Member Info for speedymeadie

Hi All. The POG/S is very volatile and will continue to be so until the bullion banks have driven it down to lessen their losses. $1920 did not hold as i warned. The FED has not increased rates, the DXY is stuck below 90, lock downs everywhere and $s £s euros etc are being created like confetti, in fact confetti is probably worth more. There is no other explanation for the correction in the POG/S other than manipulation. This manipulation will soon stop. Our SP is directly linked to the gold price and a slight dip is to be expected until MRE and SWAG news. Keep calm. ATB Speedy

Hi MFU and LTinv. Eventually central banks will lose control of interest rates as bond buyers demand a better return. Rising interest rates are a problem for gold but with inflation rising and many experts predicting hyper inflation, demand for gold will out do any damage done by a few basis points rise in interest rates The central banks can not allow too big a rise in rates as there is far too much gov and corp debt. I have already covered the debate on price suppression by the bullion banks and they will use false news to force the POG/S down to lessen their coming losses when their short positions have to be closed The bitcoin/gold debate is ongoing and all i can say is central banks hold no bitcoin but are massive buyers of gold. Will they allow a money they can not control go mainstream, i doubt it.
As for this slight dip in our SP, it is just that, a slight dip. It is what markets do when waiting for news. ATB Speedy

Hi Viking. We cant blame all of todays slight fall on "our friends". The POG has fallen and with the coming volatility some players are worried, but fear not the volatility in the POG works both ways and any sell off will be quickly bought into and a steady rise to $2k will then lead to spectacular spike taking us along with it. ATB Speedy

Hi Tall. Allow small arms for public use now. ATB Speedy

Hi Merc. I am searching for a 5 seater convertible, any info would be appreciated. The only one i have found is the Bentley and thats a tad too showy for me. ATB Speedy

Hi Merc. Interesting forecasts there. If only we had that crystal ball. ATB Speedy

Hi Daveri. Now you have me scratching my head. Why on earth would GH want to sell knowing that SWAG results are good. Does not make any sense to me. Can we please stop all this speculating and stick to hard facts. SWAG results will come in good time, sit back relax have a cold beer and be thankful that you are invested here. ATB Speedy

Hi All. O.T. warning. USA deficit forecast for 2nd half this year $2.7trillion. Hyperinflation is showing up in nearly all hard assets/commodities/equities. When, not if, the bond market collapses it will be too late to fill yer boots with physical PMs and related stocks at a reasonable price. Act now or regret it. IMHO. ATB Speedy

Hi Tallchap. This is such a poor wright up it is laughable. Insider trading warning, our CEO sold a few shares,for reasons discussed to death here, at 13p and they say its a warning because he sold below todays SP circa min 30s. Also Wall St states no earnings for 2/3 years and we have been diluted in the past, no siht Sherlock. Not worth reading and a pretty poor show from that rag. ATB Speedy

Hi All. It still amazes me that shorters can distort a market, even one as large as BP. They took this down to the 180s then took their boot of the neck of the BP SP and with no massive change in circumstances (apart from the swings in the POO) the SP is back up in the 280s. There is no real price discovery in markets anymore. ATB Speedy

Hi Spades. Judging by the level of posts regarding bullion purchasing i think there is a high interest of the topic on this BB. Every single one of us here will sell, eventually and i feel it is important to explain the options for a safe place to store your new found wealth. In the box marked Subject you can see the thread, if you have no interest in the subject just skip it, simple. Speedy

Hi Sporty. Bars attract VAT and CGT but the premiums are smaller. I have a morbid fear of giving HMRC any of my hard earned for them to squander. Brits all the way for me. ATB Speedy

Hi Racing. No problem, glad to share info here. Anyone who has followed the PMs market closely for several years can see the potential for huge surges in price. When reading reports concerning potential amounts of gold in our assets it is mind blowing thinking about the profits involved when that surge takes place. ATB Speedy

Hi All. My earlier post stating 15% premium over spot for silver Brits, the premium reduces to 8% when the buy back price is taken into consideration. Some dealers will make a big deal about their buy back price being 100% of spot price, do not accept that offer no matter how good it seems, fair price is between 3% and 7% over spot. This is for Brits held in bonded store (no VAT). ATB Speedy

Hi Racing. Good question, gold or silver. Silver is a much smaller market than gold and is extremely volatile. The commercials on the COMEX have been trying to suppress the POS even more than the POG. Since JPM took over Bear Stearns short position in silver they have been shorting it on a massive scale and have banked $billions in the process, at the same time they have been buying physical silver to hold in their vaults. When the suppression ends silver will out perform gold by miles. JPM do not lose. ATB Speedy

Hi Racing. You asked me some questions in a post that i now can not find. So from memory. Why physical PMs instead of GGP? There are too many reasons to list here but the main one is diversification within my favorite sector (PMs). I am so over weighted in GGP it hurts. There are also security matters, some % of a PMs portfolio, in my opinion, should be held outside the UK for obvious reasons. There is also the tax advantage of holding the Queens head on bullion. Hope that helps. ATB Speedy

Hi Jerry. The bullion banks are receiving free $$$$s from the fed to suppress the POG and protect the $. Is $1920 broke yet? Not until the new positioning laws governing the naked shorting comes into effect. That is assuming the regulators do their job and that is a massive assumption. I expect massive volatility in the PM sector but i will not be trading it, far too dodgy. Over time the POG/S will go higher just as they have done for 1000s of years. ATB Speedy

Hi. Thefierce1. Buying silver Brits is a long term strategy, the cost of striking the coin is a large% of the value. Premiums for silver Brits are between 15% and 50% with 1.5% for storage with insurance. However the potential upside for silver over the next few years is extremely good with forecasts in the $100s/oz. Buying silver Brits may seem to be uneconomical at first but considering there is no CGT they are a good investment. I use The Pure Gold Co for my purchases and they offer above spot on buyback for coins purchased from them. For the record i have no financial interest in the Co, i just find them very competitive and trustworthy. ATB Speedy

Hi SocialistB. Our BODs have played an absolute blinder so far and i trust their decision on the Juri JV. They have more info than all of us and will use that inside info to our advantage. ATB Speedy

Hi All. For the anti OT brigade look away now. I mainly talk about gold but today i would like to comment on its lesser sister SILVER. Supply was under pressure long before covid struck the miners, with supply down 7% last year. With massive physical purchases last year of 350million Ozs for industrial uses and expecting to rise in the coming years with solar panels, EVs and biocide uses, just to name a few. With the silver market so small in comparison to the gold market any uptake in investment demand as a safe haven asset will see the POS take off. This is already happening with the price doubling since March 2020. A good way to take advantage of the coming surge is to purchase silver Britannias. If purchased thru dealers offering bonded store storage they will be VAT and CGT free. Fill yer boots. ATB Speedy