[color:"orange"] What loads faster a gif or jpg? [/color]
Hmm well the rule goes: a gif for drawn pictures, cartoons etc. and jpg's for pfoto images.
However I find from personal experience that jpg's load faster, especially if you run them through a web optimiser like Fireworks, I have been able to cut loading time by 50% in some cases.
In answer to your question, go with the Jpeg's <img src="/ubbthreads/images/graemlins/smile.gif" alt="" />