Will Elon Musk buy a silver mine? Silver to $125 as EV companies drive demand - Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Speaking with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, he also discussed First Majestic's mining operations, its bullion sales, and how inflation is impacting the silver industry. Follow Keith Neumeyer on Twitter: @keith_neumeyer ( / keith_neumeyer ) Follow First Majestic Silver on Twitter: @FMSilverCorp ( / fmsilvercorp ) 0:00 - Automakers and mining 6:26 - Supply crunch in silver 8:10 - Elon Musk buying silver 10:30 - M&A activity 12:49 - Silver price in 2022 15:47 - Silver consortium 17:46 - Inflation 21:13 - Gold price forecast 23:50 - Silver price forecast 26:46 - Central banks and silver 28:30 - First Majestic Silver 37:58 - FMS Bullion 40:00 - Russia-Ukraine conflict #silver #tesla #gold
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