Member Info for speedymeadie

Hi All. As ever there is always exceptions to the rule and there are a very few ETFs that allow physical redemption. ATB Speedy

Hi Marmaris. Short answer is "not enough to go around". The only way would be POG in excess of $30k/oz.

Most western institutions do not hold physical gold and rely on ETFs that track the POG or claim to hold physical gold. When, not if, the brown stuff hits the fan all the holders of ETF gold will be left holding worthless $s. Investors in ETFs are not eligible to redeem their holdings in physical, that is reserved for the authorized participants (JPM et al). This info is well documented but it seems to fall on deaf ears. ATB Speedy

Hi All. There is nothing to be gained by trying to work out posters agenda. Empty boots took a guess and failed, 9 is peppers on acid and the fun between Ace and MH is just entertainment. The sensible folks here let it go over their heads and quietly wait for SD to do his job. ATB Speedy

Hi All. What the hell happened to my post. Infantile bickering has completely overwhelmed the intention.

We own 30% of a shed load of gold and at a much, much, higher price the profits will be (enter your own adjective). ATB Speedy

Hi All. So many pointers are for a much higher POG. There are too many to list them all but here are a few main ones

rate cuts expected to continue

debt increasing to nose bleed levels

sell of in the tech sector (funds have to go somewhere)

India reducing import duties

Central banks around the globe buying at record levels

Chinese and other eastern citizens loading up a record levels

HNW individuals protecting wealth with gold

war drums being banged ever where (pray they come to their senses

The $2400/oz level is being defended by the Fed, too early to say they have failed. Open interest in the COMEX has outstripped the new longs so the banks are increasing their shorts. My view is any buy below that level is a good bet short term. Long term is almost guaranteed to be higher,much higher. ATB Speedy

Hi Spondy. The question was "can you bring gold into the UK". ATB Speedy

Hi Benrumpson. There is no problem with bringing gold into the UK as long as it is personally owned and not for intended for sale. I am not a corporate accountant and would not care to comment on the offshore position.

If the gold is in bar or jewelry form then any sales profit must be declared to HMRC and purchase invoices from the seller to you must be shown, if not tax will be payable on the whole amount.

I would not recommend bringing large amounts of physical gold into the UK. Much better to buy gold Britannias from a Swiss co and have them transferred to a vault in the UK, no limit, no tax to pay. ATB Speedy

Hi MH. Take up Aces offer of a meet, you never know, you may think different face to face. ATB Speedy

Hi all. Just had time to watch the vid. What stood out for me was when talking about Newmonts sale of Hav/Telfer SD said "with the ROLR we are in a very strong position" Come on SD bring it home. ATB Speedy

Hi All. I have never read any posts from EB and probably never will. Hi so called info is probably just a guess. If it is correct he will gain credibility, if he is wrong he will disappear along with a million others. ATB Speedy

Hi All. The volatility in gold should be seen as an opportunity to acquire physical at a discount. Anything below 2400/oz is a gift from weak hands, load up. ATBSpeedy

Hi All. The anticipation and tension of news on a deal is rising to a crescendo. This week or this year? I hope this week as my nerves are getting frayed. ATB Speedy

Hi All. Bubble and burst, come to mind. Berkshire Hathaway and many other big players hold cash in vast quantities. Where do you think some of that cash will end up. When the big institutions in the west wake up to the power of gold, watch out above.

GGP is approaching a perfect storm of a vast gold asset at a price well above todays fix. ATB Speedy

Hi All. Convicted for violent/disruptive behaviour means loss of benefits. Peaceful land, easy. ATB Speedy

Hi All. My experience with TG was akin to living in a dictatorship. The Kinesis TG only allowed ramping and any challenge was edited. I pointed out many problems in the system for users and was banned. Have not joined another TG since.

On a different topic, just ignore the the disrupters. ATB Speedy

Hi All. We are being bombarded with negativity from all angles Mostly from brain dead fiddlers but that nine fellow is in a different league. His constant attempts to divide and conquer has even drawn Bamps into a pointless argument. Nine is Cullpepper on acid and best ignored. ATB Speedy

Hi Bamps. Folks are forgetting that GGP is an exploration co The amount of land that Ggp can explore is huge. The tech used ensures that not too much time and money is wasted. Our geo team needs all the help it can get. I believe Hav is just the start. ATBSpeedy

Hi Tig. Good to hear from you. If the Lassonde curve goes as thought then the 30p party at the Stag will be the middle of winter around a roaring fire with a glass or two of the good stuff.

-As far as progress is concerned the permutations are almost endless and not worth worrying about. What is a fact is we own 30 o/o of Hav and no one can alter that. If a third party want to pay too much for telfer/Hav so be it. We will just have a new JV partner. One thing is for sure, Hav will be mined and Ggp will benefit. ATB Speedy

Hi All. Nigel for PM the sooner the better. ATB Speedy

Hi Timber. I fully agree with all you have just stated. The permutations for the deal makes it impossible to foresee the outcome. Must admit though it is enjoyable trying to anticipate the structure. Come on SD bring home the bacon. ATB Speedy