Member Info for speedymeadie

Hi Lossie. Silver is extremely volatile and mining is one of the riskiest investments around. A combination of both is scary. About the safest way to get exposure to silver miners is SILG. Priced in £s, liquid and spreads the mining risk with a holding of the best silver miners. ATB Speedy

Hi NO8s. Buying physical metals is a safer way than holding in an ETF but storing your metal "under the bed " is not a good idea, many know you have it, the delivery man, the insurance clerk your dealer plus close "friends and family" . I always store at place of purchase. This continues the "good delivery status" and costs, storage and insurance, are less than home insurance. Not sure who you refer to as taking weeks for deliver to sell. I can have funds in the bank in mins with just a phone call to my dealer. I have no problem holding a few £ks worth at home but the vast majority should be stored safely. ATB Speedy

Hi No8s. Very good advice. My silver holdings are in silver Britts held in a bonded store. No VAT No CGT. Less than 1pc charge for ins and storage.

As. Word of caution, silver is as volatile as it gets and is not for the faint hearted. AT B Speedy

Hi All. I must correct my statement. DFNS has slightly beaten gold returns since inception. ATB Speedy

Hi Sageman. Since inception DFNS has not kept up with gold. Apart from that it carries the highest risk factor there is. On the other hand gold is probably the safest and most liquid asset in the world. You really cannot compare the two assets.

If you call educating folks about the benefit of owning physical gold "an embarrassment" maybe that is because you already know that it is currently the best asst to own but many folks here do not.

Common sense tells me to own gold and ignore all short term fads. Apart from a small pot to have fun and not take it seriously.

I wish you well in your investments but in the meantime i will keep on pushing gold until events tell me to change tack, and that is not in the forseeable future. ATB Speedy

Hi Awax. AI use in pharma is particularly interesting. ATB Speedy

Hi Sageman. You are obviously a very sophisticated investor. One thing i must bring to your attention is that gold (in the correct form) has outperformed all the categories you mention by a wide margin. ATB Speedy

Hi Howzap. In answer to your questions, this is what i would do but it is up to folks to make their own minds up. Having said that there are folks that need a helping hand.

1 Paying of long term debt is a good idea, rates may become unmanageable. Short term, fixed, manageable debt is not so much of a problem.

2 Emergency funds are not really needed if you have easily accessible, liquid assets. No guessing what assets is would recommend. Good idea to have a few sovereigns in hand.

3 I am not a great lover of insurance in general. With lots of things to insure sometimes it is better to use the insurance premiums for investment and leave them alone until needed. Most insurance is geared up against the insured in favor of the insurer.

4 Are you "avin a larf" in todays environment all bonds and cash are guaranteed to lose value over time due to the unreported real inflation levels.

The other items you mention seem acceptable. For me i have never, ever, invested in financial vehicles. My life time investments have only ever been in gold or residential property/land. Investing in residential property has now become harder and only seems to work as owner occupied, the BTL market comes with many problems. At this present moment i am 100% invested in the PMs space. Those investments are, gold and silver Britannias and GGP plus our home. All are tax efficient. I also have a very, very, small pot for investment fun.

I am glad you are not my financial adviser. ATB Speedy

Hi All. With increasing debt levels and inflation creeping up the bond market does not agree with the rate cutting. 10year consolidating at 5% and longer term looking to go to double figs means servicing that debt will become impossible.

The welfare state,as we know it is falling apart with so many taking the p.ss it cannot continue in its present form. If our once great nation is to get out of this mess it will need a miracle.

It is not just the UK but nearly all advanced economies face the same problem.

The fiat era is coming to an end and it will not be a pretty sight.

Pay down your debt, live within your means and own as much physical gold as you can. ATB Speedy

Hi All. Very hard to call it, as there are so many variables. But whatever happens, gold revaluation or hyperinflation the best way to protect your wealth is with Physical gold. ATB Speedy

Hi Droverman. The way i see it is gold will go to those figs you quoted as a result of hyperinflation not direct action. ATB Speedy

Hi Droverman. The speak may be of reducing inflation but the real goal is much higher inflation to blow away the totally un repayable (many trillions of dollars) debt. They will lie through their back teeth saying inflation is low but those in the real world know that is total bullocks. ATB Speedy

Hi All. No relatively high(35/45k) sales at the low spot so far today. Maybe the shorts have seen the error of their ways and given up. I dont see the buy back having much effect as the volume was so low. ATB Speedy

Hi Doozer. Good report even if the wording is a bit flowery. He understands the problem facing vastly indebted countries who need a lower interest rate and the problem of doing that into a rising inflation environment. Dammed if they do and dammed if the dont. Even if, by some miracle, govs start to live within their means and balance budgets the existing debts can never be repaid. The only options open to them is default or hyperinflation. ATB Speedy

Mines an avalanche of Britts

Hi Toby. Most on here respect well structured and thoughtful debate. If something is said on here that you know is incorrect and have knowledge and experience to counter please, please, keep it up. Element is a good guy and means no harm to anyone. ATB Speedy

Hi Readthecandles. Good to see you back posting. What do the charts say about our future? easy to talk about the past. While your at it what do the charts say about the POG. Probably slightly more accurate to use charts to look at gold than GGP. Not a chartist myself but all knowledge is useful. ATB Speedy

Hi Toby. I know its hard to ignore, but the bore is just trying to wind folks up and get a response. Best to let it go over your head. ATB Speedy

Hi All. For me i like to read the posts to decide who is worth taking notice of and who is talking ballocks. Even the best informed get it wrong sometimes but folks come on here spouting plain rubbish trying to sound important.

The GGP family is a wonder and totally unique in its meets and friendly chats.

I am here to see Hav/Telfer producing with gold at or above $5k/oz and will not sell out until then. Maybe take a little profit on the way but i am in a position that i do not need the money and this will be for my heirs. If i still have the life in me when i sell the funds will go straight into gold Britannias. Hope they use some to put me under a decent stone. ATB Speedy

Hi Suspicious mind. Agree, the really savvy ones bought around the 5p mark and hindsight is a wonderful thing but it is still a good move to buy now and hold for a few years to see real profits. ATB Speedy