Insider: “Very Sophisticated High Net Worth Investors Are Buying Up Physical Precious Metals”
Mac Slavo
January 3rd, 2016
SHTFplan.com
According to the CEO of one of the world’s top primary producers of silver, looming precious metals shortages could drive the price of gold to $5000 and silver to $100 over the next three to five years. Keith Neumeyer, who oversees First Majestic Silver and is also the Chairman of mineral bank First Mining Finance, says that with commodity prices in capitulation mining companies around the world are either reducing operations or outright shutting down, the consequence of which will be a supply crunch across the industry and a resurgence in precious metals prices.
And Neumeyer isn’t the only one who sees the trend developing. Well known investment billionaires like George Soros and Carl Icahn are rushing into gold. Soros is so convinced that a paradigm shift is in the works that after warning of financial collapse and violent riots in America he sold his holdings in major U.S. banks and allocated more of his portfolio into gold mining firms.
And here’s a little known secret Neumeyer shares in an interview with SGT Report – high net worth individuals aren’t just buying paper. Neumeyer says that the coin shortages being reported by national mints around the world are the result of direct buying of physical gold and silver from sophisticated market players:
I’m seeing the numbers coming out of the the Canadian Mint, Australian Mint and the U.S. Mint… the numbers are quite high for silver coins and to a lesser degree gold coins… I think, personally, that the commercials are buying them… I think that very sophisticated high net worth investors at banks and institutions are buying them.
The Rest…HERE
