Member Info for speedymeadie

Hi All. Not a holder, but have been. I said, many moons ago, "give Mr P a free share holding and we will have all the roads ,power and gov funds we need" Now he and his pals have it for almost free. Sorry it ended this way but this is AIM after all. ATB Speedy

Hi All. The small, unwarranted, pull back has been fabricated by the bullion banks on the back of a strong $ and raised rates. The MSM are all over this small pullback even Bloomberg have made a statement. last weeks COT report showed a fall in the banks short position and i suspect a further fall this week. The rise in rates in totally insignificant in the fight against inflation and calling the $ strong is laughable. This manipulation is only backed with approx 3 tons of physical gold and highly leveraged, how does this stand up to Basel111 protocol. This manipulation comes from the highest levels in the fight against the Russian Ruble and will prove to be an own goal as physical gold is snatched up for a discount. ATB Speedy

Hi Bamps. Great posts. Our assets have the potential to make GGP share holders massive profits. The biggest enemy of GGPers is themselves, selling up too cheap will see many with sellers remorse. My exit plan is to sell all my stock on production and leave my families stock to grow. No one knows where this story will take us but another strike at one of our 100% owned sites or a find in a J/V project along with the coming big rise in the POG makes for exciting times. ATB Speedy

Hi Summit. RPI guilts are to be substituted to gilts linked to cpi. We all know that cpi is false and investors will be left losing funds with no compensation. Not conspiracy but fact. This is hard cold evidence of the treasury defrauding the countries citizens. Inflation is about to exceed 10% (if not already above) and gov debt will vanish while its citizens suffer a massive drop in living standards. Protect your self with physical gold. ATB Speedy

Hi Summit. I have a different view on the inflation topic. I think the level of inflation is being upped on purpose to wipe out unpayable gov debt with the cost being soaked up by unsuspecting citizens. ATB Speedy

May 6th 19.00 Zoros apologizes to speedy for his insulting post. ATB Speedy

Hi Zoros. You have taken my response to your insulting question to the extreme. Gold is available to anyone who wants to protect their wealth and stave of the effect of massive inflation. I see nothing funny in the fact that many people in the UK need to rely on food banks and charity to survive. If you feel the need to store your wealth in fiat then feel free to do so, join the club of the folks who will lose a large proportion of their wealth due to inflation.
One other thing you should remember is never store you stash in the basement, as i have stated on here many times store you gold in insured vaults at the place of purchase to retain good delivery status. Please do some research on the effects of inflation. The citizens of ancient Rome along with Weimar Germany, Zimbabwe, Venezuela and a host of other countries suffered from inflation bought about by currency debasement. do not think for one second that it could not happen here. Speedy

Hi Zoros. Apologies for not answering your question about 98% of the population having no gold and starving because the value of their fiat is diminishing rapidly. I have no answer. We live in a socialist country where the wealth divide between rich and poor is massive (understatement). With social care, hopefully, folks will be fed but it does not look good even today with many many folks using food banks and charity to survive. With inflation heading into double figs (if not already there) things are going to get worse for the unemployable and low paid even the middle class will be under extreme pressure.
The best way to protect your self and your loved ones is to own physical gold. Folks who do not have the ability to own gold will be in serious trouble. ATB Speedy

Hi Costa. My thoughts on your 8.20 post. Yes, something is happening. The $ £ Euro and most western currencies are in decline. To make the $ look better against its nemesis (gold) the powers that be are suppressing the POG. The Eastern nations, who recognize the value of gold, have been draining the vaults for physical gold at these ridiculous false prices. There has not been an audit at Fort Knox for many years and most commentators think there is nowhere near the 8000 tons stated. Suppressing the POG has been a massive own goal and has allowed China,Russia, India etc to stock up at depressed levels. ATB Speedy

Hi Risehall. In the 1970s the rise from $35/oz was dramatic due to the suppression of the price. This is the same today. If the metrics are duplicated that would see a price of $50000/oz. Enjoy your day. ATB Speedy

