Member Info for speedymeadie

Hi All. The $ price for our assets (gold/CU) will be one of the main drivers in our SP. If the regs for Basel 111 are implemented in their current form (big if, the commercial banks are opposed) the effect on the gold/silver markets will be considerable. All trading in unallocated form will cease along with forward selling on the LBMA and the COMEX and leasing metals multiple times. Derivative trading in the commodities market will cease also driving the CU price. This will take away the ability of the criminals to suppress the markets for their own gain whilst at the same time costing the producers massive losses in profits. European traders will be regulated this June with UK early 2022. The disruption in the markets will be so massive that i see a watering down of the regs and the time span being elongated. Even if the regs are watered down the coming rush into physical metals will be significant. Time is running out for investors to enter the physical market at these manipulated low prices. For an indepth analysis of the consequences of Basel 111, Alisdair Macleods write up over on King World news is a must read. ATB Speedy

Hi Redtrader. You really need to learn more about GGP before posting. GGP are explorers not miners. We will be producers soon but without Newcrest and Telfer the Capex would be out of our reach as well as the skill set to deep mine profitably. If GGP struck another HAV we would not mine it alone. ATB Speedy

Hi Zoros. Good posts, but you missed out the most important bit, POG/CU. Sorry Red. ATB Speedy

Hi Spy. There is a huge difference between PM ETFs and storing physical gold outside the banking system. No 180 from me. Without doubt the best and safest way to own gold/silver is stored at place of purchase in physical, deliverable form (Britannias/Sovs) in a private insured vault. I have been saying the same thing for ages, so what is your point? ATB Speedy

Hi Jerry/Condorlini. Thanks for the heads up. It just goes to prove the fact that ETFs and paper transactions in gold are a con of massive proportions. The only safe way to own physical metals is allocated,deliverable and stored outside the banking system. Fractional reserve practices are opaque and easy to corrupt. If a "reputable" co such as Gold Corp (Perth Mint) are bending the game just think what JPM and gang are up to. This is the main reason (in the PMs market) for Basel111 and not before time. Anyone with investments in PM ETFs with banks as custodians (most of them) should reconsider their positions if their holdings are not deliverable. This news about the Perth Mint is only the beginning and the rush out of PM ETFs as they fall apart will hurt those that do not act now. ATB Speedy

Hi All. Firstly. thank you Bamps for trying to bring some form of calm here today. Some of the posts here today belong in the primary school play time. I care not one jot who has earned, lost or lies about their investments. I feel as happy and content in the fact that my physical gold and silver holdings as well as my GGP holdings allow me to sleep well at night. There is no doubt in the fact that physical gold/silver will protect your wealth and increase it, some times. With people chasing rainbows and looking for the next "bubble", with the breakdown of social and moral values, the massive debt and the incoming inflation tsunami where pensions and social care will cease to exist you will be pleased you took my advise and bought some gold. We are in very dangerous times and making the right choices now is more important then ever. Earning £100k overnight means nothing if the currency is worthless and the £ and $ are heading that way. ATB Speedy

Hi cneighbour. They have been reading my posts. ATB Speedy

Hi Sporty. When purchasing silver Brits (I have many) i always use a bonded store at place of purchase. No VAT unless you take delivery. As with any investment tax avoidance is a better than "donating" to HMRC. Presently premiums on silver Brits make purchasing painful, for exposure to silver a position with PSLV in an ISA is cost effective and safe. ATB Speedy

Hi katenip. Gold is used as a means of exchange in many places around the world including India, china, Australia. Gaddafi wanted to trade in gold "look what happened to him" Unfortunately western civilians do not understand gold and are encouraged not to use it, this is starting to change. 1 gold Brit for 2 weeks work for a skilled tradesman will do nicely. ATB Speedy

Hi Sporty. Answering your question is akin to "how long is a piece of string". Buyback price depends on many factors, trending up/down, supply demand,sentiment in the market, individual dealers position. Dealers want your Britannias at the moment and 1.5% or 2% can be achieved with a bit of negotiating. If anyone here wants to sell gold/silver Britannias i am willing to give 2.5% over spot for mint gold/silver Brits and and a bit more for Sovs. I must say it is a bit silly selling at the moment but some people have to for personal reasons. ATB Speedy

Hi All. Whilst a fall in US $ is good for gold it is not all good news, when set against gold valued in GBP the FX rate is holding back the UK price. You need $1.42 for £1 and as gold is priced in $s a fall in $ v £ has a negative effect for UK holders. ATB Speedy

Hi Red. I agree with your "keep it GGP post". However a quick punt yesterday and out today netted a few £ and is about to be ploughed back here. ATB Speedy

Hi Tig. My "incredibly portentious predictions" are derived from inability to conform to the rules, death and taxes!!!!!! only death for me. When people wake up to the fact that wealth can be stored and wealth gained without paying tax via coin on the realm, Britannias and Sovereigns, the new highs in the POG will be multiples of todays fix. ATB Speedy

Hi Jerry. There are so many "experts in the PM space it is almost impossible to follow them all and i know nothing of this Chris Marcus. All i know is that gold and silver will do what they have always done and preserve, and sometimes, increase your wealth. ATB Speedy

Hi All. This is the start of the run up to $2500. The Bullion banks are backed into a corner and will strike out at any opportunity. The slightest piece of negative news for gold ( bond yield, interest rate rises the Fed playing silly buggres) will be jumped upon by the banks and a manipulated drop will be attempted and a short term drop back to $2000 will be aimed at and then back up to new highs. I am long gold with no stop losses in place. ATB Speedy

Hi Thedoors. Sorry for the delay in answering i have been looking at your request about copper bullion coins and there are many available and with the coming supply and demand issues coming copper is probably a fair investment. The only real problem i see is that HMRC will want a large part of your potential profit, copper bullion coins are not coin of the realm and will attract CGT, not sure about VAT but copper is a commodity and attracts VAT. The premiums over spot price will also be very high (the cost of making a coin with a value of only a few £) There are probably many better ways to take advantage of copper . ATB Speedy

Hi Hydro. Good call on Metal Tiger. ATB Speedy

Hi Bunky. I am with you on divis. When receiving divis the co is just giving you your own money back. If the co does not need the money for expansion diminishing returns should make you reassess your investment. ATB Speedy

Hi Soundman. No mine is a risk free investment, having said that our JV partner is at the top of its game and the risk for GGP is relatively low. I do agree with your "not bothered about daily drops". This will come good just needs a bit of time. ATB Speedy

Hi Monty. You are correct, residential, owner occupied housing has been the best investment over time. Investing in housing normally attracts attention from HMRC and giving 45% of my earning to him is against my religion. I suggest you look at charts comparing purchasing power of gold Britannias ( since 1971) to all other assets and gold has held its own and out done nearly all (after tax) including stocks, bonds, commercial and residential investment property. This trend is in spite of central banks attempts to "stabilize" the POG to make their fiat look good. ATB Speedy