Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

First Majestic Silver Corp T.AG

Alternate Symbol(s):  AG

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.


TSX:AG - Post by User

Comment by Crashcomingsoonon Feb 03, 2021 11:32pm
178 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. $2Trillion deficits as far as the eye can see.  And because the Fed has created a massive "everything" bubble, they will not be able to respond to the financial crisis resulting from the RE and stock market bubbles bursting without making things a lot worse (Ie their efforts will be counterproductive .. think about rising rates and a falling US$)
<< Previous
Bullboard Posts
Next >>