The Morgan Report Blog

Silver Endgame Scenario, FED Has No Idea how to Fix Anything

This is a great interview if you’re looking for the the wide view of the most recent silver/gold/mining correction and current market view and recent FED meeting. With us is David Morgan the leading silver expert who’s been Future Money Trends’ friend since our beginning in 2010. Make sure to checkout his site and subscribe if you love silver as an investment.

TOPICS IN THIS INTERVIEW:

00:50 Mining has Barely Risen, Much More Up-Room in Bull Market!
03:00 The Silver Awakening: The Ultimate Investment Metal
03:45 This Correction Explained, Manipulation in Short-Term
05:40 Current Levels & Forecast for Silver & Mining Stocks
07:40 Mining Stock Fervor is Kicking Off with Big Investments
09:00 Waiting for Fall for Biggest Bull Run Return
11:25: How 2016 Election Could Affect Metals & Mining & Economy
13:00 Physical Market Freeze-Up, World Markets, Currency Crashes
15:00 Our World is Way out of Balance; Fiat System Beyond Repair
17:40 FED Meeting, ZIRP, NIRP, What is the Endgame?

 

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“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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THE POWER OF PRICE SPIKES ON INTRADAY CHARTS

 
THE POWER OF PRICE SPIKES ON INTRADAY CHARTS

Last week ended on a very positive note for those who follow and trade filtered price spikes.

What is a filtered price spike? In short, I scan pre-market, and post-market trading hours’ price charts of SPY, QQQ, IWM, GLD, and GDX for a very special odd tick in the market which creates a spike on the chart.

These spikes could be to the upside or downside, does not matter. What they tell me is the direction which the market (market makers) are going to try and move the market in then next 48 hours.

As long as you can trade 1x, 2x or 3x ETFs, futures, Binary options, spread betting, or CFD’s, then you can take full advantage of these quick and powerful moves.

These spikes generally are not huge percent movers, typically range between 0.25% – 1.1%, but they are highly accurate and when leverage is used like trading futures you can pocket $250- $1500 quickly.

I have found price spikes to work exceptionally well in predicting market-moving news before it takes place like Brexit and Friday’s FED decision.

Below you will see a chart of GLD (gold) which flashed us a with a buy signal 36 hours before gold shot up in price post the FED decision.

1

This week (Monday Aug 29th) SPY Spike and Target Hit

On Friday after the market closed I saw a spike up on the SPY chart. You can see what happened the next trading session once the market opened – Market rallied and spike was filled for a quick $450 profit.

201608spikefilled

Concluding Thoughts:

In short, if you are looking for a few extra trades each month that are highly accurate and only put your money at risk for a very short period of time then you should look into getting my ETF trades and Spike Alerts.

Trade With Me At: www.TheGoldAndOilGuy.com

Chris Vermeulen

 

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Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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PRESENTATION WITH DAVID MORGAN: THE INVESTMENT OUTLOOK FOR SILVER AND SILVER MINING COMPANIES

 
MINES AND MONEY IS COMING TO THE AMERICAS
PRESENTATION: THE INVESTMENT OUTLOOK FOR SILVER AND SILVER MINING COMPANIES

Time: 16:30 – 16:50
On: Conference Day One – 09/27/2016

Investigating the reasons why gold has been outperforming silver so far this year
– should investors be concerned?

Understanding the fundamentals behind silver / gold correlation

Have we reached the bottom or is there more carnage to come?

What silver mining companies should investors be looking at? Which geographies? Is there any value to be found in the exploration space?

Where will the price of silver be this time next year? And in 5 years’ time? Why?

Get More Details & Register

 

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Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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  • Coffee
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  • Coca Cola

Bitcoin is Just a Bit-Player

 
Bitcoin is Just a Bit-Player

Over the last few years, so-called “crypto-currencies” – digital equivalents of a monetary exchange unit, have been all the rage. The most well-known in the category, Bitcoin, has had quite a run. Starting out as a “virtual penny stock” it rose in 2014 to the elevated height of $1,150, before crashing back to earth. This “electronic currency” is created and stored in a “wallet”. Purchases and sales are made via a “blockchain” which keeps a memory of every transaction conducted. Private keys (supposedly) provide assurance that a Bitcoin holder’s account is safe.

