Member Info for speedymeadie

Hi Montymcgree. Just read your post 10.08. The manipulation in the gold space is not a conspiracy theory it is a hard fact proven in the courts and anyone with a brain bigger than a pea can see it on a daily basis. The manipulation in the PMs space as with all manipulated markets will eventually come to an end. Over time the manipulation does not really matter as the POG will do what it has for years and protect your wealth. The profit will come to physical gold holders when the market manipulation ends and a reset will send the price up to a level to account for the mismanagement in the financial markets. When gold reacts the effect on our SP will be considerable. ATB Speedy

Good god Tymers its Sunday afternoon and after a good few pints of Guiness i underestimated a prediction. £144.00p Thurday for sure. ATB Speedy

Hi Mickey. So £1.44p on Thursday? That would blow my mind. ATB Speedy

Hi HIInvestor. I have just read your post 20:36 yesterday. You refer to experts predicting a collapse. If the fall in the USA $ from $40/oz to $2000/oz in 50 years is not a collapse then what is? I agree that QE is not really money printing but those massive amounts filter down into the economy via false profits from an over valued stock market. The amount of $s that go towards gov deficit spending is also filtering down into the economy. Some of the present inflation rates can be attributed to supply chain issues but a lot is due to this filtering down. The IMF, BIS, FED and govs around the world are distorting markets to suit there agendas and free market pricing is not happening, just look at house prices/rents this is not due to supply chain issues it is due to gov intervention. The sooner govs stop fiddling around with the markets the better. ATB Speedy

Hi All. Very interesting debate about gold and how folks see it. For me it is easy, i will hold my physical gold until interest rates return to a meaningful measure above inflation. That is not to say i will not have a small play with BTC, but it will be small. ATB Speedy

Hi HIInvestor. BTC probably does have a place in a portfolio. My preference is for physical gold (Britannias) I do not class physical gold as an investment i use it as a deposit acct, using and replacing, but it has worked as both for me. Investing in BTC carries massive risk and if you do make a profit nearly half goes to HMRC the other half goes to hackers and if there is any left you cannot get to it if the lights go out. BTC has made some folks very rich but i prefer to sleep at night. ATB Speedy

Hi All. What you witnessed yesterday in the gold market is a good example of what is happening here. Manipulating the price up and down to take profits.
Legend, Pierre Lassonde yesterday quoted "buy gold until it hurts" and "a gold/CU mine with a long life will be a money printing machine" and " negative real interest rates are here for the foreseeable future". He obviously must be reading my posts. ATB Speedy

Told you

Hi All. My leave of absence has been cut short due to the action in the POG/S. The PMs market is a bent cesspit and controlled by a vicious bunch of criminals. I suspect this rise will be sold into and profits taken. It is too early to get excited and the real rise will not happen until the year end. If you really want to know where the POG is headed just look at a chart from 1970 to today. For a longer time period there are charts out there going back 5000 years the trend is quite clear. Do not be put off with talk of interest rate rises. The real rate is well negative and will remain that way for the foreseeable future. Inflation does not mean a much higher POG but hyperinflation is a game changer. ATB Speedy

Hi All. Just a handful of useful posts with the majority being absolute tosh. Time for a leave of absence from me, see you all in a few weeks time. ATB Speedy

Hi Starbright. BOA used leased gold from JPM to fund some gold ETFs. It is in their 2020 report.

Hi All. Bank of America have produced a report sating that gold will fall due to the "wrong type of inflation". Funny thing is that BOA dealt with and supplied several gold ETFs with gold and owe JPM $150billion for leased gold. They want a lower price to pay JPM back. This is a typical example of false news being used to try and steer folks away from buying into PMs market. ATB Speedy

Hi Tig. The link you posted earlier is password protected. The corruption in the PMs market is beyond belief.
As a word of warning to folks buying gold bars. There is a 1oz Metalor bar encased in plastic doing the rounds that is a very very good fake. The xray equipment needed to prove up is a cool £25k and there are quite a few pawn brokers and jewellers that have fallen for these fakes. Only ever buy new from a reputable dealer. ATB Speedy

Hi SAS. My post was in response to a question from another poster. My posts are usually headed under POG giving everyone the opportunity to skip past if not interested. My involvement with GGP is not due to my interest in mining but my faith in the fact that gold is the real deal as far as a currency is concerned. Gold is our main asset so its price is of paramount importance, CU is looking rather interesting as well (wonder where all my old copper pennies are). ATB Speedy

Hi Starbright. I would just like to add that it is a pleasure to have an open and civilised debate with you. It is a shame that others find it impossible to share their opinions and thoughts without conflict. ATB Speedy

Hi Starbright. If you study the COT report for the COMEX it is there for all to see in black and white and is 100% not debatable. JPM. HSBC. Standard Charter. GS are the 4 big shorts holding $30 billion plus naked shorts. The LBMA is 10 times bigger than the COMEX and is run by these same banks. Bank of America alone are $150billion in hock to JPM. This is small fry compared to the banks assets. All these positions will carry a 15% haircut if not cleared in the new year and will be uneconomical to maintain in the future. This is not PI stuff this is backed up by discussion at the highest level in the PM space. The last thing i want is to accept your humble pie, that is not what i am about. The changes coming in the derivative market place will be game changing not just for gold and silver but all forms of trading. The changes coming may or may not result in a higher price for our asset, you know where my bet is placed. ATB Speedy

Hi Lenz. Good advice. ATB Speedy

Hi Colin. If you won £10million on the lotto you would probably moan that it was not £100million. ATB Speedy

Hi All. "Potential to find the next Hav" ATB Speedy

Hi Starbright. My statement that bullion banks "are trying to close their shorts" has been proven over and over again. The action in the gold market is counter intuitive to such an extent that there is no other explanation. Many banks have been fined millions for price rigging. With the implementation of Basel111 in the UK (the biggest gold market LBMA) by Jan 2022 it will be unprofitable for the banks to trade naked, PROBABLY leading to the end of the price fixing. It is up to you to act on this or not. My money is on a much higher price and i see a reaction in our SP and a significant uplift to my physical PMs. Place your bets. ATB Speedy