The Morgan Report Blog

Special Free Webinar – Is There A Silver Shortage?

Is there a Silver Shortage?

Join Us For A Special Webinar Free Event
Starts March 29, 2016 at 10:00 AM PST

A pet peeve of mine is when an article is published talking about a shortage in silver or gold. Recently, we have seen an increase in articles claiming that there is a precious metals shortage simply because both the U.S. mint and Royal Canadian Mint ran out of blanks. Both government mints predetermine a rough amount they will mint at the start of the year. When demand surges, a “bottleneck” can occur and this has happened in the past.

Why is this such a pet peeve? Because a shortage in a specific silver product does NOT mean a shortage in the raw material. It would be like saying there is a rice shortage if Rice Krispies stopped being produced momentarily.

So join me in the free webinar where we’ll discuss…

Is a silver deficit a silver shortage?
What year did the deficit turn to a surplus?
Are the above ground silver stocks increasing or decreasing?
How well does price track supply?

Sign Up For The Free Webinar

A Coin Has How Many Sides?

This month’s essay may seem to have a different focus than the ones I have penned over the last couple of years. But its central message has the power to inform and clarify your precious metals’ decisions – and just about everything else in life.

More than ever before, making the decision to own precious metals is not enough by itself to safeguard your family’s assets and personal safety. It’s equally important to know why you believe this way – and be able to clearly articulate the reasons to others.

In late February, David Morgan, Editor of The Morgan Report, was invited by the producers of The Real Estate Guys radio show to speak to a group of high net-worth investors on the topic of precious metals during the annual Summit at Sea cruise, sailing out of Miami, with ports of call in the Caribbean. A scheduling conflict kept him from doing so, and I was asked to speak in his stead.

At this engagement, a number of well-known analysts participated. G. Edward Griffin (The Creature from Jekyll Island) discussed the profound differences between Collectivists – those who believe all answers to problems lie with the state and who accept the idea that our rights and freedoms are granted (and can thus be taken away) by this all-powerful entity. On the other hand, the Individualist believes that the people create the state and grant it authority and that free ownership of property (including precious metals) is instinctive.

Peter Schiff spoke eloquently about the unresolved 2008 financial morass which threatens to bring down the global economic system. Simon Black (Sovereign Man) – talked about diversification of assets and living in an interdependent global universe.

Money Metals podcast guest Jim Rickards gave an informative presentation via Internet screen cast. Rickard’s recently-published book, The New Case for Gold, is a work of such timely and compelling importance that every Money Metals Exchange reader should make it a priority to read, consider, and then act upon its recommendations.

Speaking on the same panel as me was Anthem Blanchard, son of the late James Blanchard II – the man who more than any other person in the precious metals investment/conference sector was responsible for helping to re-establish the legal right (in 1974) of Americans to invest in and own physical gold.

Readers might recall that in 1933, President Franklin D. Roosevelt made the very possession of this increasingly important wealth-preservation element an illegal act for American citizens.

Businessman, self-help author and financial literary activist Robert Kiyosaki was also a Keynote speaker. In 1997, Kiyosaki published his book Rich Dad Poor Dad comparing the manner by which his own father viewed the accumulation of wealth – via a salaried position in education – versus his Rich Dad acquaintance, who showed him how to achieve financial independence through the consistent application of powerful entrepreneurial and financial-acquisition skills. Kiyosaki is a very strong proponent of direct gold ownership.

The Sides of a Coin Are the Front, the Back, and…

Though I have read several of Kiyosaki’s books over the years, it was the opportunity to meet with and hear him speak, which really drove home the relevance of his philosophy. A core aspect of his work is to bring financial education – a precursor to financial freedom – to as many young people as possible.

His latest book, Second Chance for Your Money, Your Life, and Our World, will hopefully soon find its way to your reading desk. Robert Kiyosaki is truly a man who dedicates his life to doing both well… and good.

Please consider his powerful concept of the three-sided coin.

Three Sides to a Coin

We tend to think of coinage as having just two sides – front and back. Or in the trade, it’s referred to as the obverse and the reverse.

But there’s actually a third side – the edge – which serves as a metaphor for how we can approach problem-solving and the acquisition of knowledge in just about any situation.

When you view something from the edge, by definition you’re able to see both sides. It forces your mind to open to the other person’s outlook, and in the process helps broaden your own perspective. Kiyosaki’s other points can serve to clarify and strengthen your precious metals’ beliefs:

– Go “Big Picture” as much as possible.
– Study the past to see the future.
– Be first a pessimist (to get prepared); then an optimist (to seize the gains).
– The rich focus on assets; the poor focus on income.
– The less you focus on money, the more you’ll have
– After viewing things from the edge… think, prepare, then act.

Gold and Silver Bull Market Tectonic Plate Drivers 2016 – ?

My presentation provided an overview – elements of which should be familiar to many readers – of where we are, how we got here and where we may be headed. Specific to the precious metals, I covered the increasing struggle between supply and demand, declining mine yields, and longer development curves.

