The significance of the shift taking place on a geo-political basis to unseat the U.S. dollar as the world's reserve currency cannot be understated. It is, by all means, a complete upending of the financial and economic systems as we have come to know them. According to Keith Neumeyer, the Chairman of First Mining Finance and Chief Executive Officer of First Majestic Silver, the world's purest silver producing mining company, the move is already taking place with countries like China, Russia, Venezuela and Iran already beginning to trade commodities with Yuan, Rubles and gold.

Amid a recent announcement about developments in the gold and silver mining industry discussed in the following interview with SGT Report, Neumeyer, who previously called out, in very public fashion, the manipulation of precious metals by a small concentration of market players, says that the global currency wars currently playing out on the monetary battlefield will lead to significant price increases in the world's most trusted hard assets of last resort.

We're seeing Chinese and Russians trading in gold for oil… there's a real move on a worldwide basis… There is a break coming…

It has to… It's just time… The United States is a very powerful country… it has a very powerful military and they want to keep the system that's in place because a lot of people have made a lot of money in the current system…

I think as the world develops and gets off oil, I think that's going to help facilitate a break from the Petrodollar system…  and everything that's going on in the world is very supportive of much, much higher gold prices… I do contend that silver is going to far exceed the move in gold.