Today's environment of excessive money printing and debt creation is an excellent time for silver to outperform. When contrasted with the...
David Morgan on Palisades Gold Radio
Tom welcomes back a man who needs no introduction, the silver Guru David Morgan himself. David discusses the saying, "90% of the move comes in the last 10% of the time." and why that seems to ring true.
Physical demand in 2020 for silver from ETF's has been unprecedented, and the gold-silver ratio has also outperformed. Silver should continue to outpace gold, and he expects this bull run to continue for another two or three years.
David explains how silver is both a commodity and a monetary asset in times of crisis. Today's environment of excessive money printing and debt creation is an excellent time for it to outperform. When contrasted with the base money supply, you can establish some high price targets. Silver remains an essential industrial commodity in the modern world.
David discusses the supply-demand picture for silver and how it has been gradually changing. He believes the dual demand profile and the many useful applications for silver will drive the market.
He discusses Bitcoin and why swapping some profits for silver may be a good idea.
Anything vital, like energy and food, will likely cost more as inflation unfolds. Investor psychology and concerns regarding government policies will drive money velocity.
Everyone should have a core physical silver position, and for those who want extra leverage, they should look at miners.
David says, "People won't believe it, but in inflation-adjusted terms, silver remains near all-time lows."
Time Stamp References:0:00 - Introduction0:40 - Silver Cycle Forecast3:02 - ETF Demand4:27 - Valuing Silver9:00 - Silver Supply & Demand13:23 - Applications for Silver17:28 - Attracting Investors20:22 - Bitcoin & Silver22:06 - Economic Expectations26:26 - Money Velocity28:45 - Silver Rules31:31 - Selling Silver?34:10 - Trading Silver For Gold35:33 - Central Bank Digital Currencies38:58 - Silver Backed Crypto40:26 - Wrap Up