Member Info for speedymeadie

Hi Tig. I wondered why my ears were burning. As for where the POG is going, suffice to say mid to long term a lot, lot, higher. Why i hear you say, before this covid mess the repo market was in free fall, the banks had so much bad debt liquidity plunged. Now we are faced with a multiplier, millions unemployed, small businesses falling off a cliff, many sectors (hospitality/aviation etc) under water, national debt at such levels it is hard to imagine it being repaid. I could go on but you get the idea. Some people are leaning towards bitcoin, and the price is rising , good for them as any liquid asset is better than cash but for me its PMs. ATB Speedy

Hi Mickey. Muscling in on my job, please stick to SP questimates or the boys will be knocking on your door. ATB Speedy

Hi Sprouts. You are correct and the SP should be calculated using data some where between the inground POG and LOM profits. Unfortunately you or i can not come to a fig as we have no idea how much gold/CU will be found. Fair to say the SP will be substantially higher than it is today. ATB Speedy

Hi All. And there was me thinking my 1.6p buy in was a safe bet. Not easy this money making game. Note to myself "do not buy any more AMC" ATB Speedy

Ho Baby. You are correct when mentioning bias reporting. Greyerz will talk up his Co. However if you track back and look at his recommendations he has been fairly accurate in his long term assessment of golds place in the global economy. He is always looking at relevant news to put a positive spin on the PM market. Matterhorn Asset Management are up there with the best and one of the safest storage providers. ATB Speedy

Hi All. PIs will not be allowed to trade the coming spike due to the GDXJ buying frenzy. This profit opportunity is confined to the big boys. The spike and resulting drop will happen out of normal trading hours. If you are very very nimble you may be able to scrape a few crumbs of the table first thing Monday. I am happy just to watch it unfold and wait for the gradual rise and then the massive rise on SWAG results. ATB Speedy

Hi Jack, Franco Nevada along with WPM. ATB Speedy

Hi Drover. Is that £1/2 mill or 1/2 mill coins @£1500. Matterhorn asset management would meet that at the moment for coins but not for much longer. ATB Speedy

Hi Jack. You are right to be aware of ETFs especially, so called physical PM ETFs. Long term they will be seen to be very dangerous. ATB Speedy

Hi Blue. Sharps Pixley are good as is The pure Gold Co. ATB Speedy

Hi Jack. Good post. I hold gold miners and streamers/royalty cos same as you. The reason i am comfortable with and hold physical is it will never ever go to zero unlike every FIAT in history. A gold bug. ATB Speedy

Hi Blue. Coins (Brits or Sovs) in storage. ATB Speedy

Hi Oil. No way would i sell GGP stock at the moment there is to much upside coming, but eventually you will sell or get bought out and then you have a choice, reinvest in equities, hold cash or buy gold. I recon gold will be the bet bet, unless of course the POG has risen to an unbelievable level by then. ATB Speedy

Hi Blue. Most seasoned investors see that this market is over priced (not GGP) and will be selling down and holding cash ready for a rebound. For me i see a better way of preparing for that by holding physical gold in reserve as opposed to falling £s $s ect. ATB Speedy

Hi Tig. Its not really the cake its your company. ATB Speedy

Hi Tig. Save some cake for me. ATB Speedy

Hi All. I see mention of $1400/oz . Anything is possible. The only way is see that price is via a massive and i mean a massive coordinated attack by the shorters to cover their positions and come out of their overblow positions with a smaller loss. I see this as almost impossible as the HNW individuals and family offices will buy contracts on the COMEX and stand for physical delivery and "break the bank". I personally see the POG rising considerably from here with buying coming from equity insiders selling stock and bond holders fleeing the trade and buying physical gold. Global finance is in a terrible state and gold will see you through the coming major correction in the over blow equity markets. If you do not hold at least 25% of the value your portfolio in physical gold you will regret it. No, IMO needed. ATB Speedy

Hi All. Its only 9.30 on a dark cold Tuesday and the excitement is all consuming. What will happen now is the transformation from an explorer to a miner. Mining is a very very risky game, we will need new staff to complete this epic task, watch out for vacancies at GGP as this will tell us where we are headed. ATB Speedy

Hi Bobrad. Try a bullion dealer. ATB Speedy

Hi Tacet. Can you see where stops are set? ATB Speedy