Member Info for speedymeadie

Hi TT. Excelent post and a reminder of what the people that matter think of our prospects. Just one correction to your post, you ended with "the market does not get it" i say add a "yet" on the end. ATB Speedy

Hi Petersalkeld. Sarfender is a well worn terminology for anyone born and bread on the mud of the Thames estuary in sight of the Kursaal. ATB Speedy

Hi Daveri007. You are correct and i am wrong. I said "currency is toilet paper" and i should have said fiat currency is toilet paper. The $/£ have, since 2000, lost 85% of their purchasing power when compared to gold. You hold fiat to pay your bills if you want to but for me i will hold my wealth in gold and convert as necessary. Your posting style shows you to be a bit disturbed may i humbly suggest a holiday. Speedy

Hi Gertfrobe. What JPM actually said is "money is gold and nothing else" currency is toilet paper. ATB Speedy

Hi Peter. Sarfend boy me. ATB Speedy

Hi Gertfrobe. Not just Ledbury. ATB Speedy

Hi Gertfrobe. Not allowed to use the S word here. But you are correct. ATB Speedy

Hi Ruprah. I think jber will be changing that 17.5, no sellers at that price. ATB Speedy

Hi Bamps. Thomas it is then. ATB Speedy

Hi Napthman. Anyone looking for an investment opportunity and watching that vid would say, that opportunity must be in commodities, preferably a gold and copper miner and be a M/A target with a suppressed SP. I Wonder where i could find such an opportunity? ATB Speedy

Technicals

Hi Tachnicals. I am not a fan of charting and rely on fundamentals Re POG. Having said that all weapons must be used and i am grateful for your insight into support and resistance levels. I always tend to use round Nos when predicting where the price is going and $2500 will be hit, it is a case of when not if. I suspect that when that level is reached the banks will use the charts to drive the POG back to the $2000 level for a profit making exercise. When that happens i think Newcrest will up their $1400/oz for costing calcs. ATB Speedy

Hi Tig. My local has outside tables only and it is blowing a gale so i will pop a bottle on the poop deck for me and Mrs speedy, see you soon. ATB Speedy

Hi Technicals. Not all coins are equal and some have a lower gold/silver content. As a UK citizen gold Britannias or Soveriegns are CGT and VAT free and silver Britannias are CGT free, this is because they are recognized as Coin of the realm . All other coins without exception carry CGT and profits must be declared to HMRC. ATB Speedy

Hi Green. Private Frazer is correct with his assumption that listening to the fool is a waste of time, "dont panic" and never tell him you name Pike. ATB Speedy

Hi All. Newcrest buying out Hav or GGP, in my opinion, is a non starter. SB has stated many times his approach to ROI, having 70% at the present outlay contract is fine but buying the other 25% will break that approach. As for buying GGP not a hope in hell, no one would pay for an unknown value for an asset and we would not know how much to ask for. The gambler in me says hold or add. As the drilling continues and we know more about our tenements maybe then a price can be guessed but a definitive price for the whole of GGP will very hard to find. What i do know is it is a lot more than 20p. ATB Speedy

Hi Bamps. The size of Hav must justify some sort of processing plant to lighten the load to Telfer. Is the tech there to sort the chaff from the wheat? The other question is will the cost of the plant out perform the cost of unrefined transport cost to Telfer? Trucking that amount of pay dirt 90 clicks round trip to Telfer will cost a bundle. ATB Speedy

Hi Bully. Good post. One thing you are missing is "Potential". Waiting for official news will keep you with the herd. Speculating on what is "probably" there is a wealth maker (or breaker). The $250 in ground value is correct for the average small cap explorer/miner, GGP are a world away from that with a share of a tier1 asset that is almost guaranteed to be mined. Place your bets now before the inevitable rise to new highs. ATB Speedy

Hi Mox. Silver is a roller coaster ride and not for the faint hearted. Silver is classed as a commodity and money, gold is money. Silver bars attract CGT and VAT and for me are a no go. Silver Brits are CGT free and if purchased and stored (highly recommended) in a bonded store are free of VAT unless you take delivery(not recommended). There is a misconception that when selling achieving spot price is good, it is not. When purchasing you pay a premium for coins and the premium should be achieved when selling. I have used many dealers over many years and the difference in structure is confusing to the beginner. Search for a dealer that offers storage in a bonded store, has stock in hand, low premiums and a guaranteed buy back price above spot. For large purchases £200k Matterhorn Asset Management are very good, for smaller amounts The Pure Gold Co is very competitive. PSLV in an ISA is also a good way to get exposure to the silver market. Good luck with what ever route you take. ATB Speedy

Hi Tig. The Royal Mint use their name to demand higher premiums than most dealers, so i do not use them. Another point i need to make, when buying physical metals it is best not to try and play the market, just use a monthly/quarterly routine for your buying. This method evens out the market ups and downs. Having said that now is probably a good time to back up the truck and load up. ATB Speedy