Wednesday, October 30, 2019

David Morgan: Gold Goes Digital, While Facebook Loses Backing


EBay, Stripe, Mastercard and Visa are all dropping out of Facebook’s libra cryptocurrency project, the companies announced Friday. 

The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans. 

Facebook has tried to mitigate lawmakers’ fears of libra in part by assuring them that Facebook would not have unilateral control of the currency. 

This should be no surprise, as history has shown, the government does not like competition.

- Source, David Morgan

Monday, October 21, 2019

Monday, September 30, 2019

David Morgan: Is This Gold and Silver Bull Market for Real?


David Morgan, widely followed strategic commodities analyst, known as “The Silver Guru,” and founder of the Morgan Report, returns to Reluctant Preppers to offer his studied opinion on the validity and nature of the recent breakout in gold & silver. 

Morgan also answers YOUR viewer questions on the gold & silver markets, gold vs. silver bullion, collectibles, platinum, energy, and preparedness!

Thursday, September 26, 2019

David Morgan: US Budget Deficit Passes $1 Trillion Mark for Fiscal 2019


The U.S. government posted a $200 billion budget deficit in August, bringing the fiscal year-to-date deficit past $1 trillion, according to data released on Thursday by the Treasury Department. 

What more do you need to understand that the American economy is teetering and headed toward a collapse that will be worse than the Great Depression?

- Source, David Morgan

Tuesday, September 17, 2019

David Morgan: Pension Funds Reel From Negative Yields


A once-unthinkable collapse in global bond yields is forcing pension funds to buy bonds that offer negative returns -- putting the financial security of future retirees in major jeopardy. 

U.S. Institutions managing trillions of dollars in retirement savings have been ratcheting down return expectations. 

Japan’s Government Pension Investment Fund, the world’s largest, has warned that money managers risk losses across asset classes. Europe pension funds are being forced to cut benefits in part thanks to the decline in rates. 

Do you think we're immune here in the U.S.? Think again!

- Source, David Morgan

Thursday, September 5, 2019

David Morgan: The Gold and Silver Ratio Explained


The gold-to-silver ratio is the amount of silver it takes to purchase one ounce of gold. Simply take the price of gold, divide it by the price of silver and Voilà! You have the gold-to-silver ratio.

- Source, David Morgan

Monday, August 26, 2019

David Morgan: The Financial World Has Gone Nuts


Every day brings new indications that the financial world is going from already nuts to even nuttier. 

According to Bloomberg, the total amount of bonds outstanding globally that are trading with a negative yield exceed for the first time $15 trillion. 

This includes government and corporate debt, and also some euro junk bonds that have joined the elite group. 

The Fed was dabbling in trying to stop this race that is now leading ever deeper into negative-yield absurdity, and had even tried to reverse it, and got shouted down.

- Source, David Morgan