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    Will Elon Musk buy a silver mine? Silver to $125 as EV companies drive demand – Keith Neumeyer



    Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, he also discussed First Majestic’s mining operations, its bullion sales, and how inflation is impacting the silver industry.

    Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
    Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
    Follow Keith Neumeyer on Twitter: @keith_neumeyer (https://twitter.com/keith_neumeyer)
    Follow First Majestic Silver on Twitter: @FMSilverCorp (https://twitter.com/FMSilverCorp)

    0:00 – Automakers and mining
    6:26 – Supply crunch in silver
    8:10 – Elon Musk buying silver
    10:30 – M&A activity
    12:49 – Silver price in 2022
    15:47 – Silver consortium
    17:46 – Inflation
    21:13 – Gold price forecast
    23:50 – Silver price forecast
    26:46 – Central banks and silver
    28:30 – First Majestic Silver
    37:58 – FMS Bullion
    40:00 – Russia-Ukraine conflict

    #silver #tesla #gold
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    View 34 Comments

    34 Comments

    2. A Al on

      One kilo silver per Tesla ! This is an exaggeration , I think it’s 30-50 gm according to most resources.

    3. richard hanson on

      Great interview Michelle!

      keith heart has always been in the right place. i Agree with him almost all the time.
      I love silver too! only problem is the paper to physical silver market and manipulation , otherwise i feel his predictions would come true

    12. 911 Aircooled on

      Thanks Keith for your time and thoughts, very accurate. Michelle, you are obviously one intellectual lady and ask the right questions at the right time. Well done.
      I do believe in the POS future, but it won't happen until the Fed pauses. The have NO chance of controlling inflation, not one hope in hell. All they are doing is propping up the USD to support the US economy!
      Keith, if you need a new silver mine before musk get involved, maybe look at ASX: BML and SVL.

    13. SkywalkerWroc on

      Musk can't afford shit. He's flooded with debt, and good luck with finding a bank that would loan him hundreds of millions after it came out that he's absurdly incompetent as a manager of Twitter.

    19. Pete Peters on

      The stock market rally started strong but reversed solidly lower, undercutting the lows of the prior few days. It's a reason to be cautious in the very short term. But the pullback could be setting the stage for another solid advance. Tesla (TSLA) continued to climb Thursday, even though the EV giant pared intraday gains. TSLA stock has now more than doubled from its Jan. 6 bear-market low,I'm still at a crossroads deciding if to liquidate my $238k stock portfolio, what’s the best way to take advantage of this bear market?

    28. Gilles Bujold on

      With all respect, Keith has been saying that silver will reach a triple digit price for years now, is it a sales pitch, im doubtful on intentions

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