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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 ShatnersRugon Jun 29, 2021 4:37pm
305 Views
Post# 33467802

RE:RE:RE:Why did silver go to 50 in 1980

RE:RE:RE:Why did silver go to 50 in 1980The Russians are quietly playing this hand the best of all the industrial worlds.
Their debt-to-GDP ratio is among the lowest in the G20 AND they have quite a large gold reserve. Even China's debt-to-GDP is getting up there. At its highest in history and rising....

On a personal level, yeah it's one thing to have bars/coins of silver and gold, but they're not friendly for everyday transactions. You can't buy a loaf of break with a 100oz silver bar (Think about the change!). The way to stay ahead of this 'reset' is to play the game, such that it is. Amass as much fiat currency as you can as fast as you can, and buy stuff with it. Land is great. Art, collectibles, cars.... a boat! You can use all this stuff and have fun with it. You CAN be a doomsday prepper and pull off the "I'm a regular guy just like you" routine.

Then again, having phizz gold and silver is a great way to protect your wealth and rebuild if there ever is an economic armageddon. However, if Ragnarok does befall us, rebuilding your portfolio will be the least of your worries.
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