Holding Silver Will Be The Key To Retirement As Keith Neumeyer Predicts $1600 Silver Price

Holding Silver Will Be The Key To Retirement As Keith Neumeyer Predicts $1600 Silver Price

you know it would take them four to six
months to turn our ounces around so you
know our inventories were quite high
sitting on the floors of these third
party minuts which is our silver uh
which we of course have to account for
but um nevertheless we just weren’t able
to get them out into the marketplace so
um we said screw this and uh we’re going
to do this ourselves and so I made the
decision about a year ago and we started
buying up the equipment and uh we we got
fantastic staff of uh professionals that
uh have worked for many of the other
minting companies that we’re able to uh
uh convince to come across now we put
together a pretty fantastic management
team now we’re two weeks
in today we’re privileged to unravel the
complexities of the silver market
alongside a true expert in the field
Keith newm with Decades of experience in
mining and a Keen Eye for market
dynamics Keith provides us with
invaluable insights into the intricate
workings of the silver indust
Keith new kicks off our discussion by
shedding light on the volatility and
intricacies of the silver market he
underscores the pivotal role played by
Banks and institutional investors whose
short positions often dictate price
fluctuations delving into historical
Trends Keith traces back to the
tumultuous period of 2011 where short
covering drove silver prices to
unprecedented Heights he hints at the
fragility of this Market with a
significant portion of silver held in
paper derivative positions raising
concerns about its true Supply demand
Dynamics moving beyond market dynamics
Keith delves into the fundamental
factors shaping the silver landscape he
paints a stark picture of dwindling
above ground silver supplies driven by
the exponential rise in electronic usage
with the proliferation of gadgets like
smartphones and computers Silvera finds
itself embedded in various Technologies
making its extraction economically
challenging Keith emphasizes the
Staggering statistic that approximately
90% of all mine silver is now lost in
waste dumps or the ocean highlighting
the urgent need for sustainable mining
practices transitioning from market
dynamics to onr realities Keith
elucidates the arduous journey of
bringing a silver mine into production
he walks us through the painstaking
process of exploration Drilling and
Regulatory approvals spanning over a
decade or more from Raising substantial
Capital to navigating complex permit
requirements mining companies face a
myriad of challenges before even
generating Revenue
Keith’s firsthand experience underscores
the immense risks and uncertainties
inherent in the mining industry where
success hinges on favorable metal prices
and steadfast Community Support before
we begin don’t forget to subscribe to
our channel for more expert insights and
Analysis in their best interest to not
allow that that uh spot price to change
that dramatically because all of a
sudden and that whole run in 2011 from
40 or you know call it you know 35
depends on who you listen to but $40 to
$50 that was all short covering and uh
the banks were in super stress during
that period of time there’s talk about
you know that’s why you know be Sterns I
think it was or or whomever ultimately
went uh uh went bankrupt because of
their big paper derivative position on
Silver whether that’s true or not who
knows but you know there’s lots of
information on the internet that you can
find you know that dis that topic um you
know there’s a big short position in the
market and it’s all held by the Banks
and it’s all because silver is a very
commercial Market uh and it’s very thin
and that’s you know these guys and you
know these are young 30-year-old NBAs
out of callers that have no clue about
you know the supply and demand
fundamentals of the metal yet they’ve
been shorting silver for the last 30
years but you know they don’t know that
the above ground supplies of silver back
in the 80s was 5 billion
and back then uh there was no electronic
uses electronic uses just started coming
in today the the above ground supplies
are about a billion ounces and it’s all
an ETS so all that above ground supply
has been eaten away in electronics and
it’s it’s uh no one’s um recycling cell
phones or computers all that all that
computer waste is just thrown into dumps
you know the these are numbers that um
you we talk about within the industry
that and and you know they’re not exact
but 90% of all silver that’s been mined
is gone uh it’s it’s in Waist stumps
it’s in the ocean you know it’s it’s
gone you know 90% of all gold that’s
been mined is still sitting on the
surface in vaults you know in hordes and
so on so forth so you know silver is
very much depleting asset because you
know in this cell phone like you know my
little apple here there’s about two or
three dollars of silver in this thing
and to take it out it would cost a
fortune because Apple is very good at
eding that silver into that circuit
board and there’s not too many
Technologies out there that can extract
it in an economical way so no one no one
you know recycles computer waste and
that’s where a lot of our silver goes
there so just you know gets you know put
in way stops unfortunately and U that’s
what happens yeah well every mine is
different and um every country is
different uh so it’s not a simple answer
but um what I can tell you is that it’s
it’s it’s AB absolutely almost criminal
that we sell silver for 25 bucks an
house today y because the Blood Sweat
and Tears that goes into the production
of that metal is horrendous and uh it
starts from decades ago whereby as a
mining company you drill a hole and
you’re relying on geologists that are
telling you okay this is the right place
place to drill a hole and uh so you
believe them and you finance it you got
to raise the money so you drill the hole
you know cross in your fingers that you
actually hit something and lo and behold
you hit some silver and then you have to
drill more holes because you can’t just
you know rely on one holes so you need
to drill dozens and dozens and dozens of
holes over you know a lengthy period of
time you know four five 10 years in some
cases so then you have to put out proper
disclosure uh to the regulatory
authorities uh uh in order to raise
substantial money uh you have to you
know you’re going to rely on the
governments to permit the process along
the way uh because you know variety of
permits are necessary uh you know
depending on the size of the property
and the size of the uh asset or the size
of the resource that you drilled out uh
is depends on the how much money you’re
going to have to raise because that is
going to be dependent on the size of the
mill you’re going to build um so you’re
you’re by 10 years in you’re you’re
you’re starting
