Member Info for speedymeadie

Hi Saxondale. I am far too prudent for that statement from the great Georgie Best to relate to me. My saying would be "i spent a lot of money on GGP and gold Brits the rest i squandered" ATB Speedy

Hi All. My confidence in this great co is growing daily. Just received the funds from my house sale in Tenerife. 45% is going here 45% into gold Brits and the other 10% on wine, women and song. Life is good. ATB Speedy

Hi All. A poster earlier stated that i get my info from watching utube. How wrong that is. Having been a buyer and seller of physical gold and silver for over 50 years i have never been more confident in new highs being hit in the not to distant future. I say this with confidence in my research into inflation, currency creation/debasement, massive problems in the banking sector, the coming equities market correction down, residential property bubble, geopolitical worries, Basel111 regs coming into play, COMEX and LBMA under severe pressure to deliver physical metals, central banks around the world buying massive amounts of physical metal plus a general realisation that the physical gold play is a safer bet than money in the bank. When, not if, the POG/S takes off to the upside trying to purchase physical metal will get harder and harder until it will not be available at any where near todays print. Gold is insurance against all the above points and buying fire insurance after the fire is no good. Purchasing GGP stock now is buying physical gold at a massive discount. ATB Speedy

Hi Colin. 8 to 12 mths until first pour, is just a blink of an eye. By then the POG will be where it belongs and all will be good. ATB Speedy

Hi Colin. Not for me, well in front, and no one loses unless they sell at a loss. I feel for those that have to sell but one thing is for sure, guaranteed, 100% certain and indisputable is the fact that we will be in receipt of 1000s of ozs of gold and the POG will rise. This is not IMO it is the opinion of experts. ATB Speedy

Hi Tig. Point the 12 bore at the Cheshire Cheese, bound to get a few. Only problem is you will end up joining time served. ATB Speedy

Hi Hydro. 4.5% inflation is the Official fig, we all know it is one hell of a lot higher, probably nearer 12%. Just look at transport, energy, housing, insuranc costs. The big boys borrow at 0.5% while the small fry pay anything between 12% 30 % . There is a massive problem in the banking industry with liquidity drying up and banks not lending to each other . The repro market is in reverse and Wells Fargo have recently stopped loans between $3000 and $300000. Mortgage rates are about to increase with downward pressure on the housing market. This will not end good. If you have not heeded my advice to purchase a few Gold brits i think you will regret that decision. ATB Speedy

Hi All. The POG is going up and GGP will not sell Hav. ATB Speedy

Hi Napthman. To most people the language used by Andrew he may as well be talking in double dutch. The short story is the POG in its physical form is going to be due to supply and demand and not at the wish of JPM et al. The closing of unallocated gold positions must have a positive effect on real gold/silver. ATB Speedy

Hi Imp. Just add salt and pepper to taste. ATB Speedy

Hi All. Why are we invested here? For me its all about the gold. Gold does well in certain environments.
1. high inflation (its coming and coming fast)
2. currency debasement (happening all around the globe)
3. geopolitical/war worries ( too many flash spots to mention)
4. negative interest rates (probably around 8% or more)
5. stock market crashes (this ever thing bubble will end in tears)
6.
7.
8.
I have left 6. 7. 8. blank for you to fill in your own ideas.
Never has it been a better time to be invested in a tier1 gold mine and GGP has a 30% share in what is going to be a monster. I must add a few downers such as an asteroid strike or China invading Aus. ATB Speedy

Hi All. Lets leave the chat about bars alone for a few months, i will keep you all informed of progress as and when.
With liquidity problems in the banking industry and a credit crunch looming, risk assets (stocks, bonds, property) will have a hard time. Never been a better time to have a share in a tier 1 gold mine. ATB Speedy

Hi Glitter. No need for a count on requests. I am confident the 200 bars will be taken up, if not i will buy them. ATB Speedy

Hi All. To clear up any confusion. I have had direct communication with the GGP office regarding the above. They say its a good idea and back the project. I am not taking £1000 deposits. The plan is to send the first pour gold to The Pert Mint, have the 200 bars struck, so no outlay upfront for anyone. I am hoping the GGP office will handle payment and dispatch but this is still to be finalized. If you do not want to participate that is ok but please do not try to ridicule those that want a memento of the coming great event. ATB Speedy

Hi All. I asked this question earlier on today to bring it out into the open. Without Telfer our mine @ Hav would have massive CAPEX for a processing plant (funds we do not have). Newcrest will want some recognition for this outlay in CAPEX and rightly deseve it. I feel confident that a fair toll will be applied. ATB Speedy

Hi All. Telfer cost Newcrest a lot of money to build. Today it is probably worth less than cost. Newcrest need Hav to save Telfer, i see a fair deal being sorted to please both sets of shareholders. ATB Speedy

Hi Imp.Thanks for the link, i have just had time to watch and my view is as follows. What Jeff (i have a lot of respect for him and his views) failed to put into the equation is the manipulation. If you look back to 1971 and the beginning of the price manipulation gold has done well against inflation despite the manipulation. No one knows were the POG would be today in an honest market but i can say with some confidence "yards in front of todays print" At an outlandish guess, taking into consideration the amount of fiat sloshing about, i would put a fair price at above$10000/oz. Where is my tin at? ATB Speedy

Hi All. Anyone got any info for the toll charges to be levied for the use of the plant at Telfer. ATB Speedy

Hi Tig. Price of ink is outrageous but the cost will be offset by a POG@$2500/oz. ATB Speedy

Hi All. The commercial banks are desperate to close their shorts but every time they try to drop the price physical buying takes it back up and them some. Look at the trading this afternoon, spike down followed by spike up. It would have been a benefit to the POG if Basel111 had some teeth against the LBMA but in the grand scheme of things the gold market will head upwards regardless of the likes of JPM et al. Stock such as GGP will benefit greatly from the rise in the POG and the IIs know this. We are headed for a very interesting few months. ATB Speedy