Keith Neumeyer: Triple digit silver is coming

By Rory | Daily Coin

It is no secret the mining industry is in trouble and has been in trouble for several years. The acquisition cost for precious metals, especially gold and silver, have been at rock bottom since mid 2011. The base metals, like zinc, lead and copper have also experienced a “correction” in acquisition cost due the collapsing global economy. If you add to this fact the collapsing cost of oil, due to an over abundance of supply, the mining industry needs a break!

The good news in all of this is Keith Neumeyer, CEO, First Majestic Silver and Chairman, First Mining Finance, who continues to re-invent the mining industry and has created a win-win for some of the distressed mining operations. Enter First Mining Finance. With the success of First Majestic and Keith’s die-hard devotion to the precious metals he has witnessed, for a number of years, the importance of the supply-demand fundamentals. These laws of the markets have been criminalized by the so-called “regulators” that operate the global pricing mechanism for all precious metals at the COMEX and LBMA.

Keith’s analysis has allowed him to build two different multi-billion dollar companies. First Quantum Mineral, a copper mining company, is one of the largest copper mining companies in the world. First Majestic Silver is one of the largest silver mining companies in the world. When Mr. Neumeyer begins discussing the mining industry, especially where precious metals are harvested, we should all pay close attention. He has forgotten more about precious metals mining than we know collectively! When he says something like “I expect silver to hit triple digits.” that certainly has my undivided attention.

American Silver Eagles have been on allocated sales [read rationed] since July 2015. The US Mint recently announced they were going to “quadruple the allocation amounts” for silver eagles. This means they are still being rationed which translates to another rigged market. The U.S. silver mining production no longer supports the demand the US Mint has for silver eagle coins. The laws regulating the production of American Silver Eagles state very clearly the silver to produce these coins is to come from the U.S. and no where else. This is no longer the case. The US Mint is forced to import silver, probably from Mexico or Peru, (since Canada’s silver mining no longer supports the Canadian Royal Mint Silver Maple Leaf) to satisfy the demand for silver eagles.

If you have been following The Daily Coin and Shadow of Truth podcasts on YouTube, then you are well aware of China and India’s desire to convert a significant amount of their home electrical needs to solar power. China announced in 2014 they would provide 100 GW (giga watts) of solar power to individual homes by 2020. This requires an enormous amount of silver for the production of the solar panels. Which leads to my favorite question for close to three years now – where is the metal coming from? Where will it come from as the mines are slowing or closing that harvest silver? If the mines are slowing down or closing, for whatever reason,  how do we continue to back-fill the need the human race has for silver? Let’s not forget the USGS stated “silver would be the first element on the periodic table to go extinct” Got physical?

Let’s listen in to Keith Neumeyer and find out what’s going on and what you should be doing right now to take advantage of the current situation. Mr. Neumeyer hasn’t built two different multi-billion dollar companies by sitting on his laurels.

Via Daily Coin