construction um and uh you’re you’re by
the time you’re in production you could
be you know call it 10 to 15 years in
and you’re probably um you know 200
million minimum and probably even up
towards 500 million or even if it’s a
larger mine up towards a billion um
invested to that point you you still
don’t have any Revenue yet um you’re
still relying on permits you’re still
relying on governments you’re hoping
you’re crossing your fingers that the
governments don’t change regulations
don’t change that the governments are
still supportive of of of what you’re
doing uh you you hope to get the
communities on side you hope to get
people you know employed because a lot
of times you have to build towns build
electrical infrastructure build water
infrastructure um um build roads
uh because lots of times these these
minds are you know in the middle of
nowhere so now you’re 15 years in and
you’re finally into Revenue so you know
whatever the number is 500 million to a
billion dollars invested it’s going to
take you likely 10 years to get your
investment back Beyond profit margins
and market trends Keith shines a
spotlight on the transformative impact
of mining operations on local
communities drawing from personal
anecdotes he narrates the Journey of
building vibrant towns from scratch
fueled by mining revenues from
infrastructure development to
educational initiatives mining companies
play a pivotal role in fostering
socioeconomic growth Keith’s passion for
Community Development Echoes through his
words underscoring the long-term wealth
generation that transcends mere
Financial gains so at that point it’s
all metal price right and we all know
how metal prices fluctuate so you have
to have a pretty darn good asset and
good people in place that are watching
their cost in order to you know pull out
a profit from that operation so by 20
years in 20 some odat years in and every
mind’s different of course as I said
earlier um you start to you know get uh
a positive cash flow and hopefully your
mind is going to be operating for the
next 20 to 30 years after that and the
community is is is robust and bustling
and you have you built schools Aventure
schools secondary schools um uh and
you’re educating people and you know
there stores opening you know maybe a
movie theater in town and uh um you know
you built a community from zero from
scratch and I’ve done it myself a number
of times you know where we have you know
5,000 people living in a town that’s all
run or all rying part of me on this one
mind that didn’t exist 20 years ago and
now it’s a busting community and we are
the guys that built it from scratch and
we’re supplying all the revenue for that
community and it’s pretty exciting
that’s why I do mining because I love it
and and and this builds a long-term
wealth right because these kids that
we’re bringing up that were putting
through school you know go on to
University and learn other education and
they they build they build wealth uh
among their governments or among among
their communities in a bold move to
seize control of the silver supply chain
Keith newm recounts the Inception of of
his own minting operation frustrated by
delays and inefficiencies in third-party
mints Keefe embarked on a mission to
streamline production and capture
premium values with a dedicated team and
state-of-the-art Equipment his mint
promises to revolutionize the silver
industry offering a diverse range of
products to cater to market demand
Keith’s vision for the future is one of
self-reliance and Innovation where
mining companies take charge of their
Destiny and unlock the full potential of
silver production the issue is that uh I
don’t want to sell silver wholesale yeah
um um you know the the whole purpose of
Us opening our own mint is to C capture
that that premium um you know we we ran
into an issue whereby you know we you
know we’re using you know I don’t want
to name mints you know you we all know
the mints that that are are there in the
United States and uh you know I’m not
sure if it was they they looked at us as
competition you know but we would have
have you know hundreds of thousands of
ounces of silver sitting on the floor of
these mints and we’ have you know orders
lined up to produce you know 100,000 1
ounce rounds uh you know 1,000 kilo bars
and and we we have orders in the system
you know we need these we need these
ounces delivered because we’ve got
orders for these ounces and uh they
would delay and delay and delay and uh
you know we would take them four to six
months to turn our ounces around so you
know our inventories were quite high
sitting on the floors of these third
party mints which is our silver uh which
we of course have to account for but um
nevertheless we just weren’t able to get
them out into the marketplace so um we
said screw this and uh we’re going to do
this ourselves and so I made the
decision about a year ago and we started
buying up the equipment and uh we we got
fantastic staff of uh mint professionals
that uh have worked for many of the
other minting companies that were able
to uh uh convinced to come across now we
put together a pretty fantastic
management team now we’re two weeks in
so after about a year of Construction
and building the team we’re now
producing we’re only going to produce
three products to start with now we’re
producing kilo bars 10 Z Bars and 5 oz
bars and uh yeah we expect to Triple our
sales in 2024 compared to 2023
[Music]

Holding Silver Will Be The Key To Retirement As Keith Neumeyer Predicts $1600 Silver Price

Join us for an eye-opening journey into the heart of the silver market as Keith Neumeyer, a seasoned expert in the mining industry, unveils the intricate dynamics shaping the precious metal landscape. In this captivating discussion, Keith delves into the historical events and market forces driving silver prices, shedding light on the role of banks and institutional investors in influencing spot prices. From the dramatic price run of 2011 to the depletion of above-ground silver supplies, Keith provides invaluable insights into the factors driving silver’s commercial market and its thin supply-demand dynamics. He highlights the challenges faced by mining companies in navigating regulatory hurdles and raising substantial capital for exploration and production.

Drawing from decades of experience, Keith paints a vivid picture of the arduous journey of bringing a silver mine into operation, emphasizing the immense risks and uncertainties involved. He shares anecdotes of building vibrant communities around mining operations, showcasing the transformative impact on local economies and livelihoods.

Share this video with your friend if you found it helpful! Consider subscribing to the channel for videos about investing, business, the stock market, managing money, building wealth, passive income, and other finance-related content!
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