Two historic quotes demonstrate just how far back people have understood the answers to our current economic dilemma. See if you agree:

The budget should be in balance, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance of foreign lands should be curtailed lest the Republic become bankrupt. People must again learn to work instead of living on public assistance.
Marcus Tullius Cicero, 55 BC

Everyone wants to live at the expense of the state. What they forget is that the state wants to live at the expense of everyone. Frédéric Bastiat, c. 1848

Backed by the research and beliefs of the speakers at this Conference, readers should feel even more confident about their decisions going forward. By holding physical gold and silver as insurance in an uncertain world – not to mention for the strong likelihood of significant price appreciation in the months and years ahead – you are doing what is both honorable and right for yourself, for your family, and for your country.

 
davidsmithDavid Smith is Senior Analyst for TheMorganReport.com and is a regular contributor to MoneyMetals.com. For the last 15 years, he has investigated precious metals mines and exploration sites in Argentina, Chile, Mexico, China, Canada, and the U.S. and shared his findings and investment wisdom with readers, radio listeners, and audiences at North American investment conferences.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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3 Smart Ways to Save Money

 
3 Smart Ways to Save Money
BY DANIEL AMEDURI

According to GoBankRate, 56% of Americans have less than $10,000 saved for retirement. Over half of this group actually said they have ZERO in savings when participating in the study.

When looking at demographics, it is no surprise that 72% of millennials are in the category for the worst savers. This generation has been plagued with low wages and a government-fueled bubble in college tuition. This has left them saddled with student loans, credit card debt, and part-time jobs with bachelor’s degrees.

Even though I am not a big fan of conventional retirement, I do think savings is a must. No matter where you are in life, here are 3 great ways to save money regularly.

1. Create barriers. Savings shouldn’t be easily accessible. If it is, you’ll be tempted to spend it. In my own personal life, I can tell you when my wife and I were in our 20s, because our savings was not connected to our checking account, we became creative and thrifty when we needed to be, rather than just simply making a transfer out of our savings.

When I say create a barrier, it just means make a withdrawal inconvenient for yourself or in an account where it will take days to become spendable cash. For liquid currency, try a small credit union 30 minutes from your house, and don’t set up online access. Start a whole life policy, where in order to make a withdrawal, you have to pick up the phone and wait 5 days for a check to arrive.

2. Precious metals. I don’t know what it is about holding a physical gold or silver coin in your hand, but believe me, you don’t want to sell it… Which is why precious metals do make a great way to save – they preserve your purchasing power over time, and in order to convert your coins into cash, you have to either go find a local shop or call up a bullion dealer, who will force you to go to the post office, send the metal in, and wait for a check or wire.

Savings should be inconvenient to withdraw, otherwise it will just be a regularly tapped source to fill spending deficits. Force yourself to save and not spend too much.

3. Make it automatic. Set up contributions to a Roth IRA, or a bill pay that sends a check to your local savings account at a credit union. Have the money taken out — no matter what — on a specific date. The second new income hits your bank account, either have an automatic plan for disbursement into savings, or create a habit of making it the first thing you do on a payday.

Savings is the source of wealth; it’s opportunity cash, peace of mind, and what separates the rich from the poor.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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David Morgan on Gold, Oil and the Global Markets in 2016

In a special InvestorIntel interview, Publisher Tracy Weslosky speaks with David Market of The Morgan Report and the CEO for Lemuria Royalties Corp. on gold, silver, oil and overall global markets in 2016. He states that “we’re starting a bear market…” but adds “we’re going to see the precious metals particularly come up…more positive prices across the board, but primarily for the precious metals to lead.”

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Silver Expert David Morgan Rebrands Newsletter and Website to “The Morgan Report”

Silver Expert David Morgan Rebrands Newsletter and Website to “The Morgan Report”
Move reflects his expertise in many financial markets

SPOKANE, Wash., March 9, 2016 /PRNewswire/ — David Morgan, the world’s leading expert on the future of money, is rebranding his well known website Silver-Investor.com to the “The Morgan Report.com” to share his insights on making money in the markets in the coming years.

“It’s a blessing and a curse to be known as the authoritative voice on silver, when, in fact, I have been helping investors plan for their futures by providing solid research throughout the resource sector. We were one of the first in the Rare Earth field and have covered everything from copper to the bond market. I’ve also been educating the marketplace on the next big thing—Fin Tec, that is financial technology,” said Morgan, publisher of The Morgan Report. He has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications.

About the Morgan Report

The Morgan Report looks primarily at the resource markets each month and also provides market timing, from both the commodity side and the equity side.

“I created The Morgan Report for the growing legion of smart investors who see the folly of the endless money printing going on in Washington (quantitative easing) and who are determined to protect the value of their assets from the dwindling purchasing power of the dollar,” said Morgan. “It is devoted to help people make money by investing in this exciting sector.”

The Morgan Report is available in two subscription levels. The Morgan Report is available in two membership levels:

Premium Membership (Yearly) $499.99. Includes alerts and analysis updates from David Morgan, Access to research reports, special reports and bonus materials. Full access to audio/video interviews, mining company tours, tutorials, keynotes and teleconferences. Exclusive use of The Morgan Report desktop alert system. Plus, 12 previous issues of The Morgan Report archives.

Mastermind Membership (Yearly) $999.99. Includes everything in the Premium Membership plus our Master Mind Series Webinars – A monthly conference call with David Morgan and all Premium and Elite Members. This will be recorded and transcribed for those who cannot attend live. Subscribers also get all the previous Mastermind Webinars and all our previous newsletters.
The redesigned website include several free features for novice investors:

Free newsletter provides updates on conferences, video presentations, webinars, special offers, and tracking recent news and interviews. Subscribers also will receive information on companies we think have merit from time to time. To get a sample copy of the newsletter go to http://www.themorganreport.com/joinfreelist.

“Every week, readers will receive my exclusive analysis of the markets along with profitable investing insights they won’t find anywhere else. We keep them informed, aware and awake to what is going on in world,” he said.

Subscribers to the free newsletter also will receive:

Special Report: The Mobile Mill Gold-Producing Technology
Argentina Financial Meltdown documentary
Selling Precious Metals on the Internet
Zinc Study Special Report
Silver Fundamentals-Fundamentally Flawed
Riding the Silver Bull
11 Silver Factors Video
Krugerrand Experiment
The archives section includes a foundational education on money, the economy and metals.

