"I like to see some safe leverage, if there is such a thing. Whenever there’s leverage involved it means higher risk and that’s a fact. But I have learned over the thirty years I’ve been investing that the best risk-to-reward profile is actually in the top-tier, cash-rich, unhedged mining shares. As long as you invest for cash—in other words, buy the shares without margin—you’re pretty safe. Of course, prices go up and down, yet at times the investor receives equal leverage to a futures account, without the risk of a futures account."
David Morgan is the founder and creator of the Morgan Report, and often quoted as the most influential and knowledgeable person in the Silver Investment community. He is interviewed worldwide for his knowledge.
