Gold Standard Not The Issue, Human Beings Are...

David Morgan - Gold Standard Not The Issue, Human Beings Are.

Smart Wealth Radio - David Morgan

5 MILLION OZ Investment Silver BACKLOG

With gold and silver hammered again Friday and gold briefly breaking below $1100, Silver Expert David Morgan joined the show, discussing:

1. 5 MILLION oz Retail Silver BACKLOG
Morgan Breaks Down Physical Market: Shortage in the Wholesale Market, or Just in Retail?
2. At What Point Does the Retail Market Put Stress on the 1000 oz Bar Market?
3. Funds Attempting to Trigger $1070 Stops, Send Gold Towards 3 Figures
4. Closer to the Edge of the Cliff- "At Some Point, Something's Going to Give!"
5. Shemitah Week is HERE: Is the BIG ONE on the doorstep? Eric and David weigh in

- Source

Silver Update Plus Debt at the Center of the Black Hole of Our Problems

David Morgan provides a silver market update, plus the main problem America and the world has is what Morgan calls “the debt bomb.” He says the debt is at the center of the black hole of our problems. Morgan explains, “We are reaching a limit. All systems reach a limit. No tree grows to the sky.”

In March, Morgan predicted September as a time of increasing turmoil in financial markets and thinks it’s downhill from here. On the continuing turmoil, Morgan says, “It will be ebb and flow, but the trend is increasing, increasing and increasing. It will, unfortunately, in my strong opinion, it will get worse before it gets better.”

- Source

The Current Gold to 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."

- Source, Silver Seek