Hi All. The COT report for this week shows a 5% drop in open interest (long and short positions closing) This shows how the effect of a lack of confidence in the liquidity providers is draining the paper market. COMEX is Basel111 compliant and all paper trades long and short need to be backed with real assets. The paper markets have had their day and now the real gains in the POG/S (physical) will increase and real profits made. The real game changer will be next year when the LBMA (10x bigger than COMEX) will become Basel111 compliant. The OTC London market will still be a grey area but will eventually have to comply. By that time i fully expect the Chinese SGE (physical ) to have total control of pricing on a supply and demand basis. I have said the following several times and really wish the miners/producers and refiners would collaborate and form their own world wide market, come on Pierre you know you want to. ATB Speedy

Hi Barna. In your scenario the amount payable will be either $80 or $120, not the average. ATB Speedy

Hi Bamps. How correct you are. My son and i purchased a few BTLs and shared the £200k profits. My share is still in gold and my sons share has vanished. I am hoping my grandson will have a better understanding of wealth preservation. ATB Speedy

Hi Saint. There are many ETFs that track the POG/S but not many will pay you out in physical gold. I note you mention ISAs this is for tax reasons. Sprotts PSLV will allow you to redeem your pot in physical but there is the FX risk. The best way to invest in gold and silver is via Britannias, VAT and CGT free and carry no counterparty risk. ATB Speedy

Hi MH01. As you well know investing in gold miners is a leveraged play on the POG. With that leverage comes risk. At the present moment i hold a 50 50 split between physical gold/silver and GGP. When GGP comes to production i will convert the funds to physical gold to pass on to my son and grandson. ATB Speedy

Hi Monty/ SAS and zoros. Having been involved in the gold market since the 1970s i have never seen a more compelling set of data that points to a massive tailwind for gold. I am neither brainwashed or lazy and take my research very seriously. The powers that be are not suppressing the POG for fun and neither is China hoarding gold for fun. Russia has more or less tied the Ruble to gold and commoditized it. Every fiat currency throughout history has collapsed and gold has always come out on top. If the population of Weimar Germany, Laws France, Zimbabwe, Venezuela and many others had stored some wealth in gold they would not have suffered so much. We are in an era of high inflation and it is getting worse, where it will peak i have no idea. At only 10% inflation prices will double every 7 years and gold will probably more than double in that time frame. The populations of the western nations have relied on their respective governments to manage the economy, all i see is mismanagement. I could continue to state the case for holding physical gold until the cows come home and some will still not "get it". If you are happy to hold your wealth in £ $ etc so be it. ATB Speedy

Hi All. Things are now getting really nasty for owners of fiat. Anyone who thinks inflation is due to rising prices should switch off from MSM and join the real world. Inflation is due to fiat debasement. Anyone holding bets in the derivative market is going to leave with nothing, folks holding bonds will leave with less than they started with, people stashing funds in a cash acct are losing hands over fist. The $, £, euro, yen are toast. China,Russia, India, turkey and many other countries are buying and holding gold. The latest unofficial count for China is 60000tons held by a combination of citizens and gov. The only safe place for your wealth is in real assets. Chins has stockpiled massive amounts of commodities including food (rice, grain, soya etc) . The end of the western financial dominance is coming to a rapid end and you had better be holding physical metals. This post may seem to some to be over the top but the writing is on the wall and the signs are everywhere. A major reckoning is coming and those that are unprepared will suffer. Swap your fiat for gold Brits now while you still have some purchasing power due to the price suppression in the gold market. The window of opportunity is closing fast. ATB Speedy

Hi All. Thanks Tig for arranging a very cold but enjoyable evening meeting faces new and old. The consensus was "hold for gold". Speaking to a few of the gang and agree that a historical bull market in commodities in has begun. The signs are everywhere. Gold and copper will benefit massively and by the time we are in production (mid 2024?) the price of our assets will be ??????. ATB Speedy

Hi Chisler. The comments by JSP123 are correct and Atkinsons offer a good service at a fair price over spot. Make sure you store your gold at place of purchase and do not stack at home, unless you can keep a secret even from close family and friends. Do not discount silver just because of VAT, this can be overcome by storing silver Brits in a bonded store and only paying VAT if you take delivery. The premium on silver Brits is a negative but over time the coming increase in value will negate this. ATB Speedy

Hi Lenz. You are welcome. These are my thoughts on the matter and i may be barking up the wrong tree but i see no other feasible explanation. ATB Speedy