Haven't you heard that it's not an "investment", that it's a place to park your money instead of in depreciating assets? Just forget about it. Hide it away but don't forget where you hide it and what the combination is.
I think of silver as a savings account . It's not an investment in my opinion. An investment usually involves a 3rd party using your money to make money. Silver pulls your money out of the system and puts it on a shelf.
Yeah, investments make a return on your money. Silver, well silver is just crap. Before long you will need to have a 200 percent increase just for what you missed in the greatest market bull run ever. Each to their own I guess.
I am expecting this as well. Logically thinking and taking into consideration the uses of both gold and silver, regardless of the raw out of ground ratio, silver becomes vastly more rare than gold. The bankers know this as well which is why they have removed it from our coinage.
I am so tired of this speculation. I respect David, and all the others in the community but i just don't know if we will see price realization when this society is still being run by the same bankers. Its just a good SHTF insurance policy that's it for me.
Almost out of the banking system. Just enough left in there for utilities and CC. Bought another Morgan monster box last night giving me around 3500. I thought I was all done buying but the banks are getting really bitchy when you try to take cash out of your account. So buying metals online circumvents that hassle. My fear is hearing all these coin shops having their banks cancel their accounts. Where will I liquidate my metals when the SHTF?.
They are not insane. They are basing their arguments on reasoning and future logical outcomes. It is the market riggers that control spot price and the fact is that spot price is behaving insane and not behaving according to supply-demand economics. As Andy Schectman has said many times, this whole market is counter-intuitive, meaning it does not make sense because prices are rigged.
Once the photography industry collapsed due to digital technology the price of silver tanked. It used to be within a ratio of 12:1 silver to gold. It’s now 80:1. That’s how undervalued silver is compared to gold. I can see silver easily reaching $220 US ($300 CDN) per ounce even before gold starts to climb.
Silver and gold are essential in a portfolio. But patience is even more essential. They aren’t assets that you can flip and make a profit on. They are to buy and hold as a store of wealth. They might not make you rich, but you won’t lose the shirt off your back either.
Exactly. How many ounces of silver did you buy when it was $1.25 US an ounce? Or gold when it was $35 an ounce? The first house I bought I paid $24,000. It’s now worth 1.5 million and it looks the same as it did 65 years ago.
Silver prices are manipulated for consumers of silver. Solar panels are what keeps prices low. The green economy needs cheap silver and the banks manipulate prices to make that happen.
You are so correct, until the bank manipulate stops, for various reasons, and you are in the correct place. Look, view this in another way. Now do you think that a championship baseball team is a champion team before the last inning and the pitcher is at bat and bases are loaded and the count is 0 x 2 and the crowd (you all) think the game is over, and poeple are leaving the stadium, going to there cars, and the crack of the bat and the hit flys out of the stadium for a home run. 4 runs cross the plate, count them, and the game is a win 4 runs to 1. You will be in your car not seeing the game winning hit, if you continue to think like you do. GOOD LUCK
I'm a Silver horder buy low & waiting again for a repeat of 2011. But I liked very much March of 2020 for buying. I'm new here for the 1st time viewer.
Awesome interview Mr. Day and Mr. Morgan. We appreciate the educational content. I'm hoarding Silver Eagles. The Financial system is definitely BLOWING UP. It's starting in China and begins with CRE in the States.
I said the same thing a couple weeks ago on one of Bix's podcasts...we are going to see...IMO...a AG/AU price inversion in the future. Of course everyone says I'm nuts.
I don't believe David said that. I believe what David was talking about is that silver will outperform gold. By the way, the title of the video is misleading.
I believe it will outperform Gold BY PERCENTAGE. The ratio of Silver to Gold being 80 to 1.... when that goes to 20 to 1. For example, if that happen ..if Gold went to 2200 Silver would go to 110.
I'll take that bet .. Precious metals have been munipulated by the federal reserve since 1913 . The BRICS nations announce on August 22 they are starting their own precious metals backed currency the American dollar is going to be worthless once all of our money returns to America.. over 100 countries have stopped accepting American money already. Here's another fun fact there's more gold in the world than silver.... silver and gold WILL flip flop in value... Mark my words
Rarer than gold indeed and David's comments re no great investment fund buying of silver (YET), lends the situation open to a massive explosion at "buy" time. David is a great commentator in the silver space I reckon and terrific to listen to. Silver (and gold, but particularly silver) is a bomb waiting to go off.
