The Pricing System for Gold and Silver is Broken

There is concern about the pricing structures around silver…

Keith Neumeyer on Palisades Gold Radio

Tom welcomes back Keith Neumeyer, President & CEO of First Majestic Silver Corp. Keith explains why the world needs enormous amounts of metals for electrification and carbon objectives. He says, “We will never be fully off oil and gas but we can reduce it given time.” He is a fan of hydrogen and nuclear solutions for energy.

Keith discusses silver recycling and why supplies of similar seem limited. It will require considerably higher prices to recover silver and bring these metals to refiners and recyclers. The recycling business is quite difficult and metals are hard to recover from e-waste.

He is concerned about the pricing structures around metal and believes the Comex needs to go away. First Majestic’s approach is to sell bars directly to industry and thus often bypass the futures market.

The mining sector has been undereducated for some time and Latin America is now filling in the gap for talent in engineering and mining.