Member Info for speedymeadie

Hi All. Over on goldseek .com there is a post from Ed Steer giving his expert outlook on the PMs market. Anyone invested in the PMs space will enjoy what he has to sat with some very interesting charts. If you needed any more proof of price suppression you will not be let down. There is one quote that resonates with me " the price suppression is the only thing that matters to the POG going forward" This post by Ed Steers is a very technical and indepth examination of the state of play. ATB Speedy

Hi All. In the last 15 mins nearly 2 million shares sold to take the price below yesterdays close. It must be those pesky PIs selling up at a yearly low, NOT. ATB Speedy

HI Bond wanabe. The biggest swing in wealth transfer is about to happen and you call it "garbage" If you have an issue with the content of my posts just skip them as i will yours. Timing is all important but being in is even more so. Speedy

Hi TomE. I understand your frustration, just sit back close your eyes and think of what is to come. ATB Speedy

Hi All. This has probably been the poorest day for reading posts that i can remember. Hydros "big rise coming" was just bad timing, Freddies posts are not worth the space, Tome has got his knickers in a twist, daverie 007 stating the obvious. I could go on but you get the idea.
What all investors in GGP must remember is that gold will be the go to asset in the not to distant future and we have shed loads of the stuff. By the time we are producing Tymers prediction of 88p will possibly be under by several magnitudes.
Selling at the top and buying at the bottom is for dreamers/lucky folks, do not get stressed out at not selling in the 30s as you will get another chance, but buying in the low teens should be looked upon as a gift from the share gods. Keep calm all will be good. ATB Speedy

Hi Chisler. Bumped into Phil, Scott and the boys in the Copenhagen Plaza hotel. During a boozy session in the bar after the show Phil said "now i know we are famous with you lot working us". ATB Speedy

Hi All. Taking into consideration all the fees and if your pension manager does not do well and your pot is showing a loss, after taking 25% tax free you will pay tax on a loss. HMRC are there to maximize their take not to increase your wealth. I have this healthy reluctance with regards to giving HMRC any of my wealth for incompetent govs to squander. I also like a uncomplicated approach to protecting my wealth. ISAs work at the moment but the future tax situation can change and desperate govs will do what ever it takes to stay afloat. Physical gold Britannias in hand/stored outside the banking system is as good as it gets at present. I must add that gold should not be looked at as an investment for profit and more as a wealth protector. There will be a profit but only when the price suppression is lifted and a true supply and demand market is formed. ATB Speedy

Hi Stuwoo. And when you draw out your gains in the pension you will be giving HMRC shed loads of cash. Why folks plough funds into pensions i really do not understand. ATB Speedy

Hi Tymers. With inflation and geopolitical pressures the POG should be more than double the 2016 print. ATB Speedy

Hi All. The 4 big banks with the backing of the BIS that run the LBMA have been bent for years. The regulators are impotent and lack any credibility. Making $billions and paying $millions in fines is par for the course. One day it will come to an end and i feel that time is near. When there is $billions at stake the criminals that run the banks will bend the game their way. There are $billions at stake with GGP, so games will be played here. ATB Speedy

Hi Tymers. If you think the £ is not monoply money i fear for your wealth. ATB Speedy

Hi Capncarrot. I suggest you talk to Joshua Saul at The Pure Gold Co about physical PMs in a sipp. ATB Speedy

Hi Corradus. PHAG follows silver not gold. My Mistake. ATB Speedy

Hi Corradus. The ETFs PHAG and PHSP are fine for a short term gamble. The problem with them is you will not be able to take physical delivery, plus JPM are custodians and i do not trust them. When the real re rate comes in the PMs they will declare a force majoure and you will get paid out in worthless $£. PHAG tries to follow the POG so why not just buy Gold Britannias? ATB Speedy

Hi All. If you have not arranged for a % of your portfolio to be in physical gold, then time is running out. Take advantage of these relatively low prices for gold 1oz Britannias. The brown stuff is starting to hit the fan. For obvious reasons i will add IMHO. ATH Speedy

Hi SAS. Just past the jellied eel stall and before the rock shop. ATB Speedy

Hi Viking. See you there. ATB Speedy

Hi Viking. Hope hotel, 1 oclock Sunday 28th. If anyone else wants to meet up you are more than welcome. ATB Speedy

Hi MFU. The recent pullback in the POG was due to a massive, manipulative, 2 part sell on COMEX. Physical buying is increasing across the globe. The smart money knows that interest rates will rise but due to world debt levels it will never be allowed to turn positive (good for gold). High inflation is the only way out for these debt holders. $2300/oz is coming a lot sooner than most think. By the time we are producing $3000/ oz is almost a given. It all really depends on how fast the $, £, collapses. ATB Speedy

Hi All. Our asset has took a $100/oz kick in the teeth from the usual suspects. I see a bit more down side coming as the banks try to clear their shorts but the 2 big multi $billion not for profit sales on COMEX makes you wonder how much they are prepared to throw at this. All bets are off for this managed fall but rest assured this will not continue and the rebound will be magnificent. ATB Speedy