Special Guest David Morgan: Seduced by silver at the tender age of
11, David Morgan started investing in the stock market while still a
teenager. A precious metals aficionado armed with degrees in finance and
economics as well as engineering, he created the Silver-Investor.com website
and originated The Morgan Report, a monthly that covers economic news,
overall financial health of the global economy, currency problems ahead and
reasons for investing in precious metals.
David considers himself a big-picture macroeconomist whose main job as
education -- educating people about honest money and the benefits of a sound
financial system -- and his second job as teaching people to be patient and
have conviction in their investment holdings. A dynamic, much-in-demand
speaker all over the globe, David's educational mission also makes him a
prolific author having penned "Get the Skinny on Silver Investing"
available as an e-book or through Amazon.com. As publisher of The Morgan
Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been
interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and
numerous other publications. Additionally, he provides the public a
tremendous amount of information by radio and writes often in the public
domain.
Published 07-17-15
A 32 Minute Video
An Aeronautical Engineer by training, David brings these analytic skills
to his analysis of financial and commodities markets. He believes the
inability of the majority of people to properly understand the significance
of mathematical science such as the exponential curve is one such important
example. A "hockey stick" of debt growth is simply and
fundamentally unsustainable!
Financial Repression
Keeping interest rates low is central to debt ridden governments
surviving. According to David Morgan the government must keep rates low as
long as possible but believes a reset of some sore is inevitable. David sees
the mechanics and policies of keep rates repressed as fundamentally defining
Financial Repression.
Financial Repression is like a big coffee press, pressing everything
down and has suppressed the ability for us to have a free market and thereby
enjoy the fruits of our intellect, labor, creativity and purpose as
humans."
Potential Rising Interest Rates
Many believe that rising interest rates will hurt gold. David fully
expects the Fed to increase rates but sees it as being nothing more that
"showmanship". David suggests that:
"his experience shows that it is when REAL RATES get positive that
you COULD see gold impacted from an increase in interest rates"
"What you really need to know is what are the real rates versus
nominal rates which you see iin the newspapers."
Gold/Silver Ratio
The current gold-silver ratio implies to David Morgan is that silver is
presently undervalued relative to gold.
According to Morgan the Gold-Silver Ratio is telling us something else
that is important.
"If you have a real economy with sound money you get a deflationary
trend. This means your money is worth more over time. It is beneficial to
almost everybody. Silver is the best inflation edge and not the best
deflation hedge. Gold is the best deflation hedge. Silver anticipated this
huge inflationary environment back when QE2 was announced and moved from
$26/OZ to $48/OZ. What happened was all that anticipated inflation didn't get
into the market place because all the increased debt only resulted in
re-liquifying the banks. They forced the money into the banking system and
not out into the public sector."
David believes silver is currently a better buy than gold. He still
believes silver will outperform gold.
"We are not out of the woods. There is a place for precious metals
in your portfolio. 20% for "metal bugs" and 10% for the average
public."
There is much, much more in this 32 minute interview with this well
respected precious metals and silver expert.
