Member Info for speedymeadie

Hi All. As much as the banks try to drive down the paper POG the physical buying drives it back up. We are witnessing a major turning point in the world financial markets. Fiat is toast and gold is king. I have no idea how much longer the banks can hold on to their position but one thing is guaranteed, gold will be priced at a much higher level in the years to come. GGP stock will appreciate with that rise. Todays SP is irrelevant in the grand scheme of things and our mine will produce wealth for many many years to come. ATB Speedy

Hi Flashy. Please do not discount silver. It will outperform gold. Silver Brits can be purchased in a bonded store and are free of CGT and VAT. The problem is the high premiums but this is overcome with time. ATB Speedy

Hi Codders. I cant drink winks. ATB Speedy

Hi Flashy. Re ETFs. They are great for trading and short term. Eventually they will close out and you will be paid out in worthless $s. The derivative market and custodial control of metals will turn out to be a disaster of massive proportions. Sprotts silver fund is good so is Gold Money .com for folks outside of the UK. For UK citizens the best bet is gold Brits. I have said this so many times that readers of this board must be getting peed off with my comments and for this i apologize, but it is worth repeating until all understand the consequences of not holding physical gold. ATB Speedy

Hi Codders. Bottle of bubbly or a large 12 year old single malt . See you in the Cheshire Cheese. ATB Speedy

Hi Codders. Billy no mates? You are not well researched, gold and related stock is and will be the best choice you could possibly make for the foreseeable future. ATB Speedy

Hi JSP. Your purchases of Brits are probably showing a loss at the mo. But over time your choice of investments will be good. As for how high the POG will go all depends on how low the $ falls and the fall will be dramatic. Measured in $s the price could go to infinity and probably will. Best to measure the POG in a different metric, hours worked /oz or cost of arable land/oz and that has not changed for 5000 years. ATB Speedy

Hi Tymers. What are your concerns re production finance? The banks will be queueing (is that correct) up to lend us funds at a fair rate. I see no problem with finance but you are correct finance will be needed. How many years of production to clear that debt is the question, not many is my answer. ATB Speedy

only joking

Hi Jag. Get a dealing desk in the docks. ATB Speedy

Hi Lampard. You do not get it but the big boys do and want all your stock, do not give it to them, hold for production and a much higher POG. ATB Speedy

Hi Dillon. That is a good choice. I have been a buyer of gold and silver from local jewelers for ages. The only problem is when you sell HMRC will want his slice. New gold Brits are a better buy. ATB Speedy

Hi All. For anyone that has not read and digested my posts regarding physical PMs. It is getting to the stage where physical metals will not be available at any price near todays print. The recent take down will be short lived and new highs are coming followed by highs that will take your breath away. For UK citizens gold Sovs and Brits are available at a suppressed price, take advantage or regret it. Same for GGP stock. ATB Speedy

Hi Tig. Hope you and crumpet are well. Any purchase from the royal mint of bars or coinage is a bad way to get exposure to the gold market. The only gold worth buying for a UK citizen are Sovs and Brits (no VAT or CGT) The royal mint plays on its name and charges too high a premium. Buying gold commemorative bars and coins are for retail punters. The only reason our first pour bar is attractive is the non profit price over spot and the benefit of owning the first pour from a world beating mine. The design shows the the serpent protecting the sacred water and is a good example of Martu art. Not too long to wait
for first pour and the obvious rebound in SP. Keep the faith
. ATB Speedy

Hi Chippy. You say " a lot of pain for a lot of people". I have been banging on about this for a long time. Owning physical gold stored outside of the banking system will be the morphine to fight that pain. ATB Speedy

Hi All. There is much too much emphasis on daily and weekly even monthly SP movement. If you are a trader and are happy with your 10%, good for you. If you are an investor in GGP and you know why you are here then just hold. The main reason for me to continue holding is the state of the general markets and the coming rerate in the POG.
The bullion banks have now managed to reduce their net shorts to $30billion. The question is " how much are they prepared to take on the chin?" Once they have cleared the decks the PO(physical)G will elevate to a level that corresponds with the amount of fiat in circulation, that will be the earner and after that event gold will do what it always has done (store your wealth). Owning stock like GGP will be a leveraged play on that event. ATB Speedy

Hi Bablake. I used the wrong wording substitute markets for investors. ATB Speedy

Hi Colin. Not for much longer. ATB Speedy

Hi Strummer. Debate is important in finding reality, what is your views on what has happened in the last 6 months? ATB Speedy

Hi All. Volatility is the name of the game in the PMs market at the moment. The poor old banks are in a corner and are finding it impossible to square their books prior to new regs being implemented. The rebound from new lows will be fast and furious and i fully expect swings in excess of $100/day. Trade these mad swings at your peril. Buy physical metals and hold for a few years is the way forward. When the POG takes off to the upside our SP will react in step. ATB Speedy