Investors also can download a free report, “Riches in Resources” a general outlook of how all fiat currencies have failed and what investors need to do.

Investors who want to learn from his insights can monitor his YouTube Channel.

About David Morgan

A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created TheMorganReport.com website and originated The Morgan Report Newsletter, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key strategy for keeping and building wealth.

David considers himself a big-picture macroeconomist whose main job is education—educating people about money and the benefits of a sound financial system.

A dynamic, much-in-demand speaker all over the globe, the latest book “The Silver Manifesto” is available at Amazon in paperback, audio and electronic formats.

Additionally, he provides the public a tremendous amount of information due to the demanding interview schedule he maintains, additionally at times he writes in the public domain.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Sign Up For The Morgan Report Today! *   

David Morgan On Silver’s Recent Price Breakout

David Morgan On Silver’s Recent Price Breakout

Jerry Robinson, Host: Well, recently, gold and silver prices have been breaking out of a malaise that they have been locked into for many years. In fact, there has been a multi year downtrend occurring in gold and in silver, and it just seems to be shaking it off. It seems to be beginning to perk up. It’s catching the attention of hedge funds. It’s catching the attention of retail investors, and, of course, one person who has been watching the price of silver, in particular, for many, many years, a top analyst in this field, David Morgan. He’s a friend of the show, the founder of The Morgan Report. He publishes that on a regular basis. You can find that online. The simple website to go to, the one that he’s very well known for is silver-investor.com. The creator of that website, David Morgan, is joining me on the line today. David, thank you so much for joining us on Follow The Money.

David Morgan: Well, Jerry, it’s great to be with you. I want to make one quick statement. We have rebranded to themorganreport.com. That’s where our portal is for all of our paid and unpaid members. We will keep the silver investor website up, of course, but it will be more of an educational site. A lot of sweat equity has gone into that website over the last almost two decades, and we won’t take any of that down. It provides an educational platform for everybody. But the actual, what we consider to be the serious investor who wants a free report, a consultation, to be a member of the site, that type of thing, should go to themorganreport.com. The reason for that is because of the association with silver, a lot of people have never subscribed because they think it’s a silver only website, but it’s not. We’ve probably had one of the biggest gains in the aluminum space as an example. We looked at lithium, uranium, copper, coal, oil, all through the resource sector. We try to find value throughout the sector, meaning top tier, mid tier, and speculative situations that make sense, and we outline exactly how an investor would go about participating in our research. One size doesn’t fit all. Somebody that’s nearing retirement would take a different approach than someone that’s young and aggressive, and has a high cash flow and no responsibilities. So, we outline that and how to use it. The Morgan Report, and, again, rebranding so people get a solid idea of what we actually do, because, again, unless you are a member, the idea that “Oh,I’ve got some silver, so I’m good to go. That’s all I would get out of The Morgan Report.” is far from what we do.

DM: So, themorganreport.com. Now, The Morgan Report you’ve been publishing for many years, and I would imagine some of your subscribers are beginning to get the itch as they see silver and gold and just a few of the other commodities, but mainly precious metals, beginning to really curl up here, beginning to really form, possibly, a new uptrend. You know, David, here at our website, we created a trend analysis software, and we’re able to track buy and sell signals on equities, ETFs, and, of course, commodities. At the very beginning of February, the bell started going off for silver and gold. Gold issued what we call a Position Uptrend, which is on the weekly chart. We saw a brand new uptrend forming in gold and in silver. We haven’t seen the bigger long term uptrends form yet. They’re still a little bit away. We need to get it higher on gold and silver. What does your analysis tell you about this present pop in gold and silver that we see in 2016? Do you think this is merely a blip because of what happened to the dollar? The dollar has pulled back amid concerns about the global economy. Do you think that this is something more fundamental? What’s your take on the recent pop in precious metals?

DM: Agreed, I think this is it, and the reason being is that if you look at the majors, something like Barrick Resources which we outlined in the January issue. When these companies like that, Global Corp, Newmont, some of these really top tier companies, have almost doubled in that short amount of time. And, the volume has been substantially greater than what it’s been over the last several years. That, to me, is a key that the indication is strong that we are in, basically, the beginning of an upcycle. Does that mean that’s it 100%?. No, nothing in this business, Jerry, as you well know, is guaranteed. But, I think the bottom was in November of last year, and just for everyone who listens to what I do on the internet, certainly, we have been struggling with getting the bottom correct, but this really looks like it. I’m more confident now due to the fact of what the majors have done pricewise and what the volumes have been.

DM: Yes, the volume has been encouraging. Also, the attraction we’re seeing from some of the big institutional investors beginning to say, “Hmm, what’s going on here with gold and silver?” We know what happened last time, the last time gold and silver really took off, and David, you’re the perfect person to talk to this. Back in 2007 and 2008, we were right here with you pounding the pulpit saying, “You’ve got to get into hard assets.” and, back during that time, David, the average individual didn’t even know how to buy gold and silver. It wasn’t even something on his radar. He was just thinking of stocks and 401Ks and IRAs. So, we saw this huge marketing push, especially as we got into 2011, Goldline was on every single network, and Glenn Beck and all of these people were pushing gold on Fox News and whatever. So it really became a popular idea. “I can invest in gold and silver.” Well, now that we have seen this epic pullback, it seems as if the investor participation rate this time around is likely to be a lot larger than it was the first time around. When I say the first time, I mean the last time in 2007 and 2008. So, we expect to see more people fearing the loss of missing out on another major uptrend, and we expect to see even more retail investors piling into gold and silver whenever it is perceived that another long term uptrend is beginning. Do you expect to see the same from your end? Do you expect to see more retail investors piling in this time?

