Keith is a true hero together with Eric Sprott re not being afraid to discuss the manipulation he stands head and shoulder above a lot of others who choose to ignore this matter. Silver is becoming a very precious metal, re the lack of supply. I truly believe that the price on this metal will break to the upside. People are becoming educated to the massive money printing which erodes the value of fiat currency. Zero interest rates, an overblown stock market, where else can you invest other than gold and silver. Property is heading for a massive correction. IMO. Thank you Daniele. Your new shows are superb. Good move!
@@harryheart6018 enormously more of a gamble. There will be winners, provided they get to safety, and there will be loads of bag holders. Its no coincidence that virtual currencies are a fad during this time period.
@@well.thy.one. . Ok. If its a fad, then it's a fad that will make you a lot of money over the next year or so. It's out performing everything else this year. Now pay pal with its 300 million customers is adopting cryptos early next year.
I’ve done pretty well in the bitcoin game. It’s only 1-2% of my portfolio so I don’t lose sleep over it but I have had great gains so far 🤷🏻♂️. Nothing beats physical gold though!
Daniella is a top notch interviewer. Unlike a lot of people in this field she asks great questions and then gives the person time to answer fully. A lot of interviewers could learn from her.
Yes couldn’t agree more. So many comments here about Keith which are all quite valid but Daniella is a fantastic pleasant intelligent interviewer and Kitco’s loss they should have paid her whatever she asked for.
meh. she asks the same question over and over regarding manipulation even though Keith already answered numerous times. I don't understand why she does this rather than digging deeper on certain issues (ie JP Morgan) and finding solutions. Just to show she hasn't done extensive research on her end, and kept things generic. Quite disappointed.
The fines on JPM are chump change to them. They have to sit back and laugh. Send one of these clowns to prison and things might change. Until then, nothing changes. I just look at my metals as insurance and look at Bankers as criminals. I sleep better.
They're laughing indeed manipulating the market. Millions probably bought silver at $40-$50 dollars and JPM decided to drop the price and destroy the silver markets. This is a big offense in any moral society. But looks like our country is runned by crooks and criminals and they're going to get away with it because 99% of the population are sheep and cattle.
@@followthewhiterabbit8561 I believe 90% of the masses are clueless to how they are manipulated and used today. I have always said, "Hell has a special place for Bankers."
You invest in Gold and Silver because it is the moral and righteous thing to do. Yes, it will save your purchasing power and may even make you money as well. END THE FED.
F D - what is your source? I never saw that in the Bible.... Ezekiel 7:18-19 King James Version (KJV) 18 They shall also gird themselves with sackcloth, and horror shall cover them; and shame shall be upon all faces, and baldness upon all their heads. 19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
Keith glanced away and swallowed hard when he said "They learned their lesson." What they learned was they could manipulate the market and make $25 Billion or more and get off with a $1 Billion fine and no jail.
@@renegado100 - So let us get this straight...1st Majestic is under investigation for NOT paying taxes to the same Federal Reserve Board Members (JPM) that are MANIPULATING the silver prices? Talk about getting it in both ends, sheesh!
@@kevinw9073 I was talking about what is the benefit of saving with silver, I can't afford gold, so I tried to explain it in simple terms. Being British I used GB Pounds to illustrate my point. I am a PENSIONER so my income is limited, but that is not where I am going with this. When I got my first car I would put £1 worth of fuel in my tank, and that would see me for the week. Of course this is long before OPEC. So petrol was cheap. Today £1 would buy one fifth of a litre. One ounce of silver will fill my small cars fuel tank. I can not say how much one ounce of silver compared to the pound in those times, but there was still silver coins in circulation at that time. Bullion preserves your purchasing power.
sorry but if you cant see silver going up in price (investment) over the next 10 years you're delusional, so it's (both) an investment and potential insurance
@@Andreabay90 I don't disagree, but I said "in these times" inferring that the current situation will eventually change. Will silver increase in the next ten years? Absolutely. But for now, that is not my main concern.
