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First Majestic Silver Corp T.AG

Alternate Symbol(s):  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 Crashcomingsoonon Feb 03, 2021 11:32pm
170 Views
Post# 32467350

RE:$ 2 TRILLION freshly printed U.S. greenbacks.....

RE:$ 2 TRILLION freshly printed U.S. greenbacks.....Absolutely.  The debt at all levels (local, state, federal government, corporate, and household) is at record levels.  Chicago alone has a $1Billion defict.  The ever increasing debt is the primary reason to buy the PMs.  At some point I expect interest rates to increase due to the need to be compensated for the risk of holding US Treasuries and at some point the debt becomes a debt spiral.  I'm expecting the national debt to reach $40Trillion by 2026 if not sooner. $2Trillion deficits as far as the eye can see.  And because the Fed has created a massive "everything" bubble, they will not be able to respond to the financial crisis resulting from the RE and stock market bubbles bursting without making things a lot worse (Ie their efforts will be counterproductive .. think about rising rates and a falling US$)
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