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“There Is True Value” and “Bargains” In Silver and Gold - Silver Guru
“There Is True Value” and “Bargains” In Silver and Gold - Silver Guru
With blood on the streets across the entire commodities sector, Future Money Trends interviewed ‘Silver Guru’ David Morgan of the Morgan Report about the outlook for markets and why he remains bullish on silver and gold.
David Morgan astutely noted:
“At this moment in time, that we are truly at a level that it is really only the ardent silver bulls and resource investors who truly understand where we are in the market. Not only are we skipping along the lows, perhaps we can go lower, but there is true value here - in all aspects - not only in the gold and silver but also in the natural resource sector as a whole with bargains all over the place".
People understand nothing lasts forever. The bottom does not last forever. You want to buy low and sell high.”
Futuremoneytrends.com Silver Sumit 2015: David Morgan Silver Update
According to Future Money Trends:
David’s analysis of the Federal Reserve (FED) is that they truly are in a real bind here. They want both a weaker dollar and for the dollar to remain the reserve currency. With a huge multi-year trend out of the dollar for major transactions amongst some of the top countries in the world, like Russia, China, and Brazil, the FED is likely now being forced to raise rates.
Though the rate increase will be meaningless for the most part, the FED needs to shore up support for dollar denominated transactions. An attractive dollar means the FED remains the manager of the top reserve currency of the world.
However, David said to expect the FED to quickly do what they can to weaken the currency later in 2016.
At the core of all of the world’s problems is debt. David believes that it is the ultimate debt bomb that will spark an avalanche of demand into anything precious metals.
He noted the supply and demand concerns for physical metals, but said the real market to watch is the debt market.
Watch:
- Interview with David Morgan at Silver Summit 2015
- David Morgan's “All You Need To Know About Silver In 60 Minutes” Webinar
Read more on the GoldCore.com blog
DAILY PRICES
Today’s Gold Prices: USD 1078.40, EUR 985.60 and GBP 715.38 per ounce.
Yesterday’s Gold Prices: USD 1071.75, EUR 988.43 and GBP 714.79 per ounce.
(LBMA AM)
Gold price performance
Gold closed up slightly yesterday by $1.70 to $1074.60. Silver was down $0.12 at the end of the day to $14.16. Platinum lost $8 to $841.
IMPORTANT NEWS
Gold adds to gains but looming U.S. rate hike weighs – Reuters
Gold ETP Sales in Longest Run Since March as Rate Increase Looms – Bloomberg
Gold posts modest gain as stocks, dollar fall – MarketWatch
U.S. Stocks Decline After China Trade Data Add to Growth Concern – Bloomberg
Indian industry group to launch first physical gold exchange – Reuters
IMPORTANT ANALYSIS
Let’s Meet The (Wildly Diverse) Gold Standard Family – Forbes
Sweden Declares War on Cash, Punishes Savers with Negative Interest Rates – GoldSeek.com
Why the state wants to stop you wandering off with your cash – MoneyWeek
Straight Talk: An Interview With Ted Butler – Gold Eagle
Greece’s Five Ticking Time Bombs – Bloomberg View
Read more News & Commentary on GoldCore.com
Download Essential Guide To Storing Gold Offshore
Breaking News and Research Here
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If you did what the PM peddlers recommended EVERY MINUTE over the last FIVE YEARS, ie bought PMs, then you have had ZERO income and HUGE capital losses.
If you did the OPPOSITE of what the PM peddlers recommended EVERY MINUTE over the last FIVE YEARS, ie bought US Treasuries, then you have had up to 4% interest income and HUGE capital gains.
Yes, this IS an IQ test.
Depends what side of the fence you sit...I bought a lot of silver under C$20 per oz in the last three years, and now with the Canadian dollar down the coins are worth $24/oz. Not that I'm speculating on them to sell.
How about ten years? 25 years? 75 years and 100 years?
THIS IS AN HONESTY TEST AND YOU JUST FAILED
Good long-term strategy for a 1-year old.
Here is the scorecard:
PM Cult Prediction Reality
HyperINflation HyperDEflation
USA Treasuries abandoned, worthless Treasuries give HUGE profits
USD abandoned, worthless USD at RECORD HIGH
USA economic collapse + depression Stagnation at ~2% growth
PMs preserve "value, wealth" PMs DOWN ~40% AND more
The ONLY people WORSE than the FED at predicting and forecasting the future are the witch doctors and PM peddlers of the PM cult.
Still the PM peddlers keep transmitting their fantasy and hype on overdrive, on TV, radio, billboards, web ads, blogs, etc, and many people who cannot afford the loss of their precious limited savings, ESPECIALLY THEIR IRA/401K, are still seduced and beguiled by the continuous hype about collapse, depression, apocalypse, etc into squandering even more of their savings on the zero-income free-falling LOSER that PMs are.
