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Published On: Sun, Sep 11th, 2016

Silver is the most important metal in the world; understanding market with CEO Keith Neumeyer

You know Mining CEO Keith Neumeyer for his expertise in precious metals.  Rory Hall polls Mr. Neumeyer on more than just precious metals in this outstanding interview.  Catch my Silver Doctors interview too: click here.  – E.D.

TND Podcast Spotlight:  Rory Hall | The Daily Coin |

Silver: The Metal That Operates Our World

Let’s say you start a company that is building widgets. Your company starts out building this one type of widget and it is highly successful. Then you add a series of other widgets to your production. Your company is known for your first widget and your company takes the name that reflects this widget, we’ll call it “silver”. As your company matures and the other widgets begin taking the lead as far as volume of sales, profits produced and products manufactured. Your company is known as “silver” but the other widgets are what are actually driving the company. Is your company still a “silver” company or has it morphed into something else?

This is one of the more interesting points that Keith Neumeyer, CEO, First Majestic Silver and Chairman, First Mining Finance, discusses during the interview below. The situation is this – if your mining company starts out producing 70% silver but as your mine is processing less and less silver while increasing the production of lead, zinc and copper how can it still be considered a silver mining operation? If your silver production goes from 70% to 20% that tells us a lot about what is happening with the silver mining production. It may be isolated to a handful of mines, but, in my opinion, it is reflective of the silver mining industry as a whole.

Silver is a strategic asset. Our world functions in the way it does because of silver. The windows in your office building are coated with silver, all the technology, including the computer your are reading this on, functions because of silver. This is to say nothing of solar panels, biocides and the hundreds of other uses that make our world a more comfortable place. It also makes it a much more dangerous place as all the bombs being used around the world include a significant amount of silver in each of these deadly devices. Without silver our world would look and function much differently than it does today.

The significants of all this can not be over-stated. Silver is much more rare than people can even begin to imagine.

This brings us to the reality of the current silver “market”. Silver currently trades somewhere around 70 to 1 when compared to gold. The production of silver, naturally out of the ground, is mined at 9 to 1. The natural mined ratio has been used as the standard of value for these two metals for thousands of years – not decades, not a couple of hundred years, but somewhere around 4,000 years. What this means is for every 1 ounce of gold that is mined there are only 9 ounces of silver mined; but silver, currently, trades at a ratio of close to 70 ounces of silver to 1 ounce of gold! Based on 4,000 years of history does something sound out balance to you?

Mr. Neumeyer has a lot more to share with you, so, please give this a good listen. If you like being associated with winners, Mr. Neumeyer is someone you want to associated. He has already built two different billion dollar companies and is currently building what very well could be his third billion dollar company. Confiscation, the Federal Reserve and the current state of our economy are all discussed during this 30 minute interview.

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About The Daily Coin:

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Rory Hall, Editor-in-Chief, The Daily Coin, has studied the precious metals market, economic and monetary policies as well as geopolitical events since 1987. I have written well over 700 articles and produced more than 200 videos. Beginning in 2014 The Daily Coin became my latest incarnation. Prior to launching my own website and YouTube channel I began working with Sean at in 2012 and still contribute, daily, to his website.  The YouTube Channel, The Daily Coin, was launched in February 2014 and website was launched April 2014. My original articles have been published by such notable websites as Zerohedge, SHTFPlan, Sprott Money, Silver Doctors and The News Doctors just to name a few. I have interviewed some of the top professionals, in their field, from around the world, including Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. The Daily Coin is enjoying global growth for both original works and delivering some of the best economic, precious metals, geopolitical and preparedness news from around the world.
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