In UK like USA we are told of a free market ,it's total b.s with the manipulation of anything of value . But at the end of the day money is there to be spent and in the words of the song make the world go round.
It used to not be this way. People used to be hard working, honest and knew the worth of a dollar. Nowadays, because of all the lying, cheating and stealing perpetuated by media and pop culture we are going in a downward spiral. You cannot get ahead in America without cheating people. Take for example car prices, college tuition and rising mortgages and dependence on Chinese goods. We will soon be more indebted than Japan.
Big Banks like that do not “learn their lesson”. Like narcissist sociopaths do not learn their lesson. They continue to take all they can from people until their ability to act is removed.
Keith is always my favorite silver interview. I live 14 miles from Tesla's gigafactory. He only speaks to fundamentals. Those alone will ride a wave for years. There is only so much. Demand will be tremendous. Once the true power of our economy comes back. Silver demand will skyrocket for years. Forget resets. It's about manufacturing supply and demand. Open your eyes and ears. We live in a tech demand world that requires silver, not gold.
And we gonna check the data, - in 10 years with a huge demand for a silver, - auto industry will consume only 2x of silver what's consuming now. And on average it is 40 million and now and will be 80 millions.
@@arishem555 Not quite sure what your saying. I do think auto will be much more than 2 times demand. And remember the dems are going to keep demanding more electric vehicles and solar. It's a great conductive metal. It will take several years to get new mines open, all the while demand is growing. Manufacturers who need it today, will pay whatever they have to. Silver $100 + in a very few years. If not sooner.
@@jimwebster7317 Jim, researching for a couple of the last day's information about silver. and in every single document, I found it says, that amount of silver needed for the auto-industry will double only. Not sure where is the ruth and where is the lie. Same time each source saying current 2.5million electric cars and will be 25% to 2030. And it's not adding up. And also cannot understand, how to sell silver back for an adequate price. It seems like only pawn shop will take it back for -10%.
I always enjoy interviews featuring Mr. Neumeyer. I appreciate his realistic viewpoint and I believe First Majestic will continue to do very well. I own stock in First Majestic and I buy silver from them monthly. Their 10 ounce silver medallion is a beautiful piece.
If silver is manipulated, which it probably is, but why do they pick silver? Why not copper, zinc, nickel, or a dozen other commodities? We all know oil is manipulated by conglomerates like OPEC? Why don't the manipulators just come forward and call themselves OSM (organization of silver manipulators)?
every tomahawk missile that blows up has 16 kilos of silver thats over 500 ounces of silver thats destroyed and never to be recovered again. Silver is a strategic metal to all governments, so the have the banskters manipulate it for them.
Switches, relays, circuit breakers, thermostats, heat sensors in stoves, microwaves, ovens, toasters, washer and dryers all have silver contact pads. That's a hell of a lot.
The only commodity with more uses is Oil. They use Silver to make yoga pants and socks antibacterial 🤯 Don’t think people are recycling yoga pants and hospital disinfect sprays for anything under $1,000 an ounce.
I bought Silver back in 2004 with a target of 300-330 that target is now much higher, $1000 is an easy baseline. In effect given the increase in money supply; silver has not moved yet. But it's starting and the next 10 years will save me from all the problems at our doorstep.
Why is palladium $2300 platinum $880. Gold 1910 silver $25?. Think about it a $1 1890 Morgan Silver dollar I just bought for $30. It is 2020 this coin shld be $100 based on devaluation of a dollar
Keith, I LOVE that you raised your bullion store price even though the paper market is stagnant. The physical market is drying up and I wish everyone would follow your lead!
Thats very poetic, but the fact is that if you've been stacking for 10 years now, you'd barely break even if you sold today. The manipulation to the down side hinders ones ability to protect against inflation whether you wanna define silver as an investment or as a savings account.
@@michalsavatar7 You are wrong! I HAVE been stacking for over ten years, and I am very much ahead. If I had left my purchase money in the bank I would have lost a ton of value, as the purchasing power of the dollar is degraded each and every day! My silver has preserved the purchasing power of the fiat dollars that I spent to acquire it (silver). I bought silver at 12 dollars an ounce, and I bought silver at 32 dollars an ounce. If you calculate the purchasing power of the dollar TODAY (less than two cents) I am so far ahead of the paper money I spent to acquire the metal, it is amazing.
