David Morgan: US Consumers Are Tapped Out

Look around you... 

U.S. Consumers Are Tapped Out. Watch our weekly perspective to see why U.S. Consumers Are Tapped Out. 

The Great Depression fundamentally changed attitudes about spending and saving. So did the Great Recession of 2008. 

But has that stopped us from spending like there is no tomorrow? In short... no! 

Fast forward to today and consumers are still shopping with money they didn’t have.

- Source, Silver Doctors

David Morgan was the first member to ever use AGX Pay

LODE ambassador David Morgan was the first member to ever use the AGX Pay mobile app being the first person to buy a coffee with newly minted AGX coins generated on the Syscoin Blockchain at the Anarchapulco show. This was the “bitcoin for pizza” moment in the history of the LODE project.

David Morgan: The Coming Energy Boom

David Morgan: 2019 Gold & Silver Price Forecasts

The top silver expert joins Silver Doctors and shares his forecast for precious metal prices in 2019. Gold broke through $1300 late January. “Gold’s got to lead silver.” 

Once we get above $1350 gold, silver will accelerate, he says. For 2019, Morgan expects gold will not get above $1450. 

He sees the gold/silver ratio falling to 74/1, putting silver up to $18 or $19. Morgan says some junior silver miners are great potential upside. 

He says there is an art to speculation and most people do not speculate correctly. He shares some pitfalls that people fall into when speculating on stocks. 

While gold is flat for the last five years in U.S. Dollars, gold is up in other currencies. 

Morgan sees a recession coming this year, while he sees the mainstream won’t acknowledge it until 2020.

- Source, Silver Doctors

David Morgan: Silver Juniors Will Provide Huge Leverage

David Morgan contrasts today’s market with that of the bull market of the 1970s. 

Back then the coinage had just separated from the silver standard to today’s fiat standard. People at that time understood this would lead to problems. 

However, few recognize this fact today. 

He says, “From a value investor perspective, you need to consider that on an inflation-adjusted basis; silver is cheaper than it has ever been.” This is due to the amount of money printing in the world today.

- Source, Palisade Radio