Member Info for speedymeadie

Hi Jerry. I do not always get it right, i bought a shed load of silver in 2011(ouch) As far as the POG/S goes the only way is up with a bit of shenanigans from the banks on the way. I see GGP earning $2500/oz (after costs) by the time we are mining if not more. The POG/S has just started on its bull run and the level achieved will exceed most PIs expectations. ATB Speedy

Hi Hydro. My thoughts are, when all is revealed we will see many 20% up days. ATB Speedy

Hi Tig. Not RR but Napier Deltics 6400HP 50 knots for 15 mins, 80ft x 25ft, displacement 70 tons. Built 55 years ago, boat builders find it hard today to attain that level of performance. When we hit £1 and the engines are refitted i promise you a go up the Thames. ATB Speedy

Hi Jerry. Best do is i do and blank the poor thing. ATB Speedy

HI Tig. Slurp slurp. ATB Speedy

HI SAS. There is as much chance of the POG staying at $1800 as the SP hitting Jerrys £40. In 2022/23 when first gold is poured the POG is more likely to be $2500/$3000. Mickeys £1.44p is a distinct possibility. I should also point out that CU may also double from here. If oil stays around $60 the extraction costs will stay the same and the SP will be multiples of where we are today. This is all guess work so lets get past 37p first. ATB Speedy

Hi Jerry. Only £40/share. There was me thinking you could handle a big gain. ATB Speedy

Make that "6 shed loads" ATB Speedy

Hi Mutley. In my parallel universe its 7. Its also the number i always back at the table. However in this universe the amount of gold will be "7 shed loads". ATB Speedy

Hi Malva. How many ozs of gold do you make it. I have used Einsteins theory of relativity combined with quantum theory times the universally accepted no 7 as the meaning of everything and make it "shed loads". ATB Speedy

Hi All.Schoolboy stuff, specific gravity allows you to convert volume to weight. So if you know grams /ton and volume of ore it enables you to work out how many millions of ozs you have, and we have lots. Got it. ATB Speedy

Hi pjbtrading. Personally i would never use a gold co that does not allow physical delivery and tally money does not allow delivery. There are many stories circulating about cos charging storage fees and holding no allocated gold. Tally declares that all its customers own the metal but does not allow delivery, why? Best to use a bullion dealer and store your metal at place of purchase, you can sell in an instant and transfer to your bank and use your debit card. I used to use Gold money where delivery was allowed but they have now stopped the debit card service, silly really. Another point to take into consideration is that any increase in your Tally acct due to a rising POG attracts CGT. Buy gold Britannias/Sovs and store at place of purchase sell as you require and pay no CGT and if you want your gold delivered you can. ATB Speedy

Hi Stebol. Same here. ATB Speedy

Hi Barna. The Chinese gov encourages its citizens to buy physical gold and has been doing this for many years. With China being a major producer of gold and imports exceeding 75 tons a month it is stupid to except the Chinese govs figs on their gold holdings. They have been stockpiling for many years and probably hold in excess of 30000 tons. This would make them by far the biggest holders, leaving the USA at 8000 tons way behind (if they have 8000 tons). I have been banging on about the need to hold physical gold for ages and the reasons for doing so are now even more relevant. I strongly urge all to buy gold Britannias or Sovereigns for insurance and peace of mind. ATB Speedy

Hi Bamps. Go on, be a devil, work out how many millions gold ozs potentially at Goliath. I have and dare not post the results. ATB Speedy

Hi All. Guessing the daily SP here is fun, but means diddly squat. Someone wants this held at 22p and i suspect all will be revealed soon. ATB Speedy

Hi All. Nice rise, but tomorrows COT report from close last Tuesday will show the banks actions from approx $1650 to $1780. I suspect they have gone short on the $130/oz rise. When they go long there will be a rise to take your breath away and it is not even close yet. The banks can only take so much pain and will eventually break ranks just as JPM has done. When that happens $100 day rises will be the norm all the way up to the next line of defence. I see the banks letting it run to $2500/oz before pulling it back down to $2000. These price fluctuations matter not to the physical PM investor but traders beware. ATB Speedy

Hi Imp. When Pierre said that i think he meant in the short term gold mining stock will follow equities. Over the medium to long term a rising POG will result in a rising SP for miners. ATB Speedy

Hi All. My holding here (modest) is sitting with AMC at the very back of the bottom drawer, wake me up when we reach 1p. ATB Speedy

Hi MFU. 16.41 £18k @22p . This price will be used for open of play tomorrow. ATB Speedy