David Morgan-US Debt Clock Shows Gold and Silver Way Undervalued
Join Greg Hunter as he goes One-on-One with David Morgan of The Morgan Report.
Regardless of the timing, all the big players agree there is going to be another big economic crash. Financial writer David Morgan thinks the elite are fighting over how the crash is going to take place. Morgan explains, “There is infighting at the top. The central banks really don’t know what to do, and they are starting to get agitated at the top of the pyramid. . . . As things start to deteriorate more and more . . . there is an instinctive ability of the human species to preserve what they have. There is infighting at the top. These people know this isn’t working, and there may be some really interesting discussions going on behind closed doors about what they really can do. The answer is they really can’t do much.”
On the U.S debt clock showing gold being priced thousands of dollars more than it is priced in the markets, and also silver priced hundreds of dollars higher, Morgan says, “I think it is $812 silver and gold $7,300. What that is is year-over-year increases in M2 money supply and yielding production of silver and gold in ounces. Or, you could say it’s the year-over-year production in ounces . . . and it’s an arithmetic problem. It’s dollars per ounce mined. As to why they are doing this, I don’t know, but I will take a stab at it. Maybe it is to get this out in the public where few are awake and aware. It’s obviously showing the gold/silver ratio is out of whack. . . . Both silver and gold are way undervalued.”
In closing, Morgan, who is also an expert in gold and silver, says, “Real wealth is what we can physically touch, and the market is going to reprice all of that. Gold and silver are a small subset of real wealth because that is physical money. If you look at farmland, skyscrapers, all the roads, all the minerals in the ground, oil and everything else, that’s the real wealth. What you do in a bond collapse is you reprice everything.”
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?