In this video, John Sneisen & I talk with David Morgan of The Morgan Report, also known as the Silver Guru.
David Morgan is one of the most knowledgeable people on the planet when it comes to silver as well as gold. He's written the book 'The Silver Manifesto' and does regular reporting on everything silver.
In this interview, David Morgan goes into how incredibly undervalued silver is, the silver/gold ratio, the manipulation of gold and silver markets by big banks and governments, why it concerns the establishment and the inevitable fall of the fiat centrally planned system.
He also explains why people should consider silver for their portfolio. We cannot forget that silver and gold have been history's greatest monies.
With gold recently breaking its 7 year bear trend, it's recently seen one of the biggest rallies in 7 years. Silver shows even more potential considering historical charts. There's something happening. Could it be the monetary revolution we've been talking about for so long?
The fiat system always comes crashing down and this time won't be any different. The banks have attempted to suppress the price of gold and silver and they can't seem to manage it much longer. As a wealth insurance, silver and gold are set to take off in 2018 (though the banks may have a few other plans up their sleeves, we simply don't know yet) and while people pull out of the bond markets, the fiat system, the centralized systems in general, they're flocking to gold, silver, palladium, cryptocurrencies like Bitcoin, EOS, etc.
David Morgan also breaks down why he does what he does. According to him, he envisioned his daughter when she was a baby all grown up asking him why if he knew so much about the monetary system, he didn't do anything about it. That has propelled David to be a powerful voice for free markets and sound money. Again, it all comes down to being the change we wish to see in the world.
We appreciate David's time!
See the FULL video interview here:
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Silver will have it's day but I don't mind the price staying below the cost of production for a long time to come. They say bear markets are the author of bull markets and with silver being low for so long, and with so many mine closures when that day comes it will be epic! I will just keep on stacking for retirement. Silver is on sale load up
If anybody analysed the trading of silver or gold in last decade or more....what you could see, was mass sell of gold/silver when its price started to rise just a little bit, so the price started to plunge again. No one could be so stupid, to buy and sell at the wrong time - for decades. That was only a job of wall street, to keep prices low.
Central banks especially China & Russia been buying gold like there's no tomorrow. Given time and they may well succeed with their objective of weakening the power of the US Federal Reserve Bank
I think we all want to see this to happen
Whenever somebody mentions the silver market I immediate think of the late Nelson Bunker Hunt - who at the end of trying to corner the market and failing spectacularly said 'a billion dollars isn't worth what it used to be' That was in the 80's!!
Wikipedia - Beginning in the early 1970s, Hunt and his brothers William Herbert and Lamar began accumulating large amounts of silver. By 1979, they had nearly cornered the global market.[8] In the last nine months of 1979, the brothers profited by an estimated $2 billion to $4 billion in silver speculation, with estimated silver holdings of 100 million troy ounces (3,100,000 kg).[9]
Primarily because of the Hunt brothers' accumulation of the precious metal, prices of silver futures contracts and silver bullion rose from $11 an ounce in September 1979 to $50 an ounce in January 1980. Silver prices ultimately collapsed to below $11 an ounce two months later.[10] The largest single day drop in the price of silver occurred on "Silver Thursday."[2] In February 1985 the Hunt brothers were charged "with manipulating and attempting to manipulate the prices of silver futures contracts and silver bullion during 1979 and 1980" by the United States Commodity Futures Trading Commission.[2]
In September 1988 the Hunt brothers filed for bankruptcy under Chapter 11 of the Federal Bankruptcy Code largely due to lawsuits incurred as a result of their silver speculation.[2]
In 1989, in a settlement with the CFTC, Nelson Bunker Hunt was fined US$10 million and banned from trading in the commodity markets as a result of civil charges of conspiring to manipulate the silver market.[2] This fine was in addition to a multimillion-dollar settlement to pay back taxes, fines and interest to the Internal Revenue Service for the same period. His brother made a similar settlement.[2]
When silver hit 47 (or was it 49) I said to myself, lets wait on correction, there has to be pull back! This move is too crazy. And pull back come and it was strong. Very soon silver was at 36, where I bought some. Little I know, that was not the end of it. I added at around 30, somewhere around 25-26, just bellow 20 and last time was bellow 16.
I'm waiting for a very long time and can't wait to finally see some better days. So I hope he is correct, I'm getting tired of waiting lol
I saw David Morgan in an interview many years ago. He’s the reason why I started to research the world monetary system! I may never have gotten into precious metals or cryptocurrencies if it wasn’t for David Morgan!
Ive heard this from multiple pwople on line before. It was Jim Rickards who madw me think about money. Both have probably created great positive karma.
It’s always good to think outside of the box!
You are doing a great job of pushing diversity among investments. Physical metals are dirt cheap right now & should be a part of every crypto lovers portfolio. Can’t wait to see the video a year from now talking about silver 📈
Thanks for sharing. The way I see it silver is cheap right now. Has a ton of uses. And as long as we keep becoming more technology oriented we will use more. There is only so much of the stuff on the earth. That's why I buy silver
I always encourage people to invest in silver, but to invest it with the intention of leaving it to their children when they die. Then if the price stays suppressed, no big deal. If it finally breaks out... that is a big deal!