Physical silver supply squeeze about to get worse warns Keith Neumeyer
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- čas přidán 4. 07. 2024
- The global pandemic has shut down several mining jurisdictions around the world, taking off a large chunk of silver production, this according to Keith Neumeyer, CEO of First Majestic Silver.
“In 2018, we produced, as a global industry, 855 million ounces of silver. So far, we’ve had Peru come offline, with 145 million ounces, we’ve had Chile come offline with 42 million ounces, we’ve had Argentina come offline with 26.5 million ounces. That’s a total of 213.5 million ounces that has now been shut down,” Neumeyer told Kitco News.
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The silver to Gold ratio is ridicules you can't buy physical silver in Australia have to wait weeks for it.
spot price an physical price is no longer conected,now you can sell the later for whatever someone is willing to pay..2008 physical was sold for 48dollars while spot was 7dollars..
God bless you man ... you are one of my heroes and im putting my money behind you. Keep doing what you do, you will win. Truth will prevail.
Always wondered what Bruce Willis would look like with more hair
Gold and Silver will recover significant value in the coming Depression/ Recessionary cycle. There is way too much debt in the world economies. Thanks also to Danielle for her calm and insightful interviewing style .
Already maxed out all resources acquiring physical silver ... I’m good , good luck everyone else out There 😂
Love this guy and first majestic. Great company with smart moves and good morals
Market is completely disconnected from reality. Who knew?
"The paper markets are a complete fallacy..." TRUTH from your guest!
Excellent interview
we also hope that everyone at First Majestic is ok and the individual gets better soon
Thx for the quality content.
I can get limited bullion here in the UK, 70% over spot.
Keith " we can hang on for sometimes instead of selling Our silver for these stupid prices" ..😂 Love this guy
6:45 The shut-down numbers of mines in several countries Keith mentioned is terrifying.
These are the two people I love the most on the metal Market scene
Very insightful, Thanks Daniela for the update
currently silver is selling for 50% premium.
Thank you both for your compassion and insights! All the best from Germany
for every oz of gold sold,400 oz of silver are sold . 400 to 1
Just bought 5kg of silver, and the dealer cant even give me a delivery time frame yet....let alone a time
The price of physical silver should only be tied to the actual metal. Why is paper silver even a thing?
Does JPMorgan still own a large quantity of silver?
Another great interview, Danielle. I love your interviews because you always have good guests. But more importantly you let the guests talk without constantly interrupting them. You always ask the most pertinent questions.
I believe that your guests enjoy these interviews with you just for these reasons, you can see it in the interviews. Good job.
Gold has outperformed the Dow since Nixon closed the gold window.
Keith is the only mining CEO with a brain it seems sometimes..... He always been spot on....
Very glad I ran into this channel thank you for the great information. Keith make some great points on the silver market and completely agree on the grocery store and the way our government is handling the situation. Cheers and thank you
Great interview, thank you . New to channel great information !
Around me eagles are 30 bucks US each
Well done, the most valuable, informative interview I have seen here. many thanks
This dude is a solid and very competent voice of reason in this crazy time.
Primary reason that I'm heavily invested in AG haha.
Really thinking about making a video series called "Phoenix from the Crashes" and I would definitely throw AG in one of those.
Buy gold platinum & silver when ever you can 🥇🥈🥈
Great interview.
Thank you both very much, interesting times indeed.
We are waiting for the ratio to change .. that’s why we can be impatient
im getting a dyson for sure now
They damn sure don't mind tacking an additional $2.00 to $3.25 premium over spot when the times are good though is what irks me!
Please interview Keith more often!
that wall vacuum....mmmm....hot.
what a woman.... wow.
Stunning in Every Way... A Radiant Mother
Keith is the man. I wish the other silver miners would be so wise.
Quite good content, Daniela ;)
Haven’t heard anything about the Australian gold mines shutting , I don’t expect to either . Even in war time the miners are exempt from fighting to keep the mines open and generating income .
Keith is a legend!
Thanks for keeping us informed. Physical disconnect.
I have started buying AG stock. Don't have but 750 shares so far but a start.
Better sound for Danielle. Nice adjustment.
One of the best interview of the year. So on point, keep up the good work. PEACE and Sliver & Gold !
Its impossible to buy Eagles, maple leafs, philharmonics here in Sweden, Silver is the akillesheel of world economy 😊
Congratulations on 100k Subs Kitco!
Darniella! You deserve it!
Really like your interview (great questions)!. Also, really like Keith' answers with all his knowledge! Thank you for posting sound knowledge. Blessings from Canada
I love this guy! Straight talk - even called out the Fed! Great info and OMG what a beautiful hostess! Definitely subscribing!
