Saturday, October 3, 2009

Silver as Money? Give Me a Break!

Tom Jeffries of Interviews David Morgan of

"No one likes to be a prophet of doom, but silver is the money of last resort, and I still believe that."

"I’m very, very biased toward silver being not only a monetary metal but also probably the most high-tech industrial metal required for today’s world."

"iShares has almost 300 million, which means they have three-fifths, or 60 percent, of the world’s silver supply sitting in their bank more or less."

The Full interview can be read here.