Member Info for speedymeadie

Hi Doublehun. With all the USA$s in circulation and if only 40% was backed by gold the POG would have to be re rated well above $30k/oz. Thats not even including all the debt and derivatives. The USA $ is too far gone to be saved. ATB Speedy

Hi All. Just had a message from my girlfriend and her cat has wiped its brow and is now purring away peacefully. ATB Speedy

Hi All. Not going to be too many selling below 6p, maybe a few traders selling for profits from 4.8p but there sells will be snapped up. ATB Speedy

Hi Doozer. A long as they keep on creating fiat out of thin air the POG will keep on going up. There is no profit for gold holders through inflation. The profit comes when the Fed/banks loose control of price suppression, as is happening now. We have seen decades of suppression and gold has a lot, and i mean a lot, of catch up to do. The POG could double every 7 years because of inflation( $ depreciation) but when the Fed looses control and throws in the towel we could see the POG double in months and that doubling will be pure profit for UK holders of Britannias/Sovs. ATB Speedy

Hi Dip and Doors. Thank you for the info, greatly appreciated. My 2 questions were answered. The 4.8p raise was to make sure the raise went through and SD admitted that the price could have been higher but too risky. The hedging being split between forwards and puts just shows that SD is more financially aware than some give him credit for.

The first quarter 2025 accounts will make the market aware of the profits at, maybe as much as, $3000/oz POG and i am totally amazed at the fact the Newmont kept to their deal at the previous POG. Newmont are a completely different organization to Newcrest and their share holders should be proud of their Cos ethics. ATB Speedy

Hi CharteRex. I suspect you will need to keep on re rating our profit potential as the POG continues to $3k/oz and beyond. ATB Speedy

Hi Ben. There are so many pointers to a higher SP that it is hard to mention them all. The real difference will be when we are producing and with Telfer turning out gold with a huge profit margin the market will notice and respond. ATB Speedy

Hi Chabuddy. It is all about sentiment. The mining sector as a whole is about the most un loved on the stock exchange. The smart money is gradually waking up but the big western institutions have not even cottoned on to the gold bull yet. When the gold miners announce their profit margins and a few institutions get on board the rest will follow, as they always do. Then the miners will play catchup and gains will be greater than the gains in the POG. ATB Speedy

Hi All. A new ATH of $2640/oz was hit in the early hours and it seems as though the Fed has lost the $2600/oz battle. What is amazing is when the 5% saga was taking place the POG was approx $1000/oz lower than todays print. We also now have a 100% control of Hav plus Telfer (along with the responsibility). My logic tells me we are worth more today than then, yet here we are in the 6s. Once SD clearly announces our path i see a definite rerate upwards. ATB Speedy

Hi Zoros. Please explain your reasoning for such a dire prediction. ATB Speedy

Hi All. Very quiet here today and looks like 6.5p is the level for the moment. However, in the gold market things are very different with the Fed pushed into a corner via their own actions, suppressing the POG whilst central banks around the globe snapping up physical gold at a discount. Sooner or later the Fed is going to have to give up the suppression as their stash gets depleted. Thats when the fireworks begin. ATB Speedy

Hi All. Unfortunately i am unable to attend this time. I was going to ask SD 2 questions, maybe some one attending can ask for me.

1. Why 4.8p pricing for the raise (probably on Newmonts request)

2. Have you considered reducing the % hedged, with such a small debt level is 60% necessary.

ATB Speedy

Hi MFU. Do you prefer poached or fried. ATBSpeedy

Hi Hopefullygold. If you were holding a huge position in USA treasuries you would be very worried about the decline in purchasing power and the threat of confiscation of those treasuries. The Saudis are not alone in buying gold on the quiet. They do not want to spook the market even more. As soon as the main players (China, India, Saudi, ETC) have exchanged enough $s for physical gold an announcement will be made that puts the final nail in the $s coffin. It can not come soon enough. ATB Speedy

@dog waste. You little weed, you will always be one for reasons that are apparent to most here.

My account shows a six fig profit and i expect that to vastly increase as SD takes this Co on this journey.

Stick your piddly profits were the wast comes from and leave us investors alone.

Hi Ricardo. I only use ETFs for short term trading, you can never take delivery and i do not trust JPM who are usually the custodians. Atkinsons or Chards are very good dealers and my preference has always been gold Britannias but with the increasing cost per coin a few Sovs would be a good idea. Both Brits and sovs are CGT free. Only ever take delivery for a few coins (2 or 3) and always store at place of purchase, this ensures good delivery status and only costs approx 0.5% storage fees inc insurance ( the insurance premiums for storing gold at home exceeds that) i cannot stress this too much "never take delivery"

Resale is easy, Britannias are a very liquid asset and one phone call, to the dealer storing you coins, will see funds in your bank in hours not days.

Whilst on the subject of coins, do not forget silver Brits these are also CGT free and if stored in a bonded store they are VAT free as well. The premiums for silver Brits is very high so they are a long term investment.

I hope this helps and if you need any more info just ask. ATB Speedy

Hi All. Take a look at the gold chart and you will see the upward curve getting steeper with $100/oz gains per mth. My target of $3k/oz in 2024 looks within reach. The banks will try and put a cap on at $2600/oz but will fail. Any dip below $2600 should be a buy. Most western citizens/institutions have missed the start of this bull run but it is not too late. The ATHs should not put you off.

There is a decision to be made, buy the gold miners (risky) or buy physical gold (little risk). For me its an even split. ATB Speedy

Hi All. If this does not get up to and beyond pre dillution SP next week i will eat my girlfriends cat. ATB Speedy

Hi Badger. All looking good with nearly 10million bought after time. The market is waking up to GGP. ATB Speedy

Hi Doozer. Just spent a few days down in Oakhill drinking scrumpy and enjoying the effects. ATB Speedy