“The Cartel Has Completely Devastated The Metals Market… Causing Serious Problems In Other Minerals Outside Of Precious Metals”

With the world seemingly in economic and geo-political shambles, those concerned with the real possibility of collapse continue to position themselves in precious metals. As highlighted by SGT Report in the five-minute metals update below, physical acquisition of gold and silver continues unabated, with Silver Eagles once again hitting month-over-month sales records in July. Moreover, the supply of gold appears to be dwindling. Coupled with heavy investment demand, this suggests that prices may soon jump to the upside as investors continue to shift into the asset class of last resort and larger gold and silver mining companies move to lock in physical assets through junior mining acquisitions.

But gold and silver aren’t the only metals that are seeing demand outpace supply. As noted by First Majestic Silver CEO Keith Neumeyer, the attack on precious metals has led to serious problems with the supply of other metals, as well. Zinc, which is used for everything from power generation to automobile manufacturing, is one of the world’s most essential production metals. With continued mine closures and increased supply issues Neumeyer, who is also the largest shareholder in mining company Zinc One Resources which currently sits on one of the highest grade zinc assets in the world, says that there hasn’t been a single major zinc deposit discovery anywhere on the planet since 1990. This has resulted in a huge gap between global zinc supply and demand, suggesting that prices could rise dramatically.

There is a huge shortage right now in the Zinc market… Because of the low silver prices… the manipulated low silver price… has made zinc mines also uneconomical… the cartel has completely devastated the metals market to the point where it’s causing serious problems in other minerals outside of precious metals… zinc is the fourth used metal on earth… 

Watch this essential Five Minute Metals Update from SGT Report:

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Author: Mac Slavo
Views: Read by 72 people
Date: July 23rd, 2017
Website: www.SHTFplan.com

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