{"id":16000,"date":"2016-01-04T21:46:27","date_gmt":"2016-01-05T02:46:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16000"},"modified":"2016-01-04T21:46:47","modified_gmt":"2016-01-05T02:46:47","slug":"insider-very-sophisticated-high-net-worth-investors-are-buying-up-physical-precious-metals","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16000","title":{"rendered":"Insider: \u201cVery Sophisticated High Net Worth Investors Are Buying Up Physical Precious Metals\u201d"},"content":{"rendered":"

Insider: \u201cVery Sophisticated High Net Worth Investors Are Buying Up Physical Precious Metals\u201d<\/a><\/h3>\n
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According to the CEO\u00a0of one of the world\u2019s top\u00a0primary producers of silver, looming precious metals shortages could drive the price of gold to $5000 and silver to\u00a0$100 over the next three to five years. Keith Neumeyer, who oversees First Majestic Silver and is also the Chairman\u00a0of mineral bank\u00a0First Mining Finance<\/a>, says that with commodity prices in capitulation\u00a0mining 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\u00a0in precious metals prices.<\/p>\n

And Neumeyer isn\u2019t the only one who sees the trend developing. Well known investment billionaires like George Soros\u00a0and\u00a0Carl Icahn\u00a0are rushing into gold<\/a>. Soros is so convinced that a paradigm shift is in the works that after warning of financial\u00a0collapse and violent riots<\/a>\u00a0in America he sold his holdings in major U.S. banks and allocated more of his portfolio into gold mining firms.<\/p>\n

And here\u2019s a little known secret Neumeyer shares in an\u00a0interview with SGT Report<\/a>\u00a0\u2013\u00a0high net worth individuals aren\u2019t just buying paper<\/strong>. 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\u00a0sophisticated market players:<\/p>\n

I\u2019m seeing the numbers coming out of the the Canadian Mint, Australian Mint and the U.S. Mint\u2026 the numbers are quite high for silver coins and to a lesser degree gold coins\u2026 I think, personally, that\u00a0the commercials are buying them\u2026 I think that very sophisticated high net worth investors at banks and institutions are buying them.<\/strong><\/p><\/blockquote>\n