Triple Digit Silver in 2 Years? — CEO, Keith Neumeyer
by SGT, SGT Report.com:
Keith Neumeyer, the outspoken truth telling CEO of
First Majestic Silver and Chairman of First Mining Finance is back to help us dissect the current state of the global silver market. Keith notes that the current silver to gold ratio of 80 to 1 is absolutely unsustainable in a world where physical silver is being mined globally at a rate of 10 ounces of silver for every ONE ounce of gold.
“How can you possibly trade at 80 to 1 and be mining at 10 to 1? That relationship cannot last,” Neumeyer says. “I think we’ll see triple digit silver for sure over the next couple of years.”
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Silver, and gold, sellers “buy, buy, buy, buy, buy, buy! You’re stupid if you don’t buy! Gold and silver will skyrocket durring the crash!” Well, according to gold and silver history charts going back 100 years, there’s never been a recession or depression where gold and silver didn’t bottom out as well, and skyrocket (back to normal) after the recession / depression was over! But, yes, I would rather have my money there, then in stocks, or bank accounts!