Silver is rarer than people think, and silver consumption data is just guesswork and understated because silver users don’t want the market to…
Dear Friend of GATA and Gold:
First Majestic Silver CEO Keith Neumeyer, interviewed today by Daniela Cambone, who has moved from Kitco News to Stansberry Research, said investment in silver is worthwhile despite manipulation of the silver market because that manipulation will break.
Silver consumption data, Neumeyer added, is just guesswork and understated, because silver users don’t want the market to know how tight supplies are.
Silver is rarer than people think, Neumeyer said, with miners producing only 8 ounces of silver for every ounce of gold, and because it is crucial to much manufacturing silver’s potential for price appreciation is substantially greater than gold’s.
The interview is 21 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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