Uploaded January 2022 | Updated September 2026, 6 hours ago
Filmed in January 2022
Join BullionStar's Ronan Manly in conversation with Keith Neumeyer, President, CEO and founder of First Majestic Silver Corp.
First Majestic is one of the world’s largest primary silver producers, with extensive production silver and gold mines in Mexico and Nevada.
In this fascinating discussion, Keith explains everything from the supply-demand deficit in the physical silver market, to why the current price discovery structure of precious metals prices needs replacing.
Keith also discusses the growth and evolution of First Majestic, and the company’s plans for 2022 and beyond, and gives his view on silver and gold prices in the year ahead.
00:00 Introduction
00:35 First Majestic – locations and recent developments
03:36 Diversifying jurisdictions and diversifying metal resources
07:01 Differing perspectives of primary vs secondary silver producers
08:39 The physical deficit and paper trading
11:38 Paper manipulations and flawed price discovery
14:27 A different pricing mechanism – taking the banks out of the system
16:07 What would a physical price discovery market look like?
19:22 Silver Institute / World Gold Council ignore price discovery
21:56 Why was the CFTC and Wall Street so terrified of the Silver Squeeze?
25:19 Is silver the Achilles Heel of Wall Street?
26:23 Strategic stockpiles of silver - Russia, China, India?
28:20 Inflation-adjusted prices & the Gold/Silver Production Ratio
30:10 Silver Majestic’s online physical bullion store
32:17 First Majestic shareholders - Eric Sprott and Van Eck
34:53 Silver and Gold Price predictions for 2022
37:27 First Mining Gold Corp
39:10 Future developments for First Majestic over 2022 - 2024
Filmed in January 2022
Join BullionStar's Ronan Manly in conversation with Keith Neumeyer, President, CEO and founder of First Majestic Silver Corp.
First Majestic is one of the world’s largest primary silver producers, with extensive production silver and gold mines in Mexico and Nevada.
In this fascinating discussion, Keith explains everything from the supply-demand deficit in the physical silver market, to why the current price discovery structure of precious metals prices needs replacing.
Keith also discusses the growth and evolution of First Majestic, and the company’s plans for 2022 and beyond, and gives his view on silver and gold prices in the year ahead.
00:00 Introduction
00:35 First Majestic – locations and recent developments
03:36 Diversifying jurisdictions and diversifying metal resources
07:01 Differing perspectives of primary vs secondary silver producers
08:39 The physical deficit and paper trading
11:38 Paper manipulations and flawed price discovery
14:27 A different pricing mechanism – taking the banks out of the system
16:07 What would a physical price discovery market look like?
19:22 Silver Institute / World Gold Council ignore price discovery
21:56 Why was the CFTC and Wall Street so terrified of the Silver Squeeze?
25:19 Is silver the Achilles Heel of Wall Street?
26:23 Strategic stockpiles of silver - Russia, China, India?
28:20 Inflation-adjusted prices & the Gold/Silver Production Ratio
30:10 Silver Majestic’s online physical bullion store
32:17 First Majestic shareholders - Eric Sprott and Van Eck
34:53 Silver and Gold Price predictions for 2022
37:27 First Mining Gold Corp
39:10 Future developments for First Majestic over 2022 - 2024