To avoid confusion, the following rules generally apply for correct usage of the term. Bitcoin, with a capital “B” refers to the peer-to-peer network that allows for marketplace exchanges without the need of a third party. A singular coin is referred to as a “bitcoin”. The plural form would be “bitcoins”. Having said this, it’s been our experience that about half the time, one sees see the term for the units capitalized. And the plural form seems most often to be spelled “bitcoin”.

bitcoin-2-1-1

In less than three years, two seminal events have served to give bitcoin users financial heartburn. They give Inquiring Minds (readers of this column?) a serious reason to put on their thinking caps, before starting to look on crypto-currencies as viable challengers to what history teaches us is real money – gold and silver.

In February, 2014, the Tokyo-based bitcoin exchange, Mt. Gox, which at the time handled 70% of all bitcoin transactions, suspended trading and filed for bankruptcy after 850,000 bitcoins went missing.

Then in early August 2016, 119,000 bitcoin worth $70 million were stolen from a Hong Kong exchange – one of the world’s largest. These two events alone should fully justify safety concerns. More important than the theft itself, was what the exchange decided to do about it. They decreed that account users who bore no responsibility for the loss, would still be subject to a 35% “bail-in” (exchange-approved theft) to make up for it.

In what turned out to be prophetic comments, less than two years before the events discussed above, Nadeem Walayat, Editor of The Market Oracle, stated he believed that “thieves have been busy producing a whole host of bitcoin wallet malware that seeks to steal any wallets that they find on infected computers”. As new bitcoins are “mined” and the blockchain becomes more complex to operate, Walayat believed that

“…what bitcoin holders are going to be increasingly exposed to, is ever more sophisticated malware that are aimed at the theft of their bitcoin holdings at every stage of the process, starting right from their internet connected desktop PC’s to the interception of transactions between servers to the wild west bitcoin exchanges that can disappear with all of their customers bitcoin holdings overnight, to the highly sophisticated bot net infected mining pools that seek to target all bitcoins in existence by seeking to rewrite who owns what.”

Yet crypto-currencies do have a few things going for them, and maybe someday they will find wide acceptance and utility among the general population. They offer a certain amount of financial privacy. Funds can be transferred to any point on the globe. A fair number of businesses accept Bitcoin in payment. Their volatility means that holders have a lot of upside potential – BT recently traded as high as $788 (currently trading at $575.)

But are these benefits enough if you wake up some morning to find out that the site who you’ve entrusted with your BT has been hacked (robbed) and you’re informed that you’re going to be “bailed-in” to help restore the funds of other site holders?

If this kind of risk appeals to you, why not just continue to keep all your liquid assets in bank CDs, non-interest bearing savings accounts, or money market funds? Soon enough you’ll have to pay them to hold your money via negative interest rates (NIRP). You’ll have new fees added to your non-interest-bearing accounts, and “redemption gates” – limitations on how much of your own money you can withdraw. It brings to mind the exchange between two peasants, in the classic film The Magnificent Seven. They were discussing whether or not they should resist the continued thievery of the Mexican bandit Calvera and his gang, or just put up with their periodic depredations. “But they never steal all our corn!” responded one campesino who voted not to resist.

Eventually if/when your bank gets into trouble – even through no fault of your own, you may be “volunteered” to give up 20-30% of your account in a “bail in” to help cover their mismanagement. A few years ago, a Spanish bank took it a step further – forcing account holders to convert their cash to the bank’s stock…which promptly lost 90% of its value!

This fall, regulatory agencies will no longer require money market funds to promise that your shares will drop no lower than $1. In the past, his sacrosanct rule served as a guarantee that you could never lose your principle. Now, that can change at any time, allowing the net asset value of the fund to close below $1 and stay there – in the trade called “breaking the buck.” Thus, on any business day of the week, you may lose some of your money market funds on deposit.