DM: Absolutely, for several reasons. One that I am very fond of saying is that 90% of the move comes in the last 10% of the time. If you look back at what happened in the 1970 to 1980 bull market, you can say from 1965 when silver was taken out of the coinage to the ensuing 15 years, we see that the acceleration phase, or the third leg of the major secular bull market, which I truly believe we are still in, is the longest, not in duration, but the greatest in appreciation. So, I think that we’re going to see a move in the metals and the underlying mining equities and resource stocks in general, that will probably go into the historical record as being the greatest bull market ever. The reason I say that is because it’s the counterbalance to the biggest bubble of the debt system on a global basis ever. So, that’s the context. The real reason that you go to the commodity which becomes money, gold and silver at a certain point, and this is very rare through monetary history, is because the uncertainty factor is so great under a small amount of the population that understands what’s going on, that there is an exit from the distrust of government’s ability to manage the economy, which they really have no business doing anyway, but I digress. So, there is this safety or uncertainty hedge in precious metals. Basically, they do an accounting of all the misallocation of capital that has taken place for decades. Now, that actually took place, Jerry, as you probably know, during the 1980 peak. I wrote an article called “Engineering the Price of Gold”, and if you look at that article that’s still available on the internet by typing in “Engineering the Price of Gold David Morgan” and google you will probably find it, you will find that if you accounted for M1, that’s your cash money not looking at any credit but looking at money only, you would find that the theoretical price of gold, to make every dollar backed by gold, is $400 an ounce. Yet, we went to $850 on a given day. I know it’s a one day trade, but we were above $400 for a fair amount of time. So, we could have actually gone back to 100% gold coin standard for a brief time had the government come in and said we’re actually reinstituting gold, and it’s going to be at this price, etc. I’m not saying that would ever happen. What I’m suggesting is that the accounting took place, and I think the accounting will take place again. If you were to use the same metrics that were used at that time, in other words, what is the global monetary supply, not credit but just money, what I call “money”, let’s call it, as Mike Maloney correctly says, currency, and you took the amount of gold on a global basis, you would find that you would be in the thousands of dollars per ounce. So, as an example, if you go back to 1979, and let’s say that you were a real silver bug, and you bought it when it was demonetized, so instead of $1.29 per ounce which was the price in 1964, you bought it, for let’s say, $2. And, you rode it all the way up for 14 plus years, and it made it all the way to $6. In real terms, you had made a capital gain and actually profited in real terms. But if you were a rank speculator, and you bought it in January of 1979 at $6, and you were smart enough to get out, let’s say on the way up to $50 in January 1980, that one year timeframe, you would have gone, perhaps, an 800% gain. That person that sold at that $6 level where you bought, the speculator bought and the investor sold, would have missed out on the biggest part of the move. So, that’s why I want to emphasize this, Jerry. I’m not saying that it’s absolutely going to happen. No one knows the future, and, certainly, yours truly has been beat up by the markets more than once, and these days the market could still humble me. Having said that, I really do believe what I said earlier, that the biggest move is ahead of us. You said, and I’m emphasizing this, that many people will jump on board this time that were either once in this market and will come back to it, but much more than that, it will be new buyers. New buyers will be waking up to it, and it won’t be a popularity contest this time, although that will somewhat be the effect of social media platforms that we all know about. It will be primarily due to a greed and fear trade that will be going on on a global basis. This won’t be a US phenomenon like it was in 1980. This will be a global phenomenon. I really think, again, that unless you understand why people covet the precious metals and why these types of runs to gold take place very rarely, then you’re not going to understand why when gold starts going up $20, $30, $40, or $50 an ounce on a daily basis, probably a couple of years from now, people need to have the proper context to understand why that could take place.

DM: You’re listening to the voice of David Morgan. He is a highly regarded resource analyst. You can learn more about him at themorganreport.com. David, you have recently revealed that you’re getting into business, into the royalty business, the streaming business, which is very exciting. I want to talk about that in a minute. Before we do, let’s just talk about the end game. I’ve noticed that as people wake up, and it’s been a process now for many years, it seems that the 2008 crisis really woke a lot of people up, they started researching and realized that cash money is not really money as you pointed out. It’s currency, and gold and silver are money. They started going through this kind of process where they became aware, and they began to understand what was happening. Now, it seems as if some people are trying to determine the end game. How does this end? The end game really varies. It all depends upon who you ask. Some people envision a Mad Max scenario. I don’t agree with that, but some people see that. Others see simply a return to the gold standard and a lot of pain in the process. What do you see? You just mentioned that you don’t have a crystal ball, but what is the end game from all of this reliance upon fiat currency? Just give us a realistic expectation of what you think could happen whenever the stuff finally hits the fan, so to speak. What do you envision?

