The World’s Purest Silver Producer Just Made A Stunning Forecast: Gold Could Go To $8000 Per Ounce, Silver To $200
Mac Slavo
August 14th, 2016
SHTFplan.com
As stock markets around the world crashed in early January of this year amid panic selling, investors seeking safety began allocating their portfolios towards precious metals assets. While prices in almost every other asset class dropped precipitously, physical gold and silver, as well as the publicly traded companies that mine them, exploded to the upside. It was exactly the confirmation those on the sidelines had been looking for, as it proved that in the heat of crisis and confusion, money would flow to historical safe haven assets of last resort.
At the time, Keith Neumeyer, the CEO of the world’s top primary silver producer boldly predicted that silver would rise to $20 by the end of the year, which would mean a 40% rise. Neumeyer’s prediction came to pass in half the time and along with it came a 600% increase in the price of shares for his company First Majestic Silver, further confirming his assessment that investing in precious metals producers is a powerful way to leverage rising prices in the physical metals.
Now Neumeyer, who is also the Chairman of gold-focused mineral bank First Mining Finance (which has seen a 220% increase this year), has another bold prediction. With his insider understanding of the resource market and close relationships with many in the industry, Neumeyer says we should prepare ourselves for gold to rise to a possible high of $8,000 per ounce, which would mean at least at least $200 for silver, with the potential to go significantly higher. Even Neumeyer himself notes in an interview with Future Money Trends that some who hear his latest forecast may consider it “far-fetched.” But make no mistake, the supply fundamentals, increased demand from the tech industry, and the generally panicked investment environment around the world, suggest Neumeyer is once again right on target.
We’re starting to see some new buyers come into this market… We’re seeing some very, very high net worth people come into gold… some huge institutions that didn’t even touch the metal before are now advocating that you have to own gold… I listen daily now to new people getting on to the gold story… I think that’s going to change the demand dynamics of the metal going forward.
We got down to a level of $1050 [in December of 2015]. If we have the same type of move that we did before [in 2011] from $250 to $1900, that’s going to give us $8,000 gold… what does that give you for silver? That’s a couple hundred dollars or even more. It’s hard to imagine silver prices at those kind of numbers but it’s not far-fetched to believe that can happen.
The Rest…HERE
