Keith Neumeyer - Silver Deficits Running Hard

Patrick Vierra from SBTV spoke with First Majestic Corp. CEO Keith Neumeyer. Keith tells us the silver specifics from the point of view coming from the mines. Keith's first hand view and knowledge is full of good info, good info that a silver investor or in general a precious metals investor needs to know. Watch it all here.
Discussed in this interview:
01:16 Metals on the move
03:37 Silver attracting a broader market
07:57 Silver prices ad deficits
16:26 Mining info and strategic metal
22:53 The First Mint and $100 Silver
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[@zenylovebird]

I have been listening to Keith, Lynnette Zang, Rick Rule, Andy S, David Morgan, Jim Ricards, Peter S....and all others for 5 yrs. Waiting patiently but also aware that there are many people out there stacking and waiting for decades! hoping for the best but at the same time not sure what to think anymore.

[@RobertojavierSilvaharth-ub3pz]

Yeah, those are the cheerleaders of the 'bull' market for silver; they sell their metal as other people buy it. It is a bunch of 'bull'.... Precious metals increase in value in proportion to currency devalue. All this hype will unravell in time as people realize they're jawboning the price up in order to sell their book.

[@11Bravo84]

Agree 💯

[@sas6561]

@@RobertojavierSilvaharth-ub3pz ... Hardly Robert! You will be proven right / or proven wrong, as the metals markets rise or fall in '24, '25, and '26. If metals tank in these coming years, your words will ring true, but if there is a healthy rise in metals, you will have a lot of egg on your face. We shall see ... Right???

[@johnbill6994]

The Problem is the paper market and JP Morgan shorting the precious metals. JP Morgan has been fined close to a billion dollars for their crimes. Someone needs to go to jail. Fuck the fines. Everyone wins except the little guy. However, a low silver price is buying opportunity but, hold physical.

[@smsmoof8128]

@@RobertojavierSilvaharth-ub3pz you sound like Jeff Christian, is your hairdo like his?

[@maverick1956hk]

First Majestic will soar as silver takes off

[@peterpagliaro1835]

I think so. True; Keith is someone who talks his books. But even prior to this interview I believe he backs up his convictions. I think he honestly does loves the industry and wants his shareholders rich; which I don't say about many CEO's. Perhaps we'll even see soon enough that buying Jarret Canyon was not a mistake. Maybe the timing was just a bit pre-mature.

[@gratenate4932]

I really respect Keith Neumeyer. He is an amazing entrepreneur! Sure glad I bought thousands of AG shares at the beginning!

[@yuriengland1]

If Mexico doesn’t take their mines.

[@jakelemay7913]

Soar like a seagull.

[@tjfamily9263]

This is why there will be MORE demand when silver price rises: at $25 per ounce, it does not store wealth. At $100 per ounce, it stores wealth. There will be huge move into silver to "store" wealth as the price holds at $100. You can hold your wealth and so you will buy more.

[@vanevans645]

I bought First Majestic stock after listening to Keith several times: Stable, thoughtful, driven. It is only a matter of time before silver goes way up.

[@bla-ig4bd]

He f'ed up bad buying jarrett canyon. I have been listening to him for a long time as well. Snake oil salesman, show me the money and when the CEO makes a huge mistakes he should be ousted, regardless if his founder status at the company. Shareholders are not happy with First Majetic's performance

[@forsakenquery]

Yah the performance has not been good to say the least.

[@HagarTheHODLer]

His gamble with Jarrett Canyon pays off big when gold hits $2400. Did I say big? I meant BIG! But it is a race against time.

[@bla-ig4bd]

@@HagarTheHODLer it was supposed to be profitable at 1500$

[@marceldekker2149]

Green deal ramping up silver

[@DutchLibertarian]

nice Keith Neumeyer at your show thank you Patrick🙏

[@lesmaalerud2638]

Keith said he's doesn't know where the silver is coming from to make up the shortfall with the silver deficit. Can anyone explain to me who in there right mind would sell silver at these prices knowing there has been a silver deficit for six years and in 2023 the deficit was four hundred million ounces.