DM: Good question. In fact, I’m writing an article exclusive, and I’ll give you the last paragraph. In fact, I’m working on it as we speak. It starts off talking about whether silver is a better investment than gold. Is silver more important than gold? So, in this paragraph, it says, “Looking at silver from a Mad Max perspective, one could argue that silver can purify water, help wounds to heal, kill many pathogens, act as a signaling mirror, and even recharge your cell phone. But, it’s highly unlikely to be used in an efficient monetary reset. The reset could go a number of directions at this point, from an all electronic system with some tracking methodology to a full international gold standard. At this point, many in our community think that some tie to gold in inevitable. This remains to be determined as my earlier statement about banks seldom losing, but almost always trying to gain more of a control over the populations still exist.” So, Jerry, I believe it’ll be something in the middle. I mean, this goes back to Aristotle’s golden mean. It’s not that I want to play politics. I’m not a big compromiser. I really stand on integrity and value, but I’m also fairly experienced in terms of years on the planet. Because of that, I think there will be some mix of perhaps a commodity based standard or perhaps a tie to gold. I don’t think it’ll be anything close to a true gold standard, but I also think there will be as much control in the system as the bankers can get away with, which means they’ll have an electronic form of payment. I want to go one step beyond that because this is something that I’m doing, I’m starting to look at it as seriously as I probably have the honest money movement or precious metals, and that is FINTECH which is slang for financial technology. Free markets are really hard to stamp out. I mean, whenever the authorities try to stamp out a free market they call a black market, well, that’s just their term for free thinkers that have solutions to problems that are caused, usually, by those in power. So, if we look at that, the financial technologies that are taking place now are disruptive to the current banking system. So, I’m fairly optimistic, Jerry, that we’re going to see more and more of these peer to peer payment systems like you have in Africa where people don’t have a bank account, yet they’re making daily trades for goods and services. And, again, this is a disruptive situation. So, I’m just starting to look into it, when I go after something, I go pretty deep, and that’s something I’ll probably be writing about in the next issue of The Morgan Report. So, that gives me hope. Now, how that develops is like anything “new”, which means that there will be stuff out there that is pure fluff, people out there trying to rip someone else off by making a company that has no real merit. There are those kinds of scoundrels in existence, unfortunately. There will be others that really put in blood, sweat, and tears that maybe make an error that’s very difficult to recover from, but they will, and they will build something that’s really of merit, even though they stub their toe, so to speak. And, then there will be some that will be leaders, perhaps from the beginning all the way up. I don’t know. What I do know is the process, and the process is that there will be competition, which is a great thing. So, there could be one, two, or three as an example, of these financial technologies that are totally disruptive to the current banking empires that will actually be coveted by the people, trusted by the people, utilized by the people, and will grow exponentially. So, that’s what I’m looking for. That gives me hope. You know, Jerry, you’re younger than me and that’s great. I was mentored by, in my view, some of the greatest minds on the free market, some of the greatest in the financial sphere that you can talk about. Murray Rothbard, what an intellect, and then look at practical guys like Jerome Smith that very few people talk about, Harry Brown is one of the greats. I actually worked for Jerome at one point in time. The Aden sisters came through the Jerome Smith school, meaning that he trained them in technical analysis. So, excuse the ego, I don’t mean it, but from looking at all kinds of the writers back in the day meaning back when I was young just getting into the field, the silver guys seemed to have some of the best thinking, in my opinion, over most of the guys. They did much more than silver just like The Morgan Report does much more than silver. The idea is that I still have hope. I have really strong beliefs, but I don’t want to voice too much on the air, but you know them. If you just put it in humanistic terms, I believe in the human spirit, obviously, but I believe that there is a God, and we’re not it. I think that’s very important to voice because where it all comes from is not just the human experience. There is a lot more to it than that. Back on track, I still believe that there are God given talents to make use of what we have, not only from the imagination perspective, but more from the practical perspective, how we can find solutions that are spawned, let’s say, from us rather than from some authority that’s going to tell us what to do. It really boils down to, in my view, and I’m going to get a little political here which I seldom do, there are really two types of people. There’s those people that really want to be free and make it on their own, and there’s those people that want to be provided for, even though they have reached adulthood. And, that’s unfortunate because, if you look at the metaphor, let’s say, of something that I think most can relate to. If you look at a lion, the king of beasts in a zoo, everything is provided for him. He has a habitat, he’s given food, he’s probably got a partner, and all of that. And, if you look at the eyes in that lion that’s in captivity, there’s nothing there. There’s no real spirit there. But, if you look at a lion out in the free, out in the Savanna, you see one of the most majestic creatures on the planet, in my view, and that’s a metaphor for what’s really going on. If you need to be provided for once you reach adulthood, I question whether you’ve really become an adult.

DM: Interesting. Very, very interesting. You’re listening to the voice of David Morgan. He is the publisher of The Morgan Report. You can find out more about that by going to themorganreport.com. David has been an analyst for a very long time, watching commodities, particularly silver. David, now you’re stepping into, I just learned, a brand new role. You’re stepping into what looks like a royalty company. Why don’t you briefly describe for our audience in these final moments what your new project is all about. It sounds very exciting.

DM: Thank you, Jerry. The best thing to do for anyone interested is to go to lemuriaroyalties.com. On there you can find out about the management. Certainly, it’s not just me. We’ve put together a team of people who are very experienced in this area of royalty in a streaming company, especially the legal team which is important because these will be individual contracts on a case by case basis. We’re there to build shareholder value. It is a private company. Of course, that’s additional risk in some cases, but we want to build something that is a win win situation. The current model, generally speaking, is one where there is a set price on a given commodity, and that extends, let’s say, through the life of the mine. In our vision, we look at it more like how we can partner with a company and provide them some upside. So, for a quick example, not an actual contract, I want to be clear that this is just an idea. But, rather than give a fixed price to, let’s say, a silver stream as an example, at $5 an ounce, we would give a percentage, let’s say 30% of the spot price. So, if you’re looking at $15 silver, 30% would be $5 an ounce. However, if silver went from, let’s say, $15 to $45, the company would be receiving a much larger share than they would in the fixed price methodology. So, we want to provide something that we think the market would gravitate to. I’ve always been a big believer in the free market, and that there are win win situations. Not that you can’t be a great or strong negotiator, but if you leave winning the negotiation, and leave the other side feeling like they’ve been taken or have not been treated fairly, you’ve not built a relationship.