I had to sell a $500 face value bag of 90% silver dimes to help a friend. Got around $8000. Sells for $11700 on that day. Huge spread. Will never own it again. It’s like buying a 20% front loaded fund.
It is also like buying "Numismatic Collectable Coins". Your better off buying from the shadiest "USED CAR SALESMAN" where you are getting bent-over for about 30% more than its' worth and you will need to put 40% into that "Used Vehicle" to make it reliable. "Numismatic Collectable Coins" are the biggest "RIP-OFFS" SATAN ever created. Oh, but it's worth 4 times as much as what you paid for it (B.S., it might be in 10 years).
You got exactly the value in silver, what you didn’t get is the premium a dealer charges, that’s the price of doing business. Next time you need to sell, look for someone other than a dealer who has to pay rent/electric/salaries etc…
@@glockman155-mw6qb I tried multiple stores online and in person. Sorry but silver is a bad investment due to spreads. Just my opinion. I’ll keep stacking JEPI, JEPQ, TSLY.
This was one of the best David Morgan presentations I've seen in a long time. Your questions were great, and his responses remarkably full of information. Kudos to you both. [A note to DM -- ALWAYS drink a full 8oz of water (nothing better than water) prior to an on-screen performance. Throat-clearings will simply evaporate.]
Those days are coming back for sure David. We both know the intervals of price suppression followed by sudden periods of volatility in both the commodity metal and producer shares are an artifact of price "management."
So I must have missed David’s assessment on the price if Silver other than calculations and what could be…geesh. Do with gold currently at acquisition of 2000 a 16:1 ratio would make Silver 125/ounce.. yikes, wake me up when this insanity manifests into reality 🎉🎉🎉
It's lunacy. There is no reason silver should maintain any particular ratio to gold. One is a monetary metal, the other is an industrial metal. Central banks buy gold as a reserve asset. They don't buy silver. Chinese, Indians, Turks all buy gold, they don't buy silver.
Hot tea David.. Get yourself some lemon ginger with a hint of peppermint, will help.. Add honey to liking 🍵😋👍... Anyways, thanks for your time and the video guys.. I hope my decade of stacking silver and precious metals pays off... ( mining stocks as well I hope🤞).. By the way David, I think your right, at least in my circle of friends... most of us have about 50 to 100 oz we are willing to sell when there is a run-up.. but the majority of my stack is going to be sitting there until retirement because a long time ago in the early 2000s, I figured out that our social security system and retirement system was never going to hold up I mean if I could figure that out as a kid I'm sure others did too.. I guess I was just lucky enough to hang around the right people and learn the right things... I just hope others wake up before it's too late... (my mining picks for this year are: ticker - DNN, SLI, IAUX) and plan on picking up one more company in silver by end of month... anyone have any suggestions for company with market cap around 500 million or so
JP Morgan Chase JP Morgan now holds 133.1 million ounces of physical silver and the world record for most silver held under one name. Today, it also owns 50% of the world's COMEX silver bullion.
That’s a bold statement coming from David Morgan who is very cautious and conservative. Silver is still manipulated by JPM as of 9/4/2023. As long as this happens silver ain’t going nowhere. The central banks are very powerful and intervene in the markets to make them look like they are brilliant. I have been invested in silver since 2008 and have heard it all. I bought the dips, subscribed to their newsletters, read the books, and listened to their comments. The silver gurus have made predictions and have been wrong. In 2011 when silver hit $50.00, they all had orgasms, we’re holding hands and crying. They still predict and eventually they will get it right and then they can go and write their books on how they predicted the price and bull run. David’s last prediction was that you will be very happy in 2030 if you still own silver. 7 years from now! Let that sink in!!!
Everything moves in cycles sorry you didn't get it. USD is at the end of its cycle. Banks in US will go the way of movie theaters, they'll be a whole lot less of them and they won't be as exciting. Real estate will tie you up and hold you hostage for zombie government taxation to feast on you. I have owned T-Bonds, property, energy, retail.. You name it. The current recession is going to become a depression. Everything is a cycle.
