Post by
mattbigham on May 02, 2022 1:07am
As Neumeyer so correctly stated
"Silver trades in the paper markets a billion oz a day.The miners produce 800 million oz a year.
The leverage is just nuts.
Why do we have to follow the Comex paper price of metal to price our physical metal?
The five top corporations on the planet wouldn't exist without the metals miners.
The high tech companies are going to end up owning the mining companies-they need these metals.
I'm frustrated and I am not going to sell any more physical silver.(First Majestic is not selling bullion any longer).
I'm not going to add to the supply of metal and let these banks continue with these crooked games
that they constantly play in this marketplace.
They can just put a lid on the market and print an unlimited amount of paper that they want.
You and I can't do that.
The banks that trade these markets are exempt. They can do whatever they wish.
They put a lid on the silver price and then they drive it down after that".
Keith Neumeyer First Majestic Silver