@@Claimjumper55 A hundred years ago, the silver to gold ratio floated between 15-to-20 to one. Also, the vast majority of gold that has ever been mined still exists. Not so with silver. Silver gets wasted in old unrecycled electronics because 'they' manipulate the price ratio. That won't be happening forever. At some point miners will not be able to replenish the silver that is lost forever. To quote Gregory Mannarino: "Silver is the most undervalued asset on the face of the planet!"
@@glennw.4570 Right, and since it's so undervalued that makes it an incredible investment. I agree that it's also a way to preserve wealth long term but a lot of profit can be realized by buying it now. The last time I invested in silver was 2006 or 2007. I bought at $9 and sold it in 2011 at $27. That allowed me to pay my house off 20 years early. This time I'm buying a new home and some property.
I caught the last big run up into the high $40"s back around 2011with 1400 ounces., started getting out at about $41. Bought back in down around $15 but way less than before. I will always own some silver and gold but Bitcoin has been my main investment for several years.
BitCon will be destroyed when it becomes competition for the governments fake money. They will is the media to call it pedo & drug lord coin They will tax it 99% They will make illegal to cross boarders with it They will close exchanges They will ban stores from accepting it Janet Felon already started warning ⚠️ you before she was even sworn in or confirmed Several European countries and South Africa are already writing laws to make the governments digital the only one allowed
They have been doing it for over 10 years...and it is not the first time they have been caught...they did not stop last time they got caught...why would they stop now when the fine is less than the profits from the manipulation?
hey Daniela Cambone, just a note of thanks, I see the prep time you put into this interview. This interview cleared up many important questions for me. Thank you.
One of the best interviews I have Seen yet on this channel...Keith is sharp,well spoken and gives facts for his claims and to mention very humble man...keep stacking and God Bless🙏🏽
Silver has been undervalued for so long but as we speak the solar industry is growing so rapidly that every piece of commercial real estate as well as residential will be implementing it because there is so many advantages both environmentally and monetarily. On top of that every major vehicle manufacturer will be going majority electric if not completely in the coming decades. Just these two examples I mentioned are going to demand so much silver in the coming years that it's going to take a good bit of time for mining operations to catch up and acclamate to be able to produce an equivalent supply. I think we will see major volidity, most likely extremely dramatic while this is playing out. Then finally silver is going to become a more consistent commodity and the bottom is going to be a much higher number than we've seen except in a couple of instances in 1979' and 2011. Technological advances in industry is going to be the catalyst for silver to finally get it's balance and true value recognized👈 *Opinion*
@Hue Man that's an awesome first coin to have dude! This is a 79 1 Rand. I believe the 1 and 2 Rand's were replaced in 84 by what we now as a Krugerrand today but it's all confusing because the only difference is the person on the reverse side. I think the Krugerrands are better looking as far as both sides go but the 1 and 2 Rand's have a very cool history because not only are all the mintages low, supposedly many were melted down before they became a Republic. The one in my pic is a proof but they were made so well even experts have a hard time telling the difference between regs and proofs. They are actually still accepted as currency. Thanks for sharing. I could talk about coins forever 😂
@Hue Man silver is taking a hard dip as we speak so yea I'd scoop atleast one so you got a fresh one and the way it's sealed it's easy to look at but definitely not oxidizing and yes me too I want some more Rand's. If you go to Numista and look at how many they made each year it's surprising. Like the highest year is like in the 20 thousands so they are definitely a cool little coin. 3.66 grams of gold and the coin weighs 3.99 grams. I just like the mix of copper and gold south africa uses in their gold coins. It almost has a red tinge. Very cool
Keith, answer this question please, Why are the miners still selling to the comex when they can sell directly to the end industrial user and the physical investor instead of feeding the beast your own lunch ????