[@goldismoney5899]

Owned First Majestic for many years averaging down. Bought from their bullion store as well. Keith is the Silver Boss. END THE FED. Gold and Silver are money. Yes Keith, silver IS money.

[@bla-ig4bd]

He f'ed up bad buying jarrett canyon. I have been listening to him for a long time as well. Snake oil salesman, show me the money and when the CEO makes a huge mistakes he should be ousted, regardless if his founder status at the company. Shareholders are not happy with First Majetic's performance

[@bjmichael1967]

We're fed up with you 😅​@@bla-ig4bd

[@ddprepper5227]

Excellent report

[@davidsummit9851]

Pray for the people. Pray for silver to go up

[@teresitarivas1060]

I love this video, I respect a lot to Keith Neumeyer and all the work he made during his lidfe in mining companies

[@dawnbrandt]

Millions of ounces leaving the comex for India and China. They know what is coming.

[@SilverBullion]

Absolutely correct.

[@rudeawakening3833]

Wonderful video ! This channel has integrity from its host to guests like Mr . Newmeyer ! No unrealistic pumping ; but FACTS , and information that mature members of the silver community can understand and appreciate . The transparency that Keith had with one of his projects with a collapsed water well shows honesty right there ! Many CEO’s in his position would fear information like that would hurt his share prices , but that kind of testimony shows me that this is an honest and straight up miner with confidence . Great job ! Also happy to see First Majestic open their own mint !

[@SilverBullion]

Thank you for the kind words. Keith's integrity I'm pretty sure wom over a lot people. He went over and beyond and that's why so many investors love him.

[@rudeawakening3833]

@@SilverBullion Absolutely . It ripped my heart out that people actually send him “ hate mail “ and dog him in the comments ! He is THE MOST vocal voice in PHYSICAL SILVER in my lifetime ! ( and I’m old ! 😂)

[@gratenate4932]

Thanks Patrick! CONGRATULATIONS KEITH. So very happy to be a fairly early investor in First Majestic. Triple-digit silver! Vindication!

[@bladerunner1680]

We have not seen triple digit silver.... yet. Don't underestimate "their" ability to suppress spot price. Until the paper market is exposed it will continue.

[@doctorinvizible2077]

First Majestic is very undervalued now

[@soulpatchjackson3076]

Waite till the market falls... this isn't nothing..

[@doctorinvizible2077]

@@soulpatchjackson3076i do not think you will seE another chance

[@bla-ig4bd]

He f'ed up bad buying jarrett canyon. I have been listening to him for a long time as well. Snake oil salesman, show me the money and when the CEO makes a huge mistakes he should be ousted, regardless if his founder status at the company. Shareholders are not happy with First Majetic's performance

[@doctorinvizible2077]

@@bla-ig4bd Jarret will be in function next year and you will eat your words then

[@bla-ig4bd]

@@doctorinvizible2077 really?

[@nunoalexandre6408]

The First and only Majestic!!!!!!!!!!!!!!!

[@thethinkingman9338]

According to David Hunter - Silver will be $60 + by year end. I have a lot of respect for Keith . he provides great insight.

[@ottmarschafer5713]

Very similar interviews with Keith are now 3 years old, and nothing has changed

[@shakespeer1677]

I’ve been a first majestic stock holder for a long time. It’s a love/hate relationship 😉🎭

[@11Bravo84]

Me too 😂❤👍🏻

[@goldismoney5899]

Most silver miners have traded like first majestic. We will be vindicated and rewarded for our tenacity.

[@scotthodor4292]

Thanks for so much info in tight window.

[@SilverBullion]

You're welcome. I try, it helps when you have Keith speaking on matters.👍

[@ronrussenberger5085]

Thank you Silver Bullion TV for the video , very good

[@levteck]

All summed up perfectly at 9:55. Bingo. Great video.

[@silverlover5817]

thanks for the video..........

[@ronrussenberger5085]

Keith is praised by Rick Rule for a reason , I think First Majestic is on solid ground and can only go up. I like the drill results just released from San Dimas . The mine has so much mine life left years and years. When Jerritt Canyon geologists find big gold , you watch the stock go up. This company is fire and the upside potential is a monster. A lot of disappointed people from 2021 silver squeeze, this is not Keith's fault and im saddened to hear people send ugly letters to a guy giving his heart and soul into this. Me personally I believe in Keith fully , de dollarization is real. Money has to have three things to be money. #1 A store of value #2 A unit of measurement #3 A medium of exchange. Yes silver is money and don't ever doubt this. It is the next best thing to gold and everyday people can afford it. When gold is sold out, people will buy silver period....

[@gr2551]

Will AG ever recover as a stock holder, I bought at 12.50, and just prior to that it was around 17.00 three years ago, but now it is lingering around 5.64. I have not sold and hoping that it will recover. Do you see AG recovering from these low trends and going back up to the levels where it once sold a few years ago?

[@lukedecelis3090]

Its worth noting the deficit is based on total demand. Industrial demand sits at 632Moz. That leaves a 188Moz surplus added to above ground inventory. Nevertheless im still bullish and invested but its not comparable to a primary deficit such as the uranium market.

[@paganwarrior9245]

Keith . You have a good amount of shares in black rock silver . Buy it out .. perfect for your new mint . Just down the road. As you know

[@esioanniannaho5939]

Yep know your pain ! Almost All PM miners down 50pc !

[@Minneolaos]

Fortuna Silver Mines closes its San Jose mine ahead of schedule.

[@SilverBullion]

Why?

[@ddprepper5227]

Historic buying opportunity, HBO silver 🚀🚀🚀🚀🚀🚀🚀😊🎉❤

[@SilverBullion]

It is.

[@TheKlaus3001]

Tesla now buying directly from impact silver is also telling a Story for me.

[@rodgordon3004]

People won’t be laughing at Keith in the next couple of years regarding silver prices.

[@gee1777]

I own many ounces of First Mexican silver coins and bars, what will be the new stamp for the new mint

[@renerivera5096]

Great interview when Kieth speaks I stay quiet n listen.

[@SilverBullion]

I stay quiet and listen too :)

[@renerivera5096]

@@SilverBullion indeed my friend keep them interviews coming. I appreciate your efforts and hard work. Thank you

[@RMBrumLtColonelretUSMC]

Patrick hope all is well. I’m Still Stacking Silver 👍

[@SilverBullion]

Colonel! How are you sir! I'm hanging in there, trying to get things turned around where they're growing again. Great to hear from you and that you're still stacking. We need to get more flag officers, rank n file to stack also. You think other flag officers are aware? We have a guy working on affiliate programs. Let me know if interested. [e-mail] Godspeed Colonel

[@RMBrumLtColonelretUSMC]

@@SilverBullion I will Check it out my friend. Of my retired military friends there are several that accumulate precious metals - not as aggressively as myself tho 😂

[@JAES1]

ESG is garbage manipulation and control, previously known as mandates\;]

[@dissinger888]

Silent But Deadly T.V.

[@SilverBullion]

I like it.

[@ddprepper5227]

HBO historic buying opportunity silver​@@SilverBullion

[@11Bravo84]

😂👍🏻

[@14Unow]

If banks get involved and start hording silver, which they might if Silver goes on critical list, Silver values will go skywards.

[@william1863]

100 DOLLARS IS NOW ONLY WORTH 20 BUCKS PEOPLE BECAUSE OF INFLATION!!!

[@brianreid8751]

Which is better - to buy the physical bullion Silver and Gold OR hold stocks in the mining companies. Stocks can look good but some say the stock market may drop 80 % to 90 % - Depression years level ??? Rich people can buy both stocks and physical but most of us stocks or an ounce at a time. Nice Video

[@SilverBullion]

Thank you for your support and welcome aboard.