DM: Yes, I would imagine. I’m thinking about companies like Silver Wheaton, Royal Gold. I’m thinking of Sandstorm. We’ve had the CEO from Sandstorm on, and these companies operate with that royalty mechanism where they pay. And I would imagine in this environment right now, they really have a lot of power, so you’re talking about giving some more power back or restoring some more power back to the silver miner. Is that what I’m hearing? It sounds like there is going to be a demand for that because that currently doesn’t exist in the marketplace.

DM: Correct. I will humbly say that sometimes building the mousetrap isn’t the way to do great in business. Sometimes building a better mousetrap is, and I will use that analogy because, certainly, there is nothing new about a royalty or streaming company. Silver Wheaton started with Chap Mercantile. In fact, we were on that very early for our members, but I thought, “Wow! I should have done that myself.” That’s the way to do it, especially with these base metal miners that could give a hoot about silver. Right? But, nonetheless, this came basically through partnerships that I’ve formed, people that I’ve known. I’ve known so many of these miners, so it’s an opportunity for them, in my view, to make a deal that, perhaps, serves them better.

DM: This was a logical step for you. Was this a dream of yours? Is this something that’s coming true that you’ve always wanted to do, or is this just out of the blue and just kind of happened?

DM: Great question, and I’m going to answer truthfully, not that I wouldn’t. Actually, it’s a dream of one of the guys that’s been working with me for some time, and one of my big joys in life is to help someone fulfill their dream. I have pretty much fulfilled mine. I basically wanted to be in the business I’m in and providing truth to people that are willing to hear it. The idea of running a fund, if you want to call it that, it’s really not a fund, but a company that dealt with the miners directly and gave appreciation to those that were participating with us. That’s more someone that’s in the team. We knocked around the idea for a while, and, of course, he had the idea. I’ll give him credit for that, as far as the outline I just provided, as far as the win win situation. But, I had the contacts, and I also knew the management types that we would need and how they tied into the legal structures that were required. So, it had to do with having some gray hair and a lot of contacts. The young guy had a great idea, and you could call me the connecter that put it all together, if you will. And, I’m the one taking the company forward in the CEO slot, which I’m fairly comfortable with, really. But, it’s a team effort. I’ve put together, I think, a really, really good team that will be able to do what we say we’re going to do. Does that guarantee we’re not going to make any mistakes? No, unfortunately, no. I don’t think I would like to live life without error. The greatest lessons I’ve learned have actually been from making mistakes and learning from them. To continue to make a mistake and repeat it, that’s insanity. That’s used way too often, Jerry, but I have to come back and say that the idea that we can print more money or create more debt to get out of this debt problem is insanity. That’s what’s going on in the top tier at this time with the global banking system.

DM: Those of you who want to find out more information about what we have been talking about today, you will find links on the show notes. Also, I’ll repeat the domains. Would you repeat the name of the company again? I don’t know if I know how to say the first name. Is it Lemuria?

DM: Yes, Lemuria Royalties.

DM: Lemuria, ok, so it’s lemuriaroyalties.com. We’ll place a link to that on the show notes. Also, themorganreport.com. You can go there and subscribe to David’s newsletter. It provides a lot of great information, and you talk about different royalty companies. In fact, I do like those companies. They certainly carry less relative risk because of their business model than a typical miner. So, I do like the royalty companies. If you want to learn more about those types of companies, I know David profiles those in The Morgan Report, and he is now officially launching his own. So, you can learn all about that on the links we provided today. David, in our final moment, would you just leave our audience with a piece of advice from somebody who has been around precious metals for so long? Just some advice for 2016. What would you say to our audience in closing?

DM: I would say be prepared for change. We are in a system now that is rapidly changing in all fronts, financially, the food system, the political system. I mean, everything you can touch about our world is changing at a rapid pace. So, for those younger people, think about a career as being maybe three or four careers. In other words, the job that you have now may be very, very good, but may be superseded by something different in the future. So, I think the ability to be able to be a life long learner will probably serve everyone the best.

DM: Great advice. David Morgan, my guest today. Learn more online at themorganreport.com. David, as always, it’s wonderful to have you on. Thank you so much for sharing your wisdom.

DM: My pleasure, Jerry. Thanks for having me.

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Gold Breaks Out! Silver to Follow? | David Morgan

Renowned precious metals guru David Morgan returns to Reluctant Preppers to weigh in on whether gold’s recent breakout from its trading bottom trading bottom signals a coming breakout for silver.

Morgan also updates us on his #1 priority preparedness item to stockpile (hint: it’s not gold or silver!)

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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Money is the Root of is the root of all evil… From Atlas Shrugged

Money is the Root of is the root of all evil… From Atlas Shrugged

“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?

“When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears not all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor–your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money, Is this what you consider evil?

“Have you ever looked for the root of production? Take a look at an electric generator and dare tell yourself that it was created by the muscular effort of unthinking brutes. Try to grow a seed of wheat without the knowledge left to you by men who had to discover it for the first time. Try to obtain your food by means of nothing but physical motions–and you’ll learn that man’s mind is the root of all the goods produced and of all the wealth that has ever existed on earth.

“But you say that money is made by the strong at the expense of the weak? What strength do you mean? It is not the strength of guns or muscles. Wealth is the product of man’s capacity to think. Then is money made by the man who invents a motor at the expense of those who did not invent it? Is money made by the intelligent at the expense of the fools? By the able at the expense of the incompetent? By the ambitious at the expense of the lazy? Money is made–before it can be looted or mooched–made by the effort of every honest man, each to the extent of his ability. An honest man is one who knows that he can’t consume more than he has produced.’