Daniela, you are so full of joy its bursting out of you. At times it appears as if you are trying to repress it for the sake of appearing professional, but can't. Its infectious, puts a smile on this viewers face, and if there were such a thing as smell-o-vision, then I'm sure it would be a much more pleasing scent than what most people I talk to are full of. That is until you change the twins' diapers.
3.50 over spot is too high. That's a 14% premium. Nobody would buy any other financial investment at that amount. Stick with 90% silver at your local coin shop. I bought some last wee at 2.27% over spot.
@@abuabdullah731 Local Coin Shop (LCS.) Do research first. Meet and talk to the owner. Mine will save coins/bullion for me after nine years of business..
I been paying 4 over spot at my lcs only cuz i dont have a bank card.😅. The highest i paid over spot is 5.50 . but ive gotten alot of deals where i got an ounce for free and 1.50 over spot
With the increasing amount of industry consumption and waste, with the struggle to recycle, silver is definitely becoming more rare. Some have said that with the Green New Deal, silver could end up being removed from the periodic table of elements
I think he meant current stocks (i.e. already mined, not still in the ground) are enough to satisfy a year's worth of expected consumption. It's not like gold which gets dug up and then re-buried in vaults without ever being used up. Compare it with the oil industry - what's pumped aims to roughly match demand cos it's harder to store than silver.
The wisest thing that should be on every wise individuals list is to invest in different stream of income that don't depend on the government to bring money especially now the pandemic is hitting economy pretty hard
Every day, our motor vehicles are becoming more and more computerized, and silver plays a vital role in their operation. Over 36 million ounces of silver are used annually in motor vehicles. For example, every electrical connection in a modern car is activated with silver coated contacts. Starting the engine, opening power windows, adjusting power seats, and closing a power trunk are all accomplished using a silver membrane switch.
IMHO - Next year prophecy - Regarding Silver. I go to the store. Maybe purchase some stuff. Go to the cashier. When tallied, I pass a silver ounce. The cashier answers "Do you want the change in LTC or BTC". You scan your wallet and go on your way. edit spelling
DANIELLA....I knew I would see your pretty face somewhere... well done .. I will keep in touch and continue watching....missed you on Kitco , it is NOT the same. xoxo
I think it’s risky, most of the demand is due to catalytic converters. Once the world goes more electric and less combustion.... there goes the demand.
Dont get me wrong, silver is awesome - so many segments where its used and needed. BUT, gold is the ONLY thing that doesnt decay either on land or in water. Logicaly its money for 5000+ years already.
Agreed. But it's also the point Keith was making, we WANT gold, we NEED silver. Silver has been money longer historically than gold. Many languages have silver as the root of their word for money
John Mastandrea in the Earths crust silver:gold is 15:1 currently mining output ratio is 8:1. We CONSUME silver which is what is the biggest factor making it rare. The price is currently too cheap to warrant all the processing to recover $5 silver in a cell phone or tv, or $2 in a keyboard, etc. So yes, it is becoming more rare as time and consumption goes on. Eventually there will be more demand than what new supply can fulfill and at that point we find find out the price required for stackers of silver to lighten their load
Forgive my question as a novice investor. If the prices are being manipulated, its because they are manipulating it for the sole purpose of making money. Why push down prices to make money? They can manipulate the price upwards as well, they can make money that way too.
@K. DV Bitcoin can be shorted. Yet that going to become a trillion dollar market, how come that's not manipulated, just Silver and Gold. Oh an he owns a Silver mine, not a Bitcoin mine
Doesn't matter if Silver is manipulated, Keith is so "Bruce Willis" look alike ... it is so refreshing to bring a "Hollywood Celebrity" to a serious financial show ... hahaha 😆😆😆
Love Keith✊. I am invested in First Majestic Silver✊. I believe that we'll see an explosion in this sector in about 10 years if not earlier🤞. I would be extremely shocked if they continued to manipulate successfully for an indefinite period of time past our lifetime. There are waves and cycles to everything in life. A lot of people are observing and smart money is slowly moving into this sector. I honestly believe that it's only a matter of time personally.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
