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Silver Bug Profile: Keith Neumeyer

JP Buntinx
June 25, 2020

Coming across financial experts who are bullish on silver has become a lot more straightforward recently. One of the Uber bulls is Keith Neumeyer, as he expects silver to hit $130 per ounce at some point.

The Career of Keith Neumeyer

People familiar with the financial sector may have heard Keith’s name before. He is the founder of First Majestic Silver Corp and First Mining Gold Corp. Both companies have performed admirably since their inception, as their focus on precious metals has proven to be the right one.

Throughout his career, Neumeyer has been at the head of multiple other companies as well. This is not uncommon for silver or gold bugs, as they tend to be rather knowledgeable about a lot of different things.

Along every step of the way, Keith has always been involved in precious metals first and foremost, as those have a lot of potential now and in the future. 

A Closer Look at First Majestic Silver Corp

Initially founded in 2002, First Majestic Silver Corp has proven to be a very successful company. The Canadian firm operates in Mexico, where seven mines are under its control right now. All of these locations are home to silver mining operations.

Over the years, the company has begun selling its own bullion rounds and bars. Whereas competitors would do this via private mints, First Majestic does everything in house. It is a good way to keep costs down, and not having to rely on third parties. 

Production-wise, First Majestic has been very successful. Its production has been ramping up, primarily thanks to vast amounts of pure silver waiting to be mined. 

Keith Neumeyer on Silver

Given his position in the precious metals industry, it is only normal to see Keith share bullish price predictions. Back in 2017, his comments were rather remarkable, and somewhat off-base.

More specifically, Neumeyer indicates that silver would push to $130. A very interesting price target at the time. considering how surpassing $20 has been a real struggle. 

Even so, Keith indicated that there would be a new bull market for all precious metals in the next few years. So far, 2020 has proven that sentiment correct, although $130 remains a lofty silver price target. 

In the same interview, Keith talked about what would happen to the gold price moving forward. In his opinion, a push to $8,000 would not be unlikely by any means.

This is somewhat in line with recent predictions pointing at $3,000 and more. That is still far removed from $8,000, but the world has never gone through a COVID-19 pandemic either.

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