In 2010, the SEC voted 4-1 to authorize the ‘legal’ suspension of money market redemptions. They wrote “We understand that suspending redemptions may impose hardships on investors who rely on their ability to redeem shares.” Translation: You are in their thoughts and prayers, but they can still decide to prohibit withdrawals from your own account.

As the checkered history of upstart “money substitutes” like Bitcoin has shown, those who have control over the disposition of funds of any second party will sooner or later find a way to debase (steal) some if not all of it from the person who thinks he/she “owns” it.

Over two years ago, David Morgan wrote in an article titled “My Two Bits about Bitcoin“, which you can read on his blog here:

Looking at what has taken place, especially over the last year or so, I must conclude with this simple – and to my thinking – self-evident statement. Whereas Bitcoins can vanish, Gold cannot. Just remember for all who read this, the timeless advice of – caveat emptor! And may the Free Market Reign.

It’s likely Bitcoin will go through more “jury trials” – efforts at sustaining public acceptance – before it is either fully approved of, or tossed into history’s waste bin. But while we wait to find out, I’d say that, in some very important ways, compared to gold, Bitcoin has so far proven itself to be nothing more than a two-bit interloper.

David Smith

 

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Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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Silver Miners will Outperform Silver in the Forthcoming Bull Run!

 
Silver Miners will Outperform Silver in the Forthcoming Bull Run!

Despite the expectations of a rate hike by the FED, in December of 2016, silver has remained close to its’ highs (as shown in the chart below). After a stellar run, the “white metal” is consolidating near its’ highs, while anticipating its’ next imminent breakout.

Along with investing in the “white metal” directly, investors should also use this consolidation in silver to look at the silver miners, which offer excellent returns during silver bull runs.

Silver Miners will Outperform Silver in the Forthcoming Bull Run - Chart1

Supply and Demand for Silver:

“Industrial demand is set to increase, driven by rising incomes and growing penetration of technology in populous, developing nations, as well as new uses are being found for silver’s anti-bacterial and reflective properties in everything from hospital paints to Band-Aids to windows”, reports Bloomberg, who expects the industrial demand to surge within the next few years.

India and China will need approximately a billion smartphones and tablets by 2020. Demand for silver is expected to remain buoyant and demand will remain ahead of supply.

“Over the next ten or twenty years, more and more people are going to be using these devices, however silver is a very limited commodity. “There’s just not a lot of it around” according to Keith Neumeyer, CEO of First Majestic Silver Corp.

It is this that most likely is what led a major Japanese electronics player to First Majestic in attempts to secure its’ future silver supply, which is a sign of a tightening supply.

“For an electronics manufacturer to come directly to us- that tells me something is changing in the market; I think we’ll see three-digit silver,” said Neumeyer to Bloomberg.

The Solar industry is booming, as well. Solar power is taking over conventional power sources and that is good news for silver, as the solar industry is likely to consume more than 13% of the total silver demand in 2016. Similarly, ethylene oxide producers will also consume 25% more silver as compared to the previous year.

“Silver demand had a phenomenal 2015, with retail investment and jewelry fabrication both reaching all-time highs,” wrote Frank Holmes of US Global Investors in a post in early July 2016.

On the other hand, silver mine production is expected to drop for the first time since 2002 as mining production dips 5% during the current year.

Why invest in silver miners along with silver?

After having established that silver prices are likely to increase further, due to supply shortage and increased demand, let’s review the best possible mode of investment in silver so as to maximize our profits.

During silver bull markets, the silver miners are favored by the investors while their prices increase much more than the price of the “white metal”. As the cost of production remains the same, the miners gain huge profits when silver prices move up.

Hence, traders prefer the silver miners, once the next Elliott Wave count is confirmed. This is the reason for the sharp 170% run-up in the stock prices of Silver Wheaton (SLW), a “blue chip” silver-streaming company.

