“We have the biggest silver reserve in the world and Pan American will to go back to essentially the same silver-to-gold ratio seen before recent acquisitions,” says Michael Steinmann, president and CEO of Pan American Silver. “Inflation came in higher than expected last year, and I think we are over the hump now and hopefully that continues the rest of 2023,” he tells Daniela Cambone at the Gold & Silver reception during PDAC 2023. “I think it will be a sticky battle for the Fed on the inflation front,” Stienmann continues. “Silver is one of the most critical components to create everything. It’s an absolute critical mineral when advancing humanities’ path with electrification,” he reiterates. “Interest rates need to go a bit higher. It will still put pressure on the silver and gold prices, but the price will run quickly once interest-rate hikes are over,” Stienmann concludes.
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35 Comments
Only buy XEL99X to survuve this bear market
XEL99X to the moon!
Stocks and traditional markets are ruined, in a way also the crypt.. but not all of it as the recent announcement of XEL99X is blowing through all roofs
With everything going on I am fully putting trust in XEL99X and I can give you three reasons why you should as well: Stability, utility, brand power
The emergency is that you can still lose all your assets but XEL99X is safe because of their guarantee for the remaining time of 2022
The XEL99X army is the first real army, all these shib and other dogs around are just jokes honestly
Of course XEL99X is the first and strongest hype now that the rumors became reality
if this XEL99X rises like mana and does x30, I'll get 500k usd
XEL99X has as much potential as ethereum. But unlike ethereum it has a bigger growth potential.
Ignore the stocks and make some moves towards XEL99X that is the best strategy tbh
The XEL99X folks know what they do they keep pushing and pushing
Soon we will laugh about all the depression we went through and a big part of that is that we can live happily with XEL99X
People DESERVE to know about XEL99X and what it does for us. Spread the word!
Old guys want to decide our life in politics, XEL99X is how WE decide it and not leave it to them. This is key
Those who didn't spend 5 minutes on getting to know XEL99X will regret 5 years, the math checks out you'll see why I say that
So this XEL99X has multiple articles and videos on it. Sounds good to me but I'll not be part of it
Bros XEL99X is going so crazy and unexpected that this is pretty much everywhere and spreads like crazy. Is this the real pandemic?
There will be a time everyone talks about XEL99X. Wait it's already happening lol
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All XEL99X guys need to write their own comment why XEL99X is best, that's how we make sure as many people as possible will know
If you are in XEL99X help us making a comment about it please
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There is for sure a better life available once someone grasps the power of XEL99X
The last years drove me crazy and first time I smiled was with XEL99X. I'm not kidding it's real
Reply
Word spreads really fast with XEL99X doesn't it?
Let your voice be heard the XEL99X army is there to make the change we need, not all heroes have capes you know
So the launch of XEL99X is clearly something which deserves to be known even if it's not related to this content but what are you going to do anyway here? waste time and procrastinate
I bought 20,000 XEL99X .. hoping for a big run
Excellent content. I used the last dip to stock up, buying XEL99X now its cheap, can't miss the presale.
Gas/petrol, groceries & Starbucks price hike 100% since 2022. Yet silver prices remain the same. Traders plus their AI whose bosses are cartel, triad and mafia. Silver is God's Money. You oppress peasants 'like us and make us pay, and pay and pay for all your gains. So be it. So be it.
Pan American Gold! Or how amount Pan American Money, baby!
It should be noted that Rick has repeatedly indicated he is mostly in cash
He thinks the inflation is contained?