BullionStar Perspectives - Keith Neumeyer - "The Perfect Storm for Silver"

Source: https://www.zerohedge.com/news/2022-01-19/video-bullionstar-perspectives-keith-neumeyer-perfect-storm-silver
Published: Jan 20, 2022
Author: Tyler Durden
Post Date: 2022-01-20 08:21:43 by Horse
Views: 496

Join BullionStar's Ronan Manly in conversation with Keith Neumeyer, President, CEO and founder of First Majestic Silver Corp.

First Majestic is one of the world’s largest primary silver producers, with extensive production silver and gold mines in Mexico and Nevada.

In this fascinating discussion, Keith explains everything from the supply-demand deficit in the physical market, to why the current price discovery structure of precious metals prices needs replacing.

Keith also discusses the growth and evolution of First Majestic and the company’s plans for 2022 and beyond, while also giving his views on silver and gold prices in the year ahead.

This BullionStar Perspectives video filmed in January 2022 and can be viewed here:

The interview with Keith is 42 minutes long and each topic in the interview is clickable as follows:

00:00 Introduction

00:35 First Majestic – locations and recent developments

03:36 Diversifying jurisdictions and diversifying metal resources

07:01 Differing perspectives of primary vs secondary silver producers

08:39 The physical deficit and paper trading

11:38 Paper manipulations and flawed price discovery

14:27 A different pricing mechanism – taking the banks out of the system

16:07 What would a physical price discovery market look like?

19:22 Silver Institute / World Gold Council ignore price discovery

21:56 Why was the CFTC and Wall Street so terrified of the Silver Squeeze?

25:19 Is silver the Achilles Heel of Wall Street?

26:23 Strategic stockpiles of silver - Russia, China, India?

28:20 Inflation-adjusted prices & the Gold/Silver Production Ratio

30:10 Silver Majestic’s online physical bullion store

32:17 First Majestic shareholders - Eric Sprott and Van Eck

34:53 Silver and Gold Price predictions for 2022

37:27 First Mining Gold Corp.

Post Comment   Private Reply

#1: Pinguinite    To: Horse (#0)

As much as I like silver, I'm so tired of hearing promises of silver exploding that it's really become a broken record. The bottom line is that the market is manipulated by the big guys. It's virtually the same as price fixing of commodities by communist countries resulting in low prices for things that cannot be bought anywhere. I've kinda reached the conclusion that the day it explodes to triple digits will be the same day that the dollar crashes, resulting in a net zero gain of spending power. Well, not exactly net zero but the true spending power of the metal won't be as dramatic as we think when we hear about $800 silver prices.

The place to be is crypto. So far, it's not a manipulated market. That could change as big finance gets its grubby fingers on it but for now the volatility is characteristic of an unmanipulated market.

Pinguinite posted on 2022-01-20 10:09:39   Reply   Private Reply

#2: Lod    To: Pinguinite (#1)

As much as I like silver, I'm so tired of hearing promises of silver exploding that it's really become a broken record.

Huge amen to that, our metals just track inflation in general. They're good to have and that's about it.

Lod posted on 2022-01-20 10:26:39   Reply   Private Reply

#3: NeoconsNailed    To: Lod (#2)

I'm studyin' on somethin'. Would a silver producer ever exaggerate the metal's prospects?

NeoconsNailed posted on 2022-01-20 10:31:15   Reply   Private Reply

#4: Pinguinite    To: NeoconsNailed (#3)

I'm studyin' on somethin'. Would a silver producer ever exaggerate the metal's prospects?

Yeah, there's that too. It would be a cool business to be in, I think, but the info is certainly biased.

Pinguinite posted on 2022-01-20 10:56:16   Reply   Private Reply

#5: Lod    To: Pinguinite, NN, 4um (#4)

The ONLY thing that's never lost money here is real estate, my metals haven't lost anything either, but they've never generated any income just lying there in the closet. Maybe my heirs will need to sell someday...

Lod posted on 2022-01-20 11:40:26   Reply   Private Reply

#6: NeoconsNailed    To: Lod (#5)

'Here' meaning in Ecuador, in your experience or something else?

NeoconsNailed posted on 2022-01-20 17:50:38   Reply   Private Reply

#7: Lod    To: NeoconsNailed (#6)

Here means where I am.

Lod posted on 2022-01-20 22:20:15   Reply   Private Reply