Member Info for speedymeadie

Hi MrNegative. Thanks for the link. Gold and related stocks will do well in a time of inflation or deflation because it is not a commodity it is money. If the central bankers want to defeat deflation all they have to do is give unearned $s £s etc to the masses and put an out of date on it to force people to spend. It is a lot harder to fight inflation because the world is in so much debt and any increase in interest rates (used to fight inflation) will cause massive defaults and send the banks into free fall. Fill yer boots with physical gold before it is too late and of course loads of GGP stock. ATB Speedy

Hi All. The first magnum at the mitre is on me. ATB Speedy

Hi Panama. Totally agree, some outstanding posts today. Makes you wonder where this journey is taking us all. ATB Speedy

Hi Bamps. My previous posts stated "the real profit is in selling the gold to the Perth mint" In my view $250 in ground is far too cheap. Lets assume a POG $2k/oz at production of 10mil ozs, 5% from Newcrest leaving 25% is 2.5mil ozs. with AISC(say) $500 is $2.75 billion. Selling at in ground valuation $625 million would be giving it away. ATB Speedy

Hi Jonno. Deflation, a fall in prices in an economy and a increase in the purchasing power of currency. Bought about by an increase in productivity and a glut of goods and services and a decrease in money supply and debt. The complete opposite of what is going on. Inflation has happened (equity markets) and will continue to excelerate as unearned FIAT works its way into the economy. The $ £ Yen Euro (Deutsche Mark) have all lost approx 95% of their purchasing power against gold, this is not because gold is becoming more valuable it is because FIAT is becoming worthless. If you really believe Deflation is coming then start sticking £s under the bed, if you think inflation will increase, buy (GGP) gold. The decision is yours. ATB Speedy

Hi Desert. Trillions of $$$$s produced out of thin air. This demands change. When, not if, oil is priced in gold the $ is burnt toast. ATB Speedy

Hi Desert. So was gold once. ATB Speedy

Hi Sibloggs. Whats yours? ATB Speedy

Hi Bellers. Love the vid, makes you wonder how many old non viable mines will become viable when the POG reaches new highs. ATB Speedy

Hi All. Our main asset (gold) is about to hit the stratosphere. The Saudis have just released a bond (oil linked ) in Chinese Yuan. This is the end of the end of the $. If you are thinking about purchasing physical gold stop thinking and do it. Our SP is based on the POG and you are about to witness the biggest gold bull run in history when people switch from holding $s to PMs and hard assets. Silver, copper, iron, land and all sorts of hard assets will sky rocket. GGP is a leveraged play on the POG and holders will be well rewarded. ATB Speedy

Hi Tig. I have a slight suspicion that any claim will be a waste of time, some lawyer will take it on and ask for funding. Best wipe our mouths of that one. Very easy for me to say as only a small loss but no sense in throwing good money after bad. Plus it will bring on expectations of redress and will end in more distress, JPM never ever lose. ATB Speedy

Hi All. There is a possibility that the POG could retract to $1650. I personally very much doubt it as a fall of that magnitude would be paper lead and physical buying would increase well before that price is reached. I mentioned of few days ago that $1780 would be taken out (closing Dec contract)and it has. My money is on that being the low or very near. Fill yer boots boys and girls. As for the GGP SP dropping of a cliff, anything is possible as this is exploration, but we have been well and truly derisked with shed loads of gold found and are transforming into a producer. Most LTHs here do not need to be reassured but newly invested individuals need to understand this. ATB Speedy

Hi Tig. I agree GGP is one of best exploration Cos out there and an exception to the rule. The fact that our SP can rise while gold falls(temp) tells you an awful lot. The $200 plus correction in the POG should be used as a buying opp and i will be adding to my Brittania holding as well as my GGP holding as funds become available. ATB Speedy

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Hi Tommy the Dog. Not sure why you included me in your post but thank you anyway. I am a great believer in pitting in more than you take out, this mind set has done me well in life so far. ATB Speedy

Hi Red. Makes you appreciate our BODs. When researching for miners/explorers to invest in there are certain things to look out for, safe/pro mining country, not too much debt, good history, BODs holding stock and an experienced BODs. I wonder where i can find a Co like that. ATB Speedy

Hi Droverman. There is a massive difference between Japan and the UK. The Japanese people love to save we love to borrow to spend. Cheap loans by the shed load, unearned money pumped into the socialist welfare program and a gov determined to stay in power with unrealistic promises. It will end in tears as you well know. Every FIAT throughout history has failed why would this round be any different? The only way to protect yourself is with a proportion of your wealth held in PMs (and a big lump of agricultural land). ATB Speedy

Hi All. When we hit 29p in a few weeks time it will seem like deja vu. ATB Speedy

Hi Red. Precious Metals (physical). ATB Speedy

Hi All. Another good reason to be holding PMs and related stocks. UK debt to GDP is almost 100% and rising. 120% will be disastrous. The way Rishi is spending i expect high inflation to kick in. Usually high inflation is battled with higher interest rates but with so much debt lifting them will be impossible without causing massive defaults and bank failures. Add to that higher unemployment and damage to the economy via Brexit the UK is in for a very rough time. Protect yourself now with physical PMs. ATB Speedy