a barrel today costs more or less the same in gold as it did 50 years ago. It is not oil getting more expensive but the value of your currency falling. The answer is store your wealth in gold and sell it to purchase profit making investments, that co called GGP looks good and so do most of the producing, undervalued, miners. ATB Speedy

Hi All. According to the WGC and the IMF central banks bought approx 400tons of gold in 2022 and 30tons of gold in Jan2023. With Turkey, China and Kazakhstan leading the way. Do they know something? ATB Speedy

Hi Monty. 2008 was a game changer, the fraudulent banks scammed investors by parceling non performing assets and selling them as good investments. It took a massive amount of QE over many years to right the wrong. The rules have now been changed to protect the taxpayer and make the bond holder /depositor liable for a banks loss.
I used my gold holdings to purchase BTL under the new AST agreements way back and after 2008 and started to sell down my BTL investments (using the funds to buy Britannias) selling the last few houses a couple of years ago. Gold in 2008 was around $450/oz and is now $1850.
I am not interested in "learning" about your so called knowledge of the banking industry.
I suggest folks get their heads out of the sand and look at what is happening around the world, if folks take a real broad look at the banking industry and really understood the way our banks act then they would see the benefits of owning some gold. Maybe it is you who needs some education. ATB Speedy

Hi Dip. Tried that, what a mess. ATB Speedy

Hi Dip. My Britannias do not fit either. ATB Speedy

Hi GGP thruandtrue. Think back to 2008. The banking system was on its knees and took $trillions of tax payers funds to bail them out causing massive inflation that we are witnessing now. Now the rules have changed and it is the bond holders and depositors that are at risk via bail in. All i am suggesting is keep your spare "cash " in gold not in the bank. ATB Speedy