“To trade by means of money is the code of the men of good will. Money rests on the axiom that every man is the owner of his mind and his effort. Money allows no power to prescribe the value of your effort except the voluntary choice of the man who is willing to trade you his effort in return. Money permits you to obtain for your goods and your labor that which they are worth to the men who buy them, but no more. Money permits no deals except those to mutual benefit by the unforced judgment of the traders. Money demands of you the recognition that men must work for their own benefit, not for their own injury, for their gain, not their loss–the recognition that they are not beasts of burden, born to carry the weight of your misery–that you must offer them values, not wounds–that the common bond among men is not the exchange of suffering, but the exchange of goods. Money demands that you sell, not your weakness to men’s stupidity, but your talent t o their reason; it demands that you buy, not the shoddiest they offer, but the best that your money can find. And when men live by trade–with reason, not force, as their final arbiter–it is the best product that wins, the best performance, the man of best judgment and highest ability–and the degree of a man’s productiveness is the degree of his reward. This is the code of existence whose tool and symbol is money. Is this what you consider evil?

“But money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. It will give you the means for the satisfaction of your desires, but it will not provide you with desires. Money is the scourge of the men who attempt to reverse the law of causality–the men who seek to replace the mind by seizing the products of the mind.

“Money will not purchase happiness for the man who has no concept of what he wants: money will not give him a code of values, if he’s evaded the knowledge of what to value, and it will not provide him with a purpose, if he’s evaded the choice of what to seek. Money will not buy intelligence for the fool, or admiration for the coward, or respect for the incompetent. The man who attempts to purchase the brains of his superiors to serve him, with his money replacing his judgment, ends up by becoming the victim of his inferiors. The men of intelligence desert him, but the cheats and the frauds come flocking to him, drawn by a law which he has not discovered: that no man may be smaller than his money. Is this the reason why you call it evil?

“Only the man who does not need it, is fit to inherit wealth–the man who would make his own fortune no matter where he started. If an heir is equal to his money, it serves him; if not, it destroys him. But you look on and you cry that money corrupted him. Did it? Or did he corrupt his money? Do not envy a worthless heir; his wealth is not yours and you would have done no better with it. Do not think that it should have been distributed among you; loading the world with fifty parasites instead of one, would not bring back the dead virtue which was the fortune. Money is a living power that dies without its root. Money will not serve the mind that cannot match it. Is this the reason why you call it evil?

“Money is your means of survival. The verdict you pronounce upon the source of your livelihood is the verdict you pronounce upon your life. If the source is corrupt, you have damned your own existence. Did you get your money by fraud? By pandering to men’s vices or men’s stupidity? By catering to fools, in the hope of getting more than your ability deserves? By lowering your standards? By doing work you despise for purchasers you scorn? If so, then your money will not give you a moment’s or a penny’s worth of joy. Then all the things you buy will become, not a tribute to you, but a reproach; not an achievement, but a reminder of shame. Then you’ll scream that money is evil. Evil, because it would not pinch-hit for your self-respect? Evil, because it would not let you enjoy your depravity? Is this the root of your hatred of money?

“Money will always remain an effect and refuse to replace you as the cause. Money is the product of virtue, but it will not give you virtue and it will not redeem your vices. Money will not give you the unearned, neither in matter nor in spirit. Is this the root of your hatred of money?

“Or did you say it’s the love of money that’s the root of all evil? To love a thing is to know and love its nature. To love money is to know and love the fact that money is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money–and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it.

“Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it.
“Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun.

“But money demands of you the highest virtues, if you wish to make it or to keep it. Men who have no courage, pride or self-esteem, men who have no moral sense of their right to their money and are not willing to defend it as they defend their life, men who apologize for being rich–will not remain rich for long. They are the natural bait for the swarms of looters that stay under rocks for centuries, but come crawling out at the first smell of a man who begs to be forgiven for the guilt of owning wealth. They will hasten to relieve him of the guilt–and of his life, as he deserves.

“Then you will see the rise of the men of the double standard–the men who live by force, yet count on those who live by trade to create the value of their looted money–the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law–men who use force to seize the wealth of disarmed victims–then money becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket. And then that society vanishes, in a spread of ruins and slaughter.

“Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed. Money is so noble a medium that is does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot.

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’

“When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, ‘Who is destroying the world? You are.

“You stand in the midst of the greatest achievements of the greatest productive civilization and you wonder why it’s crumbling around you, while you’re damning its life-blood–money. You look upon money as the savages did before you, and you wonder why the jungle is creeping back to the edge of your cities. Throughout men’s history, money was always seized by looters of one brand or another, whose names changed, but whose method remained the same: to seize wealth by force and to keep the producers bound, demeaned, defamed, deprived of honor. That phrase about the evil of money, which you mouth with such righteous recklessness, comes from a time when wealth was produced by the labor of slaves–slaves who repeated the motions once discovered by somebody’s mind and left unimproved for centuries. So long as production was ruled by force, and wealth was obtained by conquest, there was little to conquer, Yet through all the centuries of stagnation and starvation, men exalted the looters, as aristocrats of the sword, as aristocrats of birth, as aristocrats of the bureau, and despised the producers, as slaves, as traders, as shopkeepers–as industrialists.

“To the glory of mankind, there was, for the first and only time in history, a country of money–and I have no higher, more reverent tribute to pay to America, for this means: a country of reason, justice, freedom, production, achievement. For the first time, man’s mind and money were set free, and there were no fortunes-by-conquest, but only fortunes-by-work, and instead of swordsmen and slaves, there appeared the real maker of wealth, the greatest worker, the highest type of human being–the self-made man–the American industrialist.