[@14Unow]

Silver will only come into it own once the world realises that more is being consumed than discovered. Big recent exports to India and other fabled Eastern countries will drain exchanges quickly.

[@rickhayes-oh2zm]

even if silver is no more. they are going to trade a billion dollars a day paper.

[@Buckingmonkey]

The thing that annoys me about Kieth is he'll say he wonders why silver price is where it's at.... yet he knows damn well about the manipulation in the market to keep real money on the floor so the dollar can reign supreme. It's annoying to hear him pretend as if he doesn't understand it.

[@SilverBullion]

Sometimes a man doesn't need to say he is itchy if you see him scratching. Keith has always given people good info for someone to decide on their own.. Just saying...and I'm not speaking for Keith...If I need funding, permits, and responsible to shareholders. I have to walk a fine line. Upset a bank, govt, shareholders, the market, and I'm done.

[@gldslv312]

With everything going on, the guys running the west know the masses can not have another form of money and with infinite money you can short the stock infinitely. Don't poke the bear. Peter Schiff is the same way. He substitutes 'The market has not figured out' for the manipulation of PMs.

[@iancassie9840]

will THEY push up copper prices , to allow them to CONTINUE TO UNDER PRICE SILVER BI PRODUCT

[@SilverSlayer]

Hello fellow silver stackers 👊

[@SilverBullion]

Hello 👋

[@williampmcd8548]

Mr, Neumeyer and co. if practical it might be worth considering available hydrogen fuel tech to run the Lincontata mine, then they could use waste water from that to lighten water load for mine.

[@sofdhelix57]

Will there be more silver production with higher prices??

[@SilverBullion]

I'm going to say it's too late. With ESG policies and new explorations taking many years from exploration to production, demand will outpace supply. Either this will cause the price to rise to speed up exploration and production, or an alternative to silver will need to be found.

[@johnhenryreber2501]

Silver has sucked for so long that there is no money in exploration. It needs to get its ass over 50$ atleast. Silver exploration is expensive and 25$ just sucks. Thats why Keith said they also mine gold and get money from that. Golds over its 2011 high and silver still is half its 1980/2011 high. Where else can you find something that is half its price in 1980$ and 2011. Silver is ridiculous and sucks right now. Ridiculous thats is half off and sucks there's no money in it yet. Its ridiculous too that demand hasn't pushed it to atleast its old 50$ high.

[@sofdhelix57]

Is there enough silver to mine at all? It's quite scarce. Gold mining indeed gives a much better profit margin. So investors are therefore less focused on silver. I think there will come a time when supply will never be able to meet demand. Silver mines may already be producing at maximum and the price will not be able to change this. Copper is also becoming quite scarce...... soon less silver will come from here as a by-product.

[@johnhenryreber2501]

​@@sofdhelix57there are a few silver exploration companies out there i have stock in. They are pennies right now and a little risky. But the pay off would be great if they succeed. And like Keith says, gold mines usually find some silver as a byproduct. Theres tons of gold and copper exploration out there. I imagine silver will still be rare because of extreme demand for electricity stuff and because its cheaper than gold for people with less money who want some physical investment. Like me. I have one silver miner stock that I'm so pissed at. I bought it at 1$ and it fell to 10 cents. Ive been spreading out my investment in gold exploration, but like rick rule says about his past experiences he bought penny stock miners before and they went from 40 cents to 40 $. And he became a millionaire. The possibility is there if you have money to risk and can wait. I'm having to average down on this silver miner, and all i need is it to go to 10$ and I would have a million fake USD. That, is not out of the realm of possibility, so do your research and find some exploration stock and make your pick.

