A Silver Exec's Top Advice on Precious Metals Investing

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 13 February 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're excited about this week's Stansberry Investor Hour show... Keith Neumeyer – the founder, president, and CEO of major Canadian mining company First Majestic Silver – shares what it takes to make a fortune in the industry.

As Keith explains, "The mining sector brings a huge amount of value to the human race" as many modern technologies rely on it, especially silver...

All the different technologies we started to adopt as a human race in the mid-'80s and beyond, I just put two and two together and I said, "Silver is the glue that holds everything together. Without silver, none of this is going to work."

Silver is crucial to modern society, and it can be highly rewarding... as long as you know what you're doing. Before signing off this week's podcast, Keith shares the top qualities novice investors should look for in a mining company. (Solid management is his top pick.) And he recommends not waiting too long to take profits or holding on for the elusive 10-bagger, saying...

These things will spike all of a sudden [...] The stock will go up 300%, 400%, 500%, which is fantastic. That's what the mining sector can do for you if your timing is right. But you have to be smart as an investor. If you're up 300%, you'd better be selling something. If you don't, you're an idiot. If you're up 500%, I would suggest you're out of the stock completely.

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Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the editor of
0:10.8	Extreme Value and The Ferris Report, both published by Stansberry Research. And I'm Corey McLaughlin,
0:16.6	editor of the Stansberry Daily Digest. Today, Dan interviews Keith Neumeier, president and CEO of
0:22.3	First Majestic Silver. And for today's rant, we'll talk about layoffs, more and more layoffs,
0:29.2	and we'll also talk about the insanity that has become Bed Bath and Beyond. And remember,
0:35.3	you can email us at Feedback at InvestorHour.com and tell us what's on your mind.
0:39.3	That and more right now on the Stansberry Investor Hour.
0:46.9	Okay, so a couple of shows ago, we did talk about some of the data that we got off of layoffs,
0:55.0	FYI.
1:03.6	And it's basically just like a tech route of layoffs, just tens of thousands of people.
1:06.3	I don't even know what the total is up to now. But at big companies, meta, Google, Amazon, everybody, just laying people off, Salesforce.com.
1:14.0	And that's not done, is it? It's still moving.
1:16.6	No, the latest one that I am looking at and just heard about was Yahoo, the old search engine giant from eons ago.
1:26.7	But they're laid off 20% of their workforce, which is
1:32.4	about 1,600 people, but still that 20% number gets you and kind of shows you, you know,
1:39.1	the impact that companies are dealing with.
1:41.8	Yeah, it does.
1:43.0	Have you, you're probably not addicted to Twitter the way I am, but like recently it's been really
1:50.4	buggy.
1:51.3	I mean, and of course, Elon Musk laid off like half the people.
1:55.0	And now finally, you know, it's starting to have these problems.
1:59.9	Like you go in every now and then
	...

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