Billionaire Eric Sprott: “This Decade Belongs To Silver”

Silver is the most popular and widely used form of money in human history. It has been the chosen form of monetary unit in the Greek, Roman, and Ottoman empires.

When this credit pyramid finally collapses, any form of tangible asset that has intrinsic value, like silver, will revalue itself, as opposed to national currencies, which are legal tender but have no lasting value.

Silver can gain 6%-10% in the coming months and close 2017 as high as $19.53 per ounce. It plays an important role in my personal asset allocation model as well.

The precious metals market is truly cyclical, and during the period between 2011-2016, the best strategy was to accumulate physical coins and bars while the price was smashed and manipulated downwards, because when buying insurance, cheaper is better.

But the massive gains will not occur by owning insurance – the serious money is with the mining shares, and during times where silver outperforms gold, the mining shares outperform both.

In the 1st half of 2016, we saw why the natural resource sector can change lives forever. Under-the-radar companies trading for cheap valuations soared, and the gains were ridiculously good.

It’s important to be prepared to take full advantage of this once more.

What 2016 proved to Wealth Research Group is that in the silver sector, there’s no reason to look for tiny and risky plays in order to make extraordinary returns – the key is looking for the purest silver miner.

It will offer the most leverage and safety.

When it comes to investing with a genuine silver miner, First Majestic Silver (NYSE: AG & TSX: FR) is the only legitimate company that earns more than 60% of its revenue from mining silver.

The real reason why you want to take a close look at it right now is because it is cheap, they’re advancing a brand new mine (the 7th one), and our numbers suggest that the immediate and long-term potential are both enormous for First Majestic Silver (NYSE: AG & TSX: FR).

It’s so well-managed that even the central bank of Switzerland bought a massive position in 2016.

I’ve spoken to Founder and CEO Mr. Keith Neumeyer many times, both on the air and off the air, and I can tell you he is second to none.

Keith has made millions for shareholders of the two billion-dollar companies he has founded, and he will most likely have a 3rd billion-dollar company soon with his newest venture.

Therefore, when it comes to investing in this very risky industry, which is known to drop 50%-60% in months and gain 100%-500% in months as well, the main prerequisites for success are:

  1. Wait, wait, and wait for shares to be cheap: Keith Neumeyer’s company is incredibly undervalued – consider that it traded for over $20 just one year ago!

Then realize that there are very few companies that grow as quickly and healthily as First Majestic does.

  1. Stick with the best: Most mining companies are terrible speculations and never earn a single dollar. Keith Neumeyer has built 2 billion-dollar companies, is probably a few months away from having his Mineral Bank become another billion-dollar business, is a sizable investor in zinc companies, and is now invested in a blockchain company.

He’s worth tens of millions of dollars, but the main reason why he is my top go-to guy is that HE HAS NEVER SOLD A SINGLE SHARE!

He’s held from 2002 until today, and that reminds me of the conviction level and confidence of Warren Buffett. He is married to his companies and will make you a fortune in a bull market.

JP Morgan started to acquire physical silver in April 2011 as the end game to their short-selling scam, but there was no course of action the bank could take until they had such a large physical position that no buyer could unravel their naked shorts.

This year, JP Morgan has taken delivery of more than 6,000 net silver futures contracts, all in its own proprietary trading account. Deutsche Bank had agreed to settle allegations that it had rigged the silver market in exchange for $38 million.

Deutsche Bank documents show, among other things, how two UBS traders communicated directly with two Deutsche Bank traders and discussed ways to rig the market.

When the rigging ceases, I see silver heading towards the $40s and $50s, in no doubt, and First Majestic Silver (NYSE: AG & TSX: FR) will be the biggest winner of all!

When the rigging ceases, I see silver heading towards the $40s and $50s, in no doubt, and First Majestic Silver (NYSE: AG & TSX: FR) will be the biggest winner of all!

Click HERE for the company’s official presentation.

Get updates on First Majestic Silver and more Wealth Building Ideas for the new economy.


Disclaimer

This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. Gold Standard Media, owned by the same people as Wealth Research Group LLC, has been compensated by First Majestic Silver eighty seven thousand dollars for a three week online marketing campaign.

Please read our full disclaimer at WealthResearchGroup.com/disclaimer