Silver Miners will Outperform Silver in the Forthcoming Bull Run - Chart2

For every $1.00 increase in silver prices, the silver miner has increased by more than $3.00, which indicates that the silver miners are a better trade than the underlying metal.

However, when silver corrects, the silver miners tend to underperform the “white metal”. The silver miners behave as the leveraged plays of silver which are rising and falling far more than the underlying white metal is.

The Global X Silver Miners ETF (SIL) offers an excellent opportunity to the investors to enjoy the advantages of the silver miners with reduced risk, compared to owning single mining stocks. The ETF has seen a whopping rally from its’ lows of below $15.00 to the current price of $51.59.

Silver Miners will Outperform Silver in the Forthcoming Bull Run - Chart3

Even after the phenomenal rise, the ETF is still well below its 2011 high of $94.00. (as shown in the chart below)

Silver Miners will Outperform Silver in the Forthcoming Bull Run - Chart4

Traders can keep an eye on SIL to accumulate on dips.

Conclusion:

Silver has put a bottom in place and will continue to move even higher, in the coming months and years. In order to benefit from this rise, traders should keep an eye on the silver miners, which act as leveraged plays for the underlying ‘white metal’. With silver booming, silver miners’ prices will continue to skyrocket higher.

However, every rally faces corrections, hence, the right time to buy is when the “risk-reward” is favorable. Keep following my articles and analysis for the right time to enter this ETF.

Stock & ETF Trading Signal Newsletter: www.TheGoldAndOilGuy.com

Chris Vermeulen

 

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Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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The Morgan Report’s Weekly Perspective August 13, 2016

 
The Morgan Report’s Weekly Perspective August 13, 2016

http://wwwTheMorganReport.com

The Morgan Report’s Weekly Perspective is a free weekly update with David Morgan. Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware.

Here are many benefits to joining our free newsletter.

Every week, you’ll receive my exclusive analysis of the markets along with profitable investing insights you won’t find anywhere else. We keep you informed, aware and awake to what is going on in world.

Plus… you get some very valuable special reports. Some that were only previously available to our paid members.

 

Special Riches In Resources Free Report

Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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Why You Should Prepare For Imminent Economic Collapse

 
Why You Should Prepare For Imminent Economic Collapse, Silver Guru

David Morgan | www.themorganreport.com
Is a major economic downturn about to happen again?
Will physical silver in your hands help you to survive it?
During the last great economic depression 10 million people in the United States starved to death at a time when 90% of people lived in rural areas growing their own food,
Today, 90% of people live in cities and don’t.
So just imagine the chaos when there’s no more food on the shelves!
An insight into the interesting world of silver, the markets, coinage, exotic technologies, health breakthroughs and more!
Silver isn’t just some shiny substance to invest money in,
It’s an extremely important element without which our modern technological age could not exist!

 

Special Riches In Resources Free Report

Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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GOLD TO THRIVE IN A FIAT PONZI WITH NEGATIVE YIELD

 
GOLD TO THRIVE IN A FIAT PONZI WITH NEGATIVE YIELD

I came across a very interesting article by David Rosenberg titled “Bonds are the new stocks and stocks are the new bonds”1 in which, Mr. Rosenberg made several astute observations:

D. Rosenberg, “Bonds are the new stocks and stocks are the new bonds” Financial Post (22 July 2016)

“…as the first of the boomers turn 70, [2016] was the year that for the first time ever, roughly $13 trillion of global government bonds slipped into a negative yield. Another $14.5 trillion reside between 0 per cent and 1 per cent. So consider that over three-quarters of the world’s sovereign bond market trades at 1 per cent or lower. Barely more than $2 trillion or 6 per cent of outstandings provide a coupon better than 2 per cent….

And pundits wonder why the stock market keeps going up.

…for these income-starved boomers, the equity market has become a more effective vehicle in terms of delivering income than the bond market.

