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First Majestic Silver Corp AG


Primary Symbol: T.AG

First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada. The San Dimas Silver/Gold Mine is located approximately 130 kilometers (km) northwest of Durango, Durango State, Mexico and consists of 71,868 hectares (ha) of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located 150 km northeast of the city of Hermosillo, Sonora, Mexico and controls mining concessions totaling 102,244 ha. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. La Encantada has 4,076 ha of mineral concessions and surface land ownership of 1,343 ha.


TSX:AG - Post by User

Comment by Heywood_Silverson Feb 11, 2021 3:29pm
141 Views
Post# 32543477

RE:RE:RE:RE:RE:RE:RE:This is why TA schools anyones Opinion/Ego

RE:RE:RE:RE:RE:RE:RE:This is why TA schools anyones Opinion/EgoIf a bullion dealer, in today's environment, is selling a silver eagle for $40 they would probably buy it off you for say $30.  You may think that spread is too high, but again if that is the price that the market bears it is what it is.  Like you, I obtained my investment hoarde years ago and don't worry about a few dollars here or there if it is just a few coins picked up as collectibles for hobby purposes.

True, the cabal hasn't been taken down in the 50 years that the US has been fully off the gold standard, but who is to say that the FED and the absence of a gold standard are permanent?  You do realize that for the majority of our nation's history we have been on a gold standard.   believe we will eventually be going back to our roots....

Now that I have answered your question, riddle me this:  what do you think the price of silver would be (or gold if you like) if we were to go back on a gold standard?  I am certain it would be much higher than $50 an ounce that has been historical resistance on the COMEX.
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