Marc Friedrich interviews silver expert Keith Neumeyer, who has founded several silver companies and has been in the mining industry for decades. Now he foresees the biggest bull market in precious metals history and expects a three-digit silver price within the next few years.
Keith Neumeyer, founder and CEO of First Majestic Silver and Chairman of First Mining Gold Corp., gives an assessment of the current economic situation and the situation in the precious metals sector. He expects money printing to continue in the near future, and, as a result, further price gains in the financial markets as well as a general rise in inflation.
Above all, the business insider sees opportunities in the resource sector, as supply has been dwindling in recent years due to a lack of investment, while demand is currently increasing sharply. Neumeyer expects a bull market for precious metals that is comparable to the last big bull market. Silver could rise from its low of $ 13 to $ 130 in 10 years, while gold could climb to $ 9,000.
According to the expert, we can already observe a certain scarcity in the silver market in particular, as mine production has fallen in recent years. For every ounce of gold mined worldwide, only 7 ounces of silver are produced. However, the price ratio of the two metals is currently around 1:70. In the interview, Neumeyer reveals which gold-silver ratio he reasonably expects in the context of a real future bull market.