Consider this: the S&P 500 delivers a 2.1 per cent dividend yield while the 10-year U.S. Treasury note yield stands at 1.6 per cent. The dividend yield on the TSX is 2.9 per cent, very nearly triple the 1.1 yield on the 10-year Canada.

…the S&P 500Uutilities [sic] sector is very pricey with an 18.8x forward price-to-earnings (P/E) multiple, a two-standard deviation premium above its historical average…. Too rich, according to many investors and warnings [sic] signs abound that sectors like this [sic] are in a bubble and ripe for a major correction.

I’m not so sure about that happening unless we get a big run up in bond yields, because the S&P 500 dividend yield in the utilities space at 3.25 per cent is more than double the 1.6 per cent yield on the 10-year T-note.

All else equal (which I know is never the case), the price appreciation in this sector that would end up equilibrating the dividend yield with the bond yield would be more than 100 per cent….

For the TSX, a 4.1 per cent dividend yield in utilities is triple the 1.1 per cent yield on the 10-year Canada bond, and if it was the price of this equity sector that did the lifting in terms of aligning these two yields, the price gain would be closer to 160 per cent….

The Canadian bank backdrop is even more dramatic — a 4 per cent+ dividend yield which is four times the 10-year Government of Canada note yield. Hang on to your hats, but a price move that would allow for a recalibration of TSX Banks’ dividend yield to the 1.12 per cent level of the 10-year GOC note yield, would require that the bank index surge 260 per cent.

…So if you are buying government bonds, expecting a decent return at the current puny level of yields, you are chasing the price. You are a speculator focusing on price, not yield.

…If you are buying equities at current sky-high prices, you are chasing the yield. The mirror image of bonds [sic].

The Fed has already gone more than six months without raising rates after that December 2015 volley — shades of April 1997 — and again, history says that once the Fed has allowed this amount of time to lapse, even after but one hike, the next move is an easing, not a tightening.

…if the dividend yield-bond yield gap ever mean reverts,… it will not be through a return to higher interest rates, at least not any time soon.”

I also came across another very interesting article by Matthew J. Belvedere titled “Buffet says if the government did THIS the Dow could hit 100K”2 in which, Mr. Belvedere writes:

2 M. Belvedere, “Buffet says if the government did THIS the Dow could hit 100K” CNBC (2 May 2016)

“Billionaire investor Warren Buffett told CNBC on Monday [May 2, 2016] just how important interest rates are to stock investing.

‘If the government absolutely said interest rates are going to be zero for 50 years, the Dow would be at 100,000,’ Buffett told “Squawk Box,” stressing he was speaking hypothetically. The Dow Jones industrial average closed at 17,773 on Friday [April 29, 2016].

In a CNBC interview [April 29, 2016], Buffett also spoke about interest rates. ‘If you had zero interest rates and you knew you were going to have them forever, stocks should sell at, you know, 100 times earnings or 200 times earnings,” he said.”

Buffet The Great Debate
http://www.cnbc.com/2016/05/02/buffett-says-if-the-government-did-this-the-dow-could-hit-100k.html

How does negative bond yield affect gold?

Why would you want to own yen or euros with negative yield, when you can own gold? – the real money. As an added bonus, there is no quantitative easing (QE) with gold.

Gold To thrive goldchart

Gold To thrive FedFunds

Gold bottomed in December 2015, after a much-anticipated Federal Reserve interest rate hike – the first in 7 years.

Perhaps the market sensed that the Fed has done away with its interest hike campaign?

Gold To thrive INDU

The Dow Jones Industrial Average hit an all-time high in early July – does this chart look like a bear market to you?

Gold To thrive USB

The US 30-year bond price also hit an all-time high in July (record low yield) – does this chart look like a bear market to you?

What if Mr. Rosenberg is wrong, and the Fed stops QE and instead embarks on a Volcker-style rate hike campaign similar to the one used when the US Federal Funds rate peaked at 20% in June 1981?