“If you ask me to name the proudest distinction of Americans, I would choose–because it contains all the others–the fact that they were the people who created the phrase ‘to make money.’ No other language or nation had ever used these words before; men had always thought of wealth as a static quantity–to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were the first to understand that wealth has to be created. The words ‘to make money’ hold the essence of human morality.

“Yet these were the words for which Americans were denounced by the rotted cultures of the looters’ continents. Now the looters’ credo has brought you to regard your proudest achievements as a hallmark of shame, your prosperity as guilt, your greatest men, the industrialists, as blackguards, and your magnificent factories as the product and property of muscular labor, the labor of whip-driven slaves, like the pyramids of Egypt. The rotter who simpers that he sees no difference between the power of the dollar and the power of the whip, ought to learn the difference on his own hide– as, I think, he will.

“Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns–or dollars. Take your choice–there is no other–and your time is running out.”

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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No Such Thing as a Free Lunch

No Such Thing as a Free Lunch
by Elijah Johnson

You can get something for nothing. Financial newsletter writer David Morgan’s decades of experience and research in the finance industry has convinced him that this is a lie that originates in the financial system, but infects society as a whole. For over a decade, Morgan has been on a mission to educate people about this problem with the financial system, and now he’s focussing on solutions.

It all started for Morgan as an 11-year-old in 1965 when he received his weekly allowance of a quarter. He looked at it curiously and was startled. There was something different about this quarter from any other he had seen before. The quarter was not silver.

This was Morgan’s first experience of currency that did not have intrinsic value. Starting in 1965, no longer were quarters and dimes 90 percent silver. Coins were made of cupronickel, a nearly worthless copper alloy. Morgan said he was the only person around him who noticed how the U.S. currency was changing.

Since this young age, Morgan has always noticed what others didn’t. “He was really just a visionary,” his sister Diana Benson said, “He always did a lot of research, and he would share things with family, friends…some of us would look at him like ‘where are you getting this stuff’…the things that he was saying way back when kind of blew us away. And as the years have evolved, so much of what he talked about way back when has come to pass….He was just really ahead of his time.”

Although he started his career life working in the aircraft industry, his interest in finance was reignited when he saw a test pilot reading a financial newsletter. He subscribed to the newsletter and started learning more about precious metals. He started investing in stocks and commodities, primarily in the precious metals sector. He soon ended his career in the aircraft industry and started working in the financial markets. He worked as a broker, then sold precious metal coins for a short time, and later worked on the analytical side in consulting.

Once the Internet arrived, Morgan researched more about finance. “Being very motivated to learn new things – learn everything – I would stay up for hours, thinking I had only stayed up for minutes.” Inspired by other newsletter writers, he started writing his own.

The Morgan Report Newsletter is a monthly report focussing on the economy, currency problems, and investing in gold and silver. Today, Morgan is one of the top analysts in the silver market.

Morgan lives in Washington State. He writes his newsletter from his room where he has a bookshelf full of financial, health, and philosophical books. He has a mild mannered deep voice. He speaks sincerely and without ambiguity. He is like a Stoic, his friend and former co-worker Dan O’Connor said.

Morgan is concerned with the financial and moral states of the society. He said, the root of the problem goes back to the change the U.S. mint made when he was a child. Money isn’t sound anymore, he explained. In other words, it is not backed by gold, silver, or anything of intrinsic value.

“We’re living a complete and total lie from the top down because we’re taught we can’t get something for nothing, yet the entire financial system is based on [the Federal Reserve] creating money out of thin air. So we’re getting something for nothing, and that lie permeates through the entire culture on a global basis because all central banks basically do the same thing as the Federal Reserve.”

If you look at monetary history, Morgan’s favorite subject, he said there is a direct correlation between the debasement of the currency and the debasement of the moral structure in the society.

Morgan’s mission statement on his website is to, “[educate] people about honest money and the benefits of a sound financial system.” But some of the time, Morgan feels like his message is not taken seriously.

“The greatest lesson of history, is that people don’t learn the lessons of history,” Morgan said with tears nearly coming to his eyes.

Still, Morgan hopes he has planted seeds in some people’s minds.

“[Morgan’s] poised analytical skills have enabled him to figure out a lot of the problems,” O’Connor said, “I think because of that…he’s going to be able to help come up with solutions….He has affected many people by his explanation of some very complex things…so they can understand it and make changes and adjust their thinking out of what the mainstream is selling them.”

Coming up with the solutions is what Morgan has been doing recently. He said, “There’s so much dishonesty through the entire system, not just the financial system. So these things need to be corrected. I think honest money [precious metals] is part of the solution, but it’s not the full solution. So the last few years, I’ve started to focus on a total solution, and that entails more than just the financial part.”

One of the solutions Morgan recommends is simply to protect oneself from a possible economic collapse. He even started another website SilverPrepper.com, where he sells long lasting emergency food.

“Whether or not you believe in the economic system having very important distortions in the future where it might be wise to have some provisions put back or not, it makes sense to have it for an emergency of any type.”

Morgan also believes in the importance of a non-genetically modified, nutritious diet. For this reason, the emergency food he sells is organic and non-GMO.

As for actually correcting the system, Morgan said positive change usually comes, not from the elite, but from the bottom up. He now hosts conferences focussed on how people of all ages can help build a more productive and honest future.

Benson said, “I love that he’s focusing on the solutions. I really feel that people are going to respond really well to that. Everyone’s kind of sick of rehashing what’s wrong. People want to know what they can do to make it right. If not only for themselves, but for a better future for their children and grandchildren and humanity.”

 

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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