The Case for $10,000 Gold & $500 Silver | David Morgan

Precious metals expert David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000/oz. If silver reverts to its historic price ratio to gold, that would mean over $500 silver.

Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the economy slows, there will be less demand for base metals, reducing the production of silver.

As for the short term, Morgan sees gold and silver moving higher within the next few months.

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.