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'Greening' the world requires much more silver at a much higher price, First Majestic CEO says
9:08p ET Wednesday, October 28, 2020
Dear Friend of GATA and Gold:
GATA got some compliments today as Andy Schectman and Elijah Johnson of the Miles Franklin coin and bullion shop interviewed First Majestic Silver CEO Keith Neumeyer.
Neumeyer expressed disappointment that most mining company executives deny or ignore government-instigated manipulation of the monetary metals markets. He also asserted that the "green" electrification of the planet will require much more silver production and much higher prices of the metal.
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The ratio between gold and silver prices, which has been has high as 125 to 1 this year, will have to close, Neumeyer adds, noting that silver's annual production now is only about eight times gold production.
The interview is 23 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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