My Grandmother bought an Oz of the 'shiny' the year I was born '75 for $150, kept it in her jewellery box until my Mother found it when Granny died in 2010.
It was meant for me, but Mother's riddled with cancer, told her to sell it and book herself a nice holiday....she did...$1500...What's that? 1000% increase?
True story.
Oh, by the way, she went to Turkey (Yeh, yeh, I know...of all the bloody places) but she had a great time.
Here's the new scorecard.
Pliskin's mother/Granny/Gold = 1
InnVestuhrr = 0
your right, I give up, going all in USD, fuck it, only makes sense, the 4 billion plus chinese , russians, Indians, etc buying every oz the west will provide know nothing. Lets stick with the debt based , leveraged, fractional reserve system. What could go wrong? fuck off , with your garbage trolling
gold up 105% in ten years.
Are you willfully lying or just trying to sound retarded?
Yep...I bought gold at $454 oz in 2005. These whiny guys probably bought at $1900 and yet call us stupid, lmao.
PMs can't be worth anything.. Crooks never even bother breaking glass to get it.. Most people just toss it on a counter like candy free to grab..
Why when my Dad died he told us all, don't even mention it..
I just stacked 100 5 OZ Sivertowne Eagles for under $15/oz each. I strongly disagree with those who say you should not expect to make a profit when buying silver. When you buy anything whose price has been artificially manipulated down you should expect one day to make a profit, until then you have the store of wealth/insurance thingy. It's a win-win situation.
'5 OZ Sivertowne Eagles for under $15/oz each.'
Care to share the name of this wonderful dealer? Maybe you meant 1 oz?
He meant 5, 15 $/oz x 5 oz = 75$ for each 5 oz coin. He was stating the value normalized to 1 oz.
I'll be buying all the silver I can stand at $9 / oz in 2016. Stack that and take it to the bank. You guys just keep on buying PM.
Plus it's fun to look at :)
100 oz bars make for one hell of a blunt force injury when hurled or used as a club too....If I throw a bar at you, you are going down, Guaranteed!
If you spent the rent on buying silver or gold in the hopes of getting rich, then you have my sympathy. If you bought it like I did with money you did not need and just stacked it, then relax. Weak hands are being sorted out.
Pm's arent for making a profit. They are to preserve what wealth you have while riding out the shit storm that approaches. Once the storm is over and valuations stabilize then the benift of PM ownership will be obvious. You just have to keep your ass alive during the SHTF. The SHTF is not a buy the dip, but survive the dip!
we few, we happy few, we band of silver holders . . .
PMs, the magic metals that "preserve value", have been one of the BEST ways to lose BIG money in the last FIVE years, FIVE years, FIVE years FIVE years - WOW !
Question for my fellow stackers.
Have any of you noticed the anger in the tone of the metal detractors posts?
Not just this thread but everytime a metal thread starts?
I think it's because deep down they know it will do phenominal at a later date and they also know that as long as part of their job entails asking me "Would you like fries with that" they can't stack!
Poor bastards. Sucks to be them.
They don't realize you can diversify when buying to hedge your investment. Do you detractors think a 130yr.old silver dollar marked "cc" is worth market weight? How about Vintage poured and numbered 10 oz bars? Even some years of coins just 20 yrs. old vs new?
You never tell us the underlying reasons we're fools over say 5-10years. Just that we are.
"First they laugh at you.............................................................
If I recall corectly it will be 2 years this spring that the billionaire Eric Sprott sold a boatload of silver at pretty much the then going price of around $20.00 an oz. and all you detractors just knew that was proof that Sprott was wrong and the market was going south.
Your ignorance would'nt allow you to learn that he paid $4-$6 for it.
This is why he is a billionaire and you are in contention for the Darwin award.
Fuck you, go ahead and depend on psychopthic politians and bankers to "preserve value" of your paper, and we'll take our chances with PMs
You only gain or lose money when you sell... how do you know I'm not holding it for 40 years? what business is it of yours anyways
Why not comment on 10 years, 20 years, 50 years, or a hundred years, dooshbucket?
Phyz has not been a winner these past 5 years. Maybe I should sell all mine and buy crude? No one says go all in on AU/AG. It's a small part of an investment plan and the idea is someday it will go up so buy it on the way down. If it goes down for another 5 years, hope your other 85% of investments do better. I don't have the answer and a site selling AU/AG probably does not have the answers. I'll keep stacking on the way down and one day will be smiling or melting the shit down for ammo.
Paper's fine for wrapping fish,
Wiping your ass, or making a wish,
But if you want your net to be worth,
Silver's what you buy, of courth!