David Morgan: The Great Silver Crisis is Coming, 1980 $50 Silver Equals $600 Today
"If you look at the metrics that we used in 1980 where food and energy, the two things humans need most to survive, were not taken out of the CPI (consumer price index) and they left that in, and we went with the same calculation, which is far more honest that the calculation we have now, it's a simple math problem, and $50 silver in 1980 is $600 right now. The $50 that silver hit in 2011 really didn't buy you anything, and certainly not what it would have bought you in 1980."
David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing
