Russia Gold Update / First Majestic Silver Update

Russia Gold Update / First Majestic Silver Update by Rory for The Daily Coin

As we have reported for the past several years Russia has been accumulating physical gold and Keith Neumeyer, CEO of First Majestic, has been making great decisions at the exact right moment regarding his mining operations. These two topics converged today in the media. Below is a recap of the articles along with my commentary about both situations.

Russia has been ripping up their debt and exchanging it for physical gold. So much, in fact, they are now set for any type of financial crisis that may hit the global economy and Russia would be sitting on enough physical gold to hold on for approximately 3-5 years. What other nation can say that?

First Majestic has mothballed a couple of their zinc and copper mines to focus specifically on their high profit silver mines for 2020 and probably into 2021. Keith has been ahead of the curve for many years and we don’t any reason why he isn’t for this move. If the global economy is slowing why not shutter base metal mines? Why not upgrade the technology and producing even more silver? Well, that’s exactly what he is doing.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.