Member Info for speedymeadie

Hi Jerry. Modesty is your middle name. ATB Speedy

Hi All The cost of hedging is determined by risk Hedging $5500 at $5000 would be financially unrewarding

Maybe Jerry could enlighten us STB Speedy

Hi All The term “Tier 1” is not precise and different experts use different parameters

I would prefer to use “world class”. ATB Speedy

Hi All. China just added the largest amount of gold to their reserves in ages. This brings their "official" amount to 9% of total central bank reserves.

Are they stupid or smart?

They are taking advantage of this discounted price and so should you. ATB Speedy

Hi All. India has restricted gold imports via higher tax not restricting flow. This is because so many Indian citizens are using rupees to buy gold it is affecting reserves. Its about time citizens here woke up. ATB Speedy

Hi Bunky. Ask the citizens of Weimar Germany or any country that has experienced very high inflation. The prepared survive the rest are in serious trouble.

Gold will do what it always has done, preserve wealth ATB Speedy

Hi All. At the turn of the century gold was about $250/oz. The official inflation figs are a load of ballocks and the POG proves this.

You either prepare yourself for the coming collapse or suffer. ATB Speedy

Hi Bunky. We are in the 21st century. No need to slice bits of gold offto buy groceries. That argument is well and truly finished

Best to prepare rather than stick your head in the sand. ATB Speedy

Hi Jerry. Spend spend spend. ATB Speedy

Hi Zoros. Yes I am fully aware that 20% inflation would finish off an already dying UK. ATB Speedy

Hi All. We are headed into a high inflation period, maybe 20%. The money supply increase is about 10%/yr and still things are getting worse. Its like pushing string uphill. The system must break for it to be fixed and gold will play a major part in that fix.

What will you do with a special divi from OCs? ATB Speedy

Hi all. Whilst talking about bullion coins I have to mention silver Britts. Silver is starting its journey to the £100s/oz, but buying them is expensive. To avoid extra costs I strongly recommend buying and storing in bonded store to bypass VAT.

Mine are stored in Swiss vault and instantly convertible to cash if needed and CTG free. ATB Speedy

Hi Ajgales. Well done. Not much more time left to buy at these discounted levels. ATB Speedy

Hi Ajgales. So what would you prefer. A mint condition (not proof as they are another level of condition) or a scratched beaten up old circulated coin. Answer On a postcard please. ATB Speedy

Hi Howard. I mention 7year old Britts to address the gifting rule. Buying brand new coins is a good idea for long term investment, mint condition is always preferred over circulated. ATB Speedy

Hi all. Stop giving it to the wasters and help out the strivers. Bring it on Nige ATB Speedy

Hi SAS 3rd train at Telfer? ATB Speedy

Hi SAS Too much gold. What a problem to have. ATB Speedy

Hi All. It does not get any better than this. Finding gold for only $5/oz next to a processing plant and with minimal capex to reach the ore.

I am going to have to adjust my £8 sell target up considerably. ATB Speedy

Hi All. There is a massive increase in the understanding of physical gold as real money. This understanding is pushing the bull run to an inflection point. When that point is reached the POG is going to explode due to demand.

Having been involved in the gold market since the 1970s i have never witnessed so many pointers ( far too many to mention here) for a higher POG.

If you have not yet protected your wealth by owning physical gold that window is closing fast. ATB Speedy