In the unlikely event that the global economy miraculously recovers and the Fed quadruples the Federal Funds rate from the current, miniscule 0.5% to say, a tiny 2% in short order, dividend stocks would crater, and US bond prices would crash with hoards of speculative liquidity and baby-boomer savings looking for a safe haven – not exactly the recipe for a gold bear market.

Either way (hike or no hike), there is no place for the gold bull to hide. It took gold approximately 7 months to advance $250 and overcome major resistance at $1,300/oz from a bottom of $1,050. A reasonable target could be $1,550/oz ($1,300 + $250) by March 2017 – 7 months from now. Silver could follow a similar pattern with a near-term target of $26/oz.

Gold To thrive Gold

Gold To thrive Silver

I own physical silver and manage Prophecy Development Corp. (TSX: PCY) which engages in silver exploration.

John Lee, CFA.
jlee@prophecydev.com

John Lee

John Lee, CFA is an accredited investor with over 2 decades of investing experience in metals and mining equities. Mr. Lee joined Prophecy Development Corp (www.prophecydev.com) in 2009 as the Company’s Chairman. Under John Lee’s leadership, Prophecy raised over $100 million through the Toronto Stock Exchange and acquired a portfolio of silver assets in Bolivia, coal assets in Mongolia, and a Titanium project in Canada. John Lee is a Rice University graduate with degrees in economics and engineering.

 

Special Riches In Resources Free Report

Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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Silver Kangaroo Coins – Sales Surge To Over 10 Million

 
Silver Kangaroo Coins – Sales Surge To Over 10 Million

Silver kangaroo coins have seen sales surge to over 10 million coins which is double the expected demand for the year.

Silver Kangaroo Coins 1 oz (2016)

Introduced to the market less than 11 months ago in September 2015 at a launch attended by GoldCore, sales of the new release Perth Mint’s 2016 Australian Kangaroo 1 ounce silver bullion coin were anticipated to reach 5 million coins in their introductory first year. Yet sales of the silver coins have already surged to a whopping 10 million coins.

Commenting on the new silver coin’s worldwide success, the CEO of the Perth Mint, Richard Hayes said:

”Now that we can better gauge the popularity of the release, we predict sales in excess of 12 million this coming year.”

The Kangaroo coin is 0.9999 fine silver and it is only available in the 1 ounce size, unlike the Perth Mint’s other bullion coins which range in weights from 1/2 ounce to 10 kilograms. The 1 ounce weight was specifically selected for the new annual series because investors and silver stackers favour the size.

“These issues sell out of their limited mintages consistently each year,” the Mint said. “With this in mind, the Silver Kangaroo was issued in a 1 ounce weight only and to an unlimited mintage.”

Added as a counterfeiting measure, the first A of AUSTRALIAN includes a micro-engraved ‘A’ that shows up under magnification

“We made sure that the new Kangaroo satisfies investors’ key aims — to secure an asset which features an Australian icon — to secure silver at an affordable price — to add 9999 fine silver to their portfolio — and to stack precious metals in convenient one ounce coins,” Hayes said.

Bullion buyers and silver “stackers” in particular continue to accumulate. They see silver at below $30 per ounce as good value vis a vis gold ($1,360 per ounce), stocks and many other investments. Many believe, like GoldCore, that silver will surpass $50 per ounce again and should reach levels above $100 per ounce given the very favourable fundamentals of very little supply and robust demand.



U.S. Precious Metals investors click here to
diversify some pm holdings overseas.

 

 

We have to change the way money works by David Morgan

 
We have to change the way money works by David Morgan

David Morgan is an American author of the book “the silver manifesto”. He is a well known expert on all things silver as well as the precious metals market in general. He has appeared on CNBC, Fox Business as well as many alternative media outlets. He also made an appearance on the “Four Horseman” documentary which is available to watch on youtube. In today’s interview David discusses mankind’s follies with the current bleak economic outlook among other things.

David’s youtube channel is…
http://www.youtube.com/user/silverguru

 

Special Riches In Resources Free Report

Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.

Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!

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