Gold and Silver Price Is Undervalued

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Keith Neumeyer, President & CEO of First Majestic Silver Corp. explains the mining industry continues to be held back and demonized. Mining methods are gradually improving. It takes time however to implement and build solutions in a capital-starved market. The creation of new mines takes years and sometimes decades. Tech companies are too focused on the short-term and don’t understand the complexity of resource development. The top five high tech companies have a market cap of five trillion. While the top fifty mining companies are worth a fraction of that industry.

There are no real substitutes for silver. Companies like Dupont have tried with limited success. By 2022 the world will need 140 million ounces of silver just for solar panels. This is a 30-40 percent YOY increase.

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.

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