Mega-investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the U.S. dollar effectively worthless and governments around the world angling for a new global currency mechanism, according to mining executive Keith Neumeyer.
The first primary silver miner in the industry just announced that it suspended sales of silver during the 3rd quarter due to the low market price of silver. First Majestic suspended sales of 35% of its Q3 silver production.
While this is only a small part of the primary silver mining industry’s overall production, at least First Majestic is trying to set a precedent by standing up to the manipulated low price of silver. If other companies joined the band-wagon and held back sales of their silver production, this could send a clear message to the Bullion Banks… that FUTURE PHYSICAL SUPPLY shouldn’t be taken for granted.
In the MUST LISTEN interview with Future Money Trends below, First Majestic Silver CEO Keith Neumeyer issues a call to fellow silver mining companies to HALT physical silver sales, and band together to form an OPEC-like cartel to combat the criminal banking cabal manipulating the precious metals markets!
“We all know the paper market has NO representation to the physical market.” – Keith Neumeyer, CEO, First Majestic Silver Corp.
Full MUST LISTEN interview is below:
By SD Contributor SRSrocco:
A few days ago, I presented a table on the top silver miners COST OF SALES ratio.
I have put together another one showing the OPERATING EARNINGS.
According to my data, the top 2 in both tables, First Majestic & SilverCorp have the best low cost structure of the bunch. They also showed the highest net income percentage compared to the others.
Here is the breakdown:
Keith Neumeyer, CEO of First Majestic Silver Corp., Exclusive Radio Interview With BullRun of SilverDoctors.com.
When asked on his views of the future of the metal….
I am comfortable with investing part of our revenue or part of our earnings into the metal.
We did invest $10 million in the PSLV which is Sprott’s ETF. We are the only mining company that actually invested in that fund. Quite surprisingly to me, I communicated with I think 5 other silver mining companies’ CEOs over a period of week prior to that offering by Sprott. I told them that First Majestic would participate in the offering and I asked them to participate as well. Not one of them did to my surprise. We are happy to do it, but it was a bit surprising that other miners did not participate.
First Majestic Silver Corp. is the first silver miner to be featured on SilverDoctors.com and has given us 7- 1/2 oz promotional rounds to be given out to SD Readers. Silver rounds will be awarded as part of daily contests from 4/15-4/21.