Member Info for speedymeadie

Hi All. In a honest market the gold cycle holds firm. However we are not in a honest market. looking at the 10 year chart we are exactly where we were 10 years ago. The FIAT being created has gone to the banks who buy equities, property (mortgages)bonds (corp and gov) causing a bubble in those assets, but they also use that free money to suppress PM prices. Every asset over that 10 year span has increased in price except gold. Every gold/silver miner and investor along with every jeweler and bullion buyer has been robbed by this criminal activity. The bullion banks have made $billions from this corrupt trade and are being forced to cease. Gold has been a safe store of wealth for 1000s of years it is only in recent times that the corruption in the paper gold market has disrupted golds allure. The gold cycle will return to normal and will be effected by supply and demand, as do all markets, once this disruption ceases. ATB Speedy

Hi Matty. I said earlier that i would not comment any more on the subject. Best to stay positive but be prepared. ATB Speedy

Hi SW16. Just purchased a bottle Glenffidich 18YO. It was priced at £27. At the checkout it was £37 (the correct price) After a bit of a scuffle £27 was agreed, love ASDA. ATB speedy

Hi Scipio. Not me mate, have never reported a post and never will. ATB Speedy

Hi Fenix. Been called an old croc a few times, does that count? ATB Speedy

Hi Mickey. I do not think $1700/oz will ever be seen again. I may be wrong but all the indicators are for a much higher price. ATB Speedy

Hi Babyinvestor. I totally agree. no more on this matter from me. ATB Speedy

Hi Horned. Glad i made your day. May i suggest you take some time to read up on what is coming. Davos and the New world order will be a good place to start, you will not find it in the daily express. Speedy

Hi Trading,Scipio, Horned. No point in arguing with people blinded by the mass media. If you think for one min that Boris, Merkel, Macron and Biden run their respective countries i have a bridge in London to sell you. The whole world is heading for a place where personal wealth for the masses will not be allowed, basic payments for all and a system that will make 1984 look tame. Speedy

Hi Baby. Blockchain tech is the future, but having a crypto backed by nothing is as bad as paper backed by nothing. There are several digital currencies available today backed by gold. Any central bank issuing a digital currency 100% backed with gold will win the race, China springs to mind. They have been telling their citizens to buy physical gold for years now and it has been stated by several experts that China now holds in excess of 20k tons of gold. I see China confiscating their citizens gold and adding it to their central pot and creating a world beating digital currency backed with gold. To cover the value the POG will have to be re rated to levels that today seem impossible. ATB Speedy

Hi Hornblowered. My socialist comment was not an ignorant statement, it was a statement of fact. What else would you call the present state of world affairs. Europe UK, USA, Canada all heading further and further to the left and propping up failure after failure with taxpayers money. Speedy

Hi All. Nice start today for GGP. Good discussion over the weekend regarding POG/S. The recent drop in the price was due to the bullion banks selling 1.4million ozs in one order driving the price down $60 and hitting stops driving it down further. No trader in their right mind sells that much in one go. The banks were on the short side of the recent rise and have profited nicely from the drop. I strongly feel this is the bottom in the POG and we will see a substantial rise over the coming weeks and taking us with it. Talk of inflation verses deflation is interesting but one normally leads to the other. The worlds economy was in a terrible mess long before C-19 and the only way for govs to maintain there socialist agenda is to create more currency. This unearned credit is leading to inflation and a bubble in stocks, bonds and property until it bursts. Get prepared. ATB Speedy

Hi LTinv. Carrots, onions, spuds and cabbage are good. ATB Speedy

Hi All. The derivatives markets coming collapse will make the big short look like a bookie, at Haddock park( sorry Jerry) giving you a bent £50 note. The derivative market is the most dangerous and over leveraged market ever and by a massive margin. It is best described as a bet on a bet on a bet on a bet and so on for 1000 times. When one of the bets (bookie) default all will collapse in a heap and $trillions will be lost. Do not be one of the victims, buy and hold hard assets. ATB Speedy

Hi Jerry. You really must start to diversify a bit more. Pssss hello gov want some bonds. ATB Speedy

Hi Shorn. Thats it then, i must diversify into Banks,pubs and bonds. Selling all my PM stuff Mon Morn. ATB Speedy

Hi Droverman. That is a point that most punters miss, CGT on bitcoins, it is not money. If the hackers and big holders dont get you the tax man will. Gold/silver Brits a much safer,tax free, store of wealth. ATB Speedy

Hi All. Diversification is a must? I hold GGP, Wheaton Metals, GDXJ and a shed load of gold/silver Brits. Hows that? ATB Speedy

Hi All. I posted on this topic the other day. No central bank owns bitcoin, the powers that be will not allow something they cannot control become mainstream. I may be bias towards PMs but i honestly think the bitcoin story will end in tears. It has become a good profit maker, priced in $s, but there will be a rush for the exit at some stage. ATB Speedy

Hi Life. Love Max. $3k/oz gold, $100/oz silver and bitcoin $250k/coin. Speedy says £3/GGP share. My first ever prediction, just for fun. ATB Speedy