David Morgan: Silver is Playing Catch Up

0:00 - Intro0:25 - Is silver more compelling than gold?5:07 - Silver's price potential - US$50 or triple digits?9:14 - The physical market and availability13:49 - Silver majors, mid-tiers or junior miners?16:55 - Gold hasn't outrun itself yet19:47 - What point are we at in the gold cycle?23:31 - Outro

The gold price hit yet another price milestone on August 4, breaking through US$2,000 per ounce for the first time ever and then continuing to rise.

For David Morgan, all signs show the third leg of the current market cycle has begun.

"The biggest move is in the third leg, which we've just entered. Gold proved it a couple of days ago - what you have to have is a new nominal high, which we had in gold, and now we're getting that round number of US$2,000," said Morgan, who is the publisher of the Morgan Report. "Silver will catch up in my view, and probably ... outperform."

David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, 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, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.