Hyperinflation and global war will create instability within the next 2-3 years. That's why countries and banks have been buying gold and common people silver.
The wealth you all chase is not a options trade made normally in a 30 day bet on margin. Your inablity to understand wealth building is a cycle that takes a lifetime, and has great rewards when conducted correctly. Impatience makes for looses. Your time frame in your words are concerning, some it takes an entire lifetime of study and planing, and then tweekings, to others that gain wealth quickly it is an accident they are wealthy. Truely so if you really study it, and stop crying in your soup about how many years. I decided impatience is a trip burdeon I do not need I gave it up a long time ago. Did you ever see the signs that would bite you dead if it was a poison snake, most wealth is commanded, and owned by old people?????? Did you ever take a lesson from that in place of complaints. You occupy your time with non-nurturing study.@@84wildstyle
I believe silver will rise...I even believe its price can double in the next five years but the thought of silver price surpassing gold price that's a far fetched dream.
Historically silver was 12:1 with gold. You paid the bartender with silver coins not gold. Gold is kept underground where it originated. Silver is a more practical medium of exchange and is undervalued at around 80:1 with gold.
What happens when the economy goes bust and the people use/buy less and less solar panels. The industrial demand for silver will tank IMO. What I want to know will that make the price lower or higher with less demand🤔? If the economy is bad and it's going to get worse before it gets better IMO.
The decrease in silver mining output such as the world's second largest silver mine closed permanently in Mexico last June. It takes a minimum of 5 years to open up a silver mine plus the political powers are oppressing the price with a rigged short market by JP Morgan. Do the research and track the demand trend versus the decrease of supply trend .
All these predictions are nothing but appealing to the hope of people that have some silver or gold. Soooo many solar panels were installed in the past few years. And? Hardly any impact on the silver price. If all these installed solar panels and 100thousands Teslas didnt do anything, why would anything spectecular happen in the future?
It is the anticipated growth in those markets that those price jumps are predicated upon. Keyword is anticipated. Plenty of roadblocks and black swans in the way though.
David Morgan and others have been saying for over 20 years now that silver is going to rise until the manipulation of the stock market stops which isn't going to happen from the big boys silver is just going to hover at 25-30 for eternity
But when the manipulation is removed it's free to go vertical. It's the removal of the manipulation by the top 1% and the central banks that's coming which will change financial history. If you don't believe in a coming change, then you're correct...manipulators will continue to suppress metals.
If I had existed and was around 10 years old in the year 1960 to 1964 I would have dedicated myself to collecting quarter dollars, it was 90% silver, weight 6.25 grams, now the spot price is around $4 for each 1, don't say that the Silver does not accumulate value. What happens is long long long term. Patience
In 1960, at age ten, allowance was about 25 cents a month. Cutting someone's lawn was 25 cents. Hourly wage was, well, look it up. I was age eight in 1964.
@@MrBluegrassfiddler como sea en los 1960 eran creo $1.25 la hora ahorro 0.25 o 0.50 centavo cada hora en el mañana hiciera algo de diferencia en ahorro
nickzema4683, it saddens me to think you know every reason silver will go up and you say it won't. Is it you do not believe your own research, or the research of others, I hope you did read the history of silver, and the prospect to incerase in value significantly is??????? did you. one other thing, are you invested in equities, or in hard assets, or rare art, or in realestate, or in CASH now. If you see something in those assets that is consistent with review, and placing a investment do you quesiton those other assets when you see positive reason they should go up??? You realy sound like a noninvestor, with no method to finalize making a profitable investment. Why do you tell others your in cabable of evaluation??? and placement of sound principals of investing??? By doing so are you attempting to influence or what is your agenda???? You sound like a beginner options trader, on margin in other space investments that mad very poor choices and cant find a clear review method to proceed. LIke your frozen in space, or you are so devistated for some reason you move like a sloth, so slow that the movement is not significant used in the current markets. For some people it is better to be a debtor, yes, I will not go into the details for my statement here, for some people it is better to be in CASH. For some it is better not to invest at all. Yes, you sound like your there, somewhere. I am puzzled with your explaing here?
a table needs no fewer than 3 legs to stand. No wonder we used to have copper/silver/gold as the currency system. Universally used metals that are safe enough to handle and well understood.
