BullionStar Perspectives – Keith Neumeyer – The Perfect Storm for Silver

• BullionStar
  Filmed in January 2022 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 silver 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, and gives his view on silver and gold prices in the year ahead.
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  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
  39:10 Future developments for First Majestic over 2022 – 2024

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