But, importantly, the speed of the disc relative to the air or the ground is not what creates aerodynamic lift. Lift is caused by the differential in the speed of the air above the disc versus the speed of the air below the disc (Bernouilli's Principle). This is not affected by the disc's spin, but instead by it's forward movement through the air. If lift were caused by the speed of air moving over the disc, then the disc should rise when spinning, even if it is not moving forward.
Another point that is seemingly lost on people who equate pecession with fade. Fade is caused by precession as the angle of attack changes as lift is lost. This change in angle of attack is caused by the loss of lift due to loss of airspeed of the disk, i.e., the disc while remaining more or less horizontal, starts moving more downward. The center of lift moves forward and is converted, by precession, into a roll that we call "fade."
However, precession cannot be ignored earlier in the flight, when the disc is spinning faster. Lift on one side of the disc will also be converted, by precession, into tilt, not roll. I.e., more lift on one side of the disc does not cause turnover. If there were more lift on the left or port side of a disc thrown RHBH, than on the right, it would cause the disc to tilt upward, not roll to the right.