Sliver prices has been deliveredly put down to discourage people. So once currency fall people will lose their wealth and 🏦 will take their all land and wealth
gold and silver prices are getting ready to explode!
Great channel some real news, thank you.
To get squeezed???? They need to get the tense right?
Silver 80 to 1 about $20 American. Not enough silver to paper ratio 🤣
Great interview. Very genuine.
Please use the split screen format for the entire interview on all videos. Can't get enough of that beautiful face!
Very nice show.
Very good people.
Very strange times.
Could it really go as low as $8.00 per ounce??
Yay, thanks for getting a microphone.
Love this guy...excellent guest
Jp Morgan Case, Jamie D. would look great in orange! 6 dealers charged yet they rule the comex. Hey Mr. BARR WTF
Dyson v5 or v7 in the background?
Daniela, is it smart to buy silver futures or paper silver now since there are no physical silver available?
Nice back drop, keeping it real with Mickey mouse hat and a DirtDevil
Big shortage at current prices. :( QC
I don't need but I want !!..More into gold than silver, 90/10 ratio !!
Didn't you hedge your inventory in the futures market like retailers of other commodity markets? It's makes one have to buy in the manipulated futures market.
Yeah, thank you :) so much better with the headset
What a shitty day it has been here in the UK. Glad to see Daniela in orange, being the fab journalist that she is. It's cheered me up. I sold a rhodium bar 2-3 weeks ago, That dealer now has had 3 weeks (it was a month before or more) wait on silver in the last couple of weeks, 1 month on platinum and a couple of weeks on gold bars. Gold coins? Fill in an application form, I think!!
Self isolating but went shopping.
love your videos
Paper silver drives the price. And Wall Street doesn't like silver, so it stays low
Are the Hunt Bros back in business?
Daniela is Kitcos best asset.
Daniela is like sunshine....I miss your gold necklace.
Keith is a beauty. Ya know what I'm gunna buy some First Majestic tommorrow.
Neumeyer has been saying to for 6 YEARS ---- WHEN IS IT GOING TO HAPPEN!!!!!!!!!!!!!
Danielle + that mic looks like a young Brittney Spears
My coin shops got tons of it but I'm not telling you where it's at LOL 😋
PM must be the only market in the world that isn’t control neither by the sellers or the buyers.
expect silver to go to 1750 in the next couple of weeks.
Good show
Nice vacuum cleaner hanging on the wall!
Keith should start a fun like the Sprott PSLV... stock it with his own production... and do monthly independent audits to show the physical silver is there... UNLIKE SLV!
Silver may be the investment opportunity of the decade.
The gold silver ratio!!!! like that even matters.
Hmm, I went today to my bank and bought 1kg bar of silver for spot +10% without any problems...
She look good
Is this Bruce Willis
Ive got a monster box of silver eagles for the right price. Bids?
The markets are a *forward predicting indicator*, so the silver smash is potentially anticipating reduced silver demand in the future, likely reduced industrial demand, due to factory shutdowns.
If the market is wrong and silver demand does not significantly decrease in the future, then the price will bounce back with a vengeance and current prices will be an excellent buying opportunity.
Technically silver could easily go lower to around $8.50/oz USD as there are no support levels until then.
Daniela is better composed than 90% of the 'journalists' out there.
You paid 17- 18 dollars - and the price fell - So what !!
You are the middleman between the consumer and silver mine/ mints........You are minipulating the marketplace by hording silver and therefore ARE as bad as what you complain about.....the SEC would take issue if you were trading stocks in this manner........and you know it !!!
Time to eliminate the middle men and allow the public direct sales to the mints and mines so the marketplace can operate in an orderly fashion.......
Absolutely Right!
Suicides will escalate!
Metals will NEVER do what the metal pushers say. Bought too much in 2007. Fell for the scam... Still have it. Metal investments are TURDS.
DANIELA , IS SO HOT!!!
Daniela, hawt!!!
can't let people out when people are dying and this hasn't happened in 100 years so don't know how many of these situations will happen in the future maybe every 100 years. anyone dealing with this now most likely will never have to deal will something like this again. either way i am long AG at closing price of $6.43 today go first majestic
I love hearing from experts after something bad has happened. Thanks a pantload!!! BTW This has been my most profitable trading month since the 2008 collapse. One more thing. If you really want to lose big money "BUY GOLD" Im serious you will loose your rear end. But Gold is what uneducated investors look at. Real traders who make a living by trading the markets are trading Crude Oil (CL) and Bonds on the secondary market right now. But hey that doesn't sell newsletters so the average investor is left with gold and all the professional traders are laughing all the way to the Bank. Investors beware. Im not a hater, just telling you what is really happening in the trading world.