[@johnhenry1395]

Mines are like oil wells, eventually they all run DRY/Empty. Mines are just too speculative. And the miners are too Poor/Needy. And the foreign jurisdictions are too unpredictable....I used to own a bunch of Primero, their mines (Black Fox, San Dimas etc) are now owned by First Majestic due to Mexi gov't interference. Do yourselves a favor, Buy mostly metal.

[@joostonline5146]

Keith has been saying this for 5 years

[@SirAlford]

Smart money is avoiding miners in Mexico like the plague!

[@14Unow]

Banks paper sales manipulation for keep silver prices low. Only change if there is a financial meltdown.

[@thomasjensen6243]

Gold and silver do not even come close to keeping up with inflation.

[@dennistupper8262]

HA If the BS Silver institute is reporting possible 1.4 billion demand this year then it will be alot higher. Silver Institute ALWAYS Under report.

[@dajjalmohammadmulhidpeer5198]

Its not the gold and silver prices going up but the fiat paper values coming down that should be in news.

[@overlordsshadow]

I heard Tesla was funding a mine in Mexico for silver and buying direct.

[@SilverBullion]

I've been hearing "state actors" are buying direct from mines. It's why I asked Keith. I believe Keith, but if it really were the case I seriously doubt any mine would admit to it.

[@breezer1788]

At 25$ silver is free…

[@tienshou]

😊Silver price will explode when India and China fixed their vacuum cleaner! The ground will be so clean and there will be nothing left.

[@jeannettebrewer3007]

I'd wonder what will happen when all this "green hype " ends..people are realizing that its mostly B.S. ..if all the hype collapses ..silver will price will follow!! It will still have it's uses..but it will definitely drop in price. I Believe that most hopes are on a new currency developed by the BRICS countries..based on gold and silver..and get J.P.Morgan out of the fixing the price of silver!!

[@dennistupper8262]

Yup but if that happens then its not just hype for silver... And as for the Green deal .. Well if you do buy panels and you get a good price for them and your plan is to stay put in the house then it does pay for itself in about 12 years or less . It really depends on the utility rate hikes / Spikes ... My energy costs Electrical was $2400 year and I spent 25 back in 2004 for panels. So zero bill for 20 years... Great investment for me at the time. Not sure how it is now but for me it was worth it.

[@brucetampa8390]

Own physical metals not miners.

[@dennistupper8262]

PS. Costco I believe will reach a new audience of Silver stackers. I wish we could find out how many stackers there are in the world . With simple Math I could get an easy Approx of what Stackers are purchasing . Sure cant rely on BS Silver institute reporting... I can tell you this. Our numbers arent even .0001 % of population... My numbers of .0001 percent of population would represent just 800,000 stackers... Could you imagine if we got to that level.If each stacker bought 1000 ounces per year we would take out almost all of the entire worlds mining ... This is why I stack now because once more people realize Silvers value it can go easily ballistic... At todays price your talking about a 26 k year investment. Check this out. CA Alone has Millions of Millionaires.. 26 K is a Drop in the bucket to invest for them..Starting to see the problem yet ? Investing Demand in the silver Market has Exponential growth.

[@SilverBullion]

Great points my friend.

[@beng7004]

Silver is doing nothing this is just normal price movement 21-28 price range over the past 10 years nothing to see here guys

[@johngordon880]

Keith should see a doctor, he doesn't seem well.

[@matthewmarshall7996]

Keith and FM are losers.

[@brysona466]

Just Because Silver is Mined at 7 to 1 to Gold Doesn't Mean it "Should" Trade at That Ratio ... Cost of Mining Plays a Bigger Role ... Demand Outstripping Supply Will of Course Push Prices Higher for Silver Making More Silver Deposits Economic to Mine; Driving Up Avg Mining Costs & Thus Price Floor ... Steve St. Angelo @ SRSRocco Does a Great Job Illustrating This

[@coloradocowboy3073]

Turn off the background music!