Stackin is preppin not investin. People have died waiting for metals to break free from price control. Metal bugs are as willfully ignorant of reality as the normies now, just from the other side of the table.
🤪 Solar panels short lifespan and weather damage had entire solar farms going to landfills. Insurance companies are dropping home owners who have solar panels installed. Just as the EV trucks are worthless, the cost of replacing car batteries exceed the price of the used car prices.
Global warming, son, Global warming. The average temperature here in Texas this summer was the hottest ever. Gotta do something about it or we're all going to fry to death.@@stuartmoore6310
Have you checked the price to get one ounce of silver out of the earth in raw unrefined form lately. The $12 is grossly inaccurate, based on my research. Then add assey costs, refining costs, and shipping and handling to the end use, and total overhead to attain the end use of silver. Your cost is needing your re-review, at least my research shows such.
@george0r510 even if it were $25, same same. There's no precident for a commodity profit to exceed its costs that much unless you were talking about BTC 10yrs ago
Silver will alway be worth something. To make a higher price, make something out of silver such as jewelry or other things of silver that you can sell. Don't just look at silver as coins or bars..
The wishful thinking that silver will skyrocket...this is a never ending story. It's simple stack if u don't trust banks or become a dealer if you're looking to make money at it then u can get dealer pricing.
"20 years?!" In 2008 I was buying silver at $8/oz.. Back then you got "real" rounds, like an Elvis Presley I sold for $250, and John Deere's sold for $125!
Silver is 1 of those assetts that might take 10or 20 years to make money at,if you are lucky you could do it in under a year like March 2020 spot price was $12 8/9 months later it was $28.😅😮
Solar Panels have lifespans of 25 to 30 years. By 2030, many Solar Power Plants built around year 2000, will need to be upgraded with new Solar Panels. I don't know how much Silver if any is recoverable from old Solar Panels. I expect a great deal of Silver will be needed shortly as Solar Panels in Solar Power Plants reach end of life. Eventually Silver consumption for Industrial use may exceed Silver production and recovery. Thankfully, not much Gold is needed to maintain Industrial Society. For now, a great amount of Silver is required. I expect more Silver to be used in Industrial Applications such as Electric Motors and Generators because of it's low Electric Resistance, and high Heat transfer properties. When used for such applications, Silver is 100% recoverable. Unless Material Science can come up with something similar to Silver, we should expect more Silver use over Time. It's reasonable to assume Silver Cost will increase relative to Gold. By 2030 this may be easy to see as Solar Power Plants around the World need new Solar Panels. Due to Anti Microbial Properties, Health Care may also begin using much more Silver such as Nano Silver in Face Masks which will have poor recovery abilities.
@@zach464 For now, Silver is still a great deal. Deep Sea and Asteroid Silver is going to cost a great deal. 68 million to launch a low Earth Orbit Space X Rocket. Going past Mars to the Asteroid Belt and Back will cost 10s of Billions. I don't know about Deep Sea, I'd imagine it's costly.
Also when we used gold and silver back currency the government set the price of gold. Will BRICS currency set gold at $1,600 and $25 for silver. I think that will affect the prices here in the US with metal's.
1 to 8 is the ratio I have always known. Thats the actual mining ratio. The price of silver is being held artificially low. Pathetically low. Its the buying opportunity of a generation.
Are you talking physical or paper silver. Physical silver is very heavy and volunmiinous for its value. Pulling it out of the ground is a major cost factor. You cant walk far with slot of silver. For barter having silver dimes makes alot of sense. Au,Pt. & Ag are all safer than paper anything now.
Fair chance that silver wiil be used to partly back the new digital sterling pound, when the new digital monetry system is underway by early 2026. Its worth stacking it high.
Silver rounds retain parity over the years. Gold even more so. Probably good to hold some if you are young, of find an old relative holding some. Likely he'll croak before silver runs hard. First one to the house gets the box key.
83 to 1?! Thats paper silver used by Chase to manipoulate the silver price/market. Thats INSANE!!! My Ecuadorian mother used to say, "Plata es plata y lo demas es cuento!"
The description of gold to silver ratio was incorrectly stated. The correct interpretation is that SPOT gold is priced 83 times higher than SPOT silver. Today, Sept. 4 2023, for example, you have the choice of spending $2045 for a gold Eagle, or buy about 75 silver Buffalo rounds at $27.24. The reality of the matter is that if you walked into a coin shop intending to swap your gold Eagle for silver, you would more likely walk out with 55 or 60 ounces silver rounds, and that is due to transaction costs and premium over spot.
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silver is the most exhausting investment ever, makes me tired just thinking about it.
Truer words were never spoken!
Haven't you heard that it's not an "investment", that it's a place to park your money instead of in depreciating assets? Just forget about it. Hide it away but don't forget where you hide it and what the combination is.
I think of silver as a savings account . It's not an investment in my opinion. An investment usually involves a 3rd party using your money to make money. Silver pulls your money out of the system and puts it on a shelf.
Yeah, investments make a return on your money. Silver, well silver is just crap. Before long you will need to have a 200 percent increase just for what you missed in the greatest market bull run ever. Each to their own I guess.
The worst kind of Investment
The people that don't know who owns the Federal Reserve are the people that don't understand why silver is going to skyrocket
"Hold!....Hold!!!!...HOLD!!!!!!" - Maximus Meridius from the movie 'Gladiator
I’m happy to be holding metals even if in the short term it goes down.
I am expecting this as well. Logically thinking and taking into consideration the uses of both gold and silver, regardless of the raw out of ground ratio, silver becomes vastly more rare than gold. The bankers know this as well which is why they have removed it from our coinage.
No one is saying the price will surpass gold, only that it will rise higher in percentage terms.
Agree
I am so tired of this speculation. I respect David, and all the others in the community but i just don't know if we will see price realization when this society is still being run by the same bankers. Its just a good SHTF insurance policy that's it for me.
Or a treasure chest you can dig into when you need it or that your kids will find.
Its for shtf and its for 20 years from now
Yeah, I've been waiting for 5 years
@@evinwhiteson4902at least 20
I'm in somewhat of a similar position, I don't look at it as an investment I hope that will go up, but insurance.
Almost out of the banking system. Just enough left in there for utilities and CC. Bought another Morgan monster box last night giving me around 3500. I thought I was all done buying but the banks are getting really bitchy when you try to take cash out of your account. So buying metals online circumvents that hassle. My fear is hearing all these coin shops having their banks cancel their accounts. Where will I liquidate my metals when the SHTF?.
Exchange pm for land, food, etc. Real tangible assets.
Hopefully the same place you bought them
Interesting points, the coin shops having their accounts canceled seems like it could be something worth paying attention to.
The expectations from the "experts" are getting more insane by the day like everything
They are not insane. They are basing their arguments on reasoning and future logical outcomes. It is the market riggers that control spot price and the fact is that spot price is behaving insane and not behaving according to supply-demand economics. As Andy Schectman has said many times, this whole market is counter-intuitive, meaning it does not make sense because prices are rigged.
@@MrBluegrassfiddler this will never change, these clowns have been repeating themselves for decades which is insane.
Once the photography industry collapsed due to digital technology the price of silver tanked.
It used to be within a ratio of 12:1 silver to gold.
It’s now 80:1. That’s how undervalued silver is compared to gold.
I can see silver easily reaching $220 US ($300 CDN) per ounce even before gold starts to climb.
I just hope it rises in my lifetime!
Talk to the Devil and he agreed to your terms. Silver goes up in 6 months and the devil agrees that's your lifetime. 😂
Silver and gold are essential in a portfolio. But patience is even more essential. They aren’t assets that you can flip and make a profit on. They are to buy and hold as a store of wealth. They might not make you rich, but you won’t lose the shirt off your back either.
Completely agree with you here.
Exactly. How many ounces of silver did you buy when it was $1.25 US an ounce? Or gold when it was $35 an ounce?
The first house I bought I paid $24,000. It’s now worth 1.5 million and it looks the same as it did 65 years ago.
Silver prices are manipulated for consumers of silver. Solar panels are what keeps prices low. The green economy needs cheap silver and the banks manipulate prices to make that happen.
Not just solar panels. All electronics, all electric cars, all military weapons and equipment, all coinage.
You are so correct, until the bank manipulate stops, for various reasons, and you are in the correct place. Look, view this in another way. Now do you think that a championship baseball team is a champion team before the last inning and the pitcher is at bat and bases are loaded and the count is 0 x 2 and the crowd (you all) think the game is over, and poeple are leaving the stadium, going to there cars, and the crack of the bat and the hit flys out of the stadium for a home run. 4 runs cross the plate, count them, and the game is a win 4 runs to 1. You will be in your car not seeing the game winning hit, if you continue to think like you do. GOOD LUCK
I'm a Silver horder buy low & waiting again for a repeat of 2011. But I liked very much March of 2020 for buying. I'm new here for the 1st time viewer.
Welcome to the channel and thanks for watching!
We keep hearing for a long time that the silver price will rise; however, nothing happens
It climbs, soon to skyrocket. Has to, its in everything. Banks are hoarding it, but for how long? Greetings from Australia.
BS. I was buying at 9, and at 12 and at 14 and 16 and 20...
It's been heavily suppressed for a long time.
Just wait another 30 years and it will skyrocket for sure😊
Bank meltdowns will cause Silver to hit $60 before end of 2023. I have recently increased my stock position in Sandstorm Gold Royalties!
This comment didn’t age well
Awesome interview Mr. Day and Mr. Morgan. We appreciate the educational content. I'm hoarding Silver Eagles. The Financial system is definitely BLOWING UP. It's starting in China and begins with CRE in the States.
Thank you for watching!
if you are expecting that to happen then lead is a much better investment, specifically the copper coated kind.
I said the same thing a couple weeks ago on one of Bix's podcasts...we are going to see...IMO...a AG/AU price inversion in the future. Of course everyone says I'm nuts.
Silver is literally the only thing that costs less than it did in 1980. How does that make sense? Do the math. It is the best investment in my opinion
I've heard many people say the same, that it's currently one of the most undervalued assets.
No way will Silver ever rise above gold. Will never, ever happen.
I don't believe David said that. I believe what David was talking about is that silver will outperform gold. By the way, the title of the video is misleading.
I believe it will outperform Gold BY PERCENTAGE. The ratio of Silver to Gold being 80 to 1.... when that goes to 20 to 1. For example, if that happen ..if Gold went to 2200 Silver would go to 110.
Then why did gold surpass Platinum? It’s possible for silver to surpass gold next decade in case of a higher demand.
QUOTED: ''Silver Price to Rise More Than Gold ''(RISE). He did not say silver will be same price as gold.
I'll take that bet .. Precious metals have been munipulated by the federal reserve since 1913 . The BRICS nations announce on August 22 they are starting their own precious metals backed currency the American dollar is going to be worthless once all of our money returns to America.. over 100 countries have stopped accepting American money already. Here's another fun fact there's more gold in the world than silver.... silver and gold WILL flip flop in value... Mark my words
David "i've been wrong about everything for 10 years" Morgan
Rarer than gold indeed and David's comments re no great investment fund buying of silver (YET), lends the situation open to a massive explosion at "buy" time. David is a great commentator in the silver space I reckon and terrific to listen to. Silver (and gold, but particularly silver) is a bomb waiting to go off.
I tend to agree with you there, thanks for watching.
You don't buy silver to make money.
You buy silver to HAVE money.🍷😎👌
Completely agree with you.
Getting a better exchange rate between money and the official currency is the real quest.
I had to sell a $500 face value bag of 90% silver dimes to help a friend. Got around $8000. Sells for $11700 on that day. Huge spread. Will never own it again. It’s like buying a 20% front loaded fund.
You’re a good friend!
It is also like buying "Numismatic Collectable Coins". Your better off buying from the shadiest "USED CAR SALESMAN" where you are getting bent-over for about 30% more than its' worth and you will need to put 40% into that "Used Vehicle" to make it reliable.
"Numismatic Collectable Coins" are the biggest "RIP-OFFS" SATAN ever created.
Oh, but it's worth 4 times as much as what you paid for it (B.S., it might be in 10 years).
You got exactly the value in silver, what you didn’t get is the premium a dealer charges, that’s the price of doing business. Next time you need to sell, look for someone other than a dealer who has to pay rent/electric/salaries etc…
@@glockman155-mw6qb I tried multiple stores online and in person. Sorry but silver is a bad investment due to spreads. Just my opinion. I’ll keep stacking JEPI, JEPQ, TSLY.
I love how this newest generation has no patience, Im buying. Silver stackers cleaned up in 2011. Historically cheap. You just need patience.
Very well said, it feels like people want instant results these days.
Banks are pulling accounts from coin shop owners, it’s getting serious.
I've seen a few videos of coin shop owners talking about this, disturbing if true.
One hundred percent TRUE !!! Sliver has been and will continue to outperform gold shining bride in pm market
This was one of the best David Morgan presentations I've seen in a long time. Your questions were great, and his responses remarkably full of information. Kudos to you both. [A note to DM -- ALWAYS drink a full 8oz of water (nothing better than water) prior to an on-screen performance. Throat-clearings will simply evaporate.]
Glad you got value from the conversation and thanks for watching!
I Like David but hearing the same thing for many many years.. Silver stagnant
Those days are coming back for sure David. We both know the intervals of price suppression followed by sudden periods of volatility in both the commodity metal and producer shares are an artifact of price "management."
It's just hard storing it ugh.
As long as Comex, JP Morgan and the FED exist, this won’t happen. Be sure.
The BRICS will have have something to say about it. Amerikkka and the West's strangle hold is just about finished😎
@@BrokenChains77A "gold backed BRICS currency" will NEVER happen 😂
NO! Another 200 years of complete dominance of the US dollar, at least!@@jisskk28
So I must have missed David’s assessment on the price if Silver other than calculations and what could be…geesh. Do with gold currently at acquisition of 2000 a 16:1 ratio would make Silver 125/ounce.. yikes, wake me up when this insanity manifests into reality 🎉🎉🎉
It's lunacy. There is no reason silver should maintain any particular ratio to gold. One is a monetary metal, the other is an industrial metal. Central banks buy gold as a reserve asset. They don't buy silver. Chinese, Indians, Turks all buy gold, they don't buy silver.
...prices begin to rise as the maturity of fiat money diminishes (less duration at sidelines). This will happen through a psychological domino.
Hot tea David.. Get yourself some lemon ginger with a hint of peppermint, will help.. Add honey to liking 🍵😋👍... Anyways, thanks for your time and the video guys.. I hope my decade of stacking silver and precious metals pays off... ( mining stocks as well I hope🤞).. By the way David, I think your right, at least in my circle of friends... most of us have about 50 to 100 oz we are willing to sell when there is a run-up.. but the majority of my stack is going to be sitting there until retirement because a long time ago in the early 2000s, I figured out that our social security system and retirement system was never going to hold up I mean if I could figure that out as a kid I'm sure others did too.. I guess I was just lucky enough to hang around the right people and learn the right things... I just hope others wake up before it's too late... (my mining picks for this year are: ticker - DNN, SLI, IAUX) and plan on picking up one more company in silver by end of month... anyone have any suggestions for company with market cap around 500 million or so
Thanks for the comment and I think your view on silver is correct. I also hold DNN.
Silver in 4ir has a significant roll to play in the future of robots drones iphones solar ect.. im bullish
The idea that private or special interests like banks for example should be able to dictate, subvert or pervert the law of the land is outrageous.
I bought hundreds of Silver Krugerrands six years ago when spot was $13.80 . Today in June 2024 they are worth $29.34. I am a clever investor
Silver needs to be at $50.😎
I agree silver should be higher. Why is $50 like a magic number. I feel it should be well above $50 as it was there in 2011.
Thank you guys, have a blessed day.
You too and thanks for tuning in.
They keep saying that about Silver but I don’t. Think so. Gold is the primary metal.. Banks are specifically buying up gold. I do what the banks do.
JP Morgan Chase
JP Morgan now holds 133.1 million ounces of physical silver and the world record for most silver held under one name. Today, it also owns 50% of the world's COMEX silver bullion.
The leader of bank jp morgan are the largest buyer of silver,so why he buy so much silver if it doesnt have value?
That’s a bold statement coming from David Morgan who is very cautious and conservative. Silver is still manipulated by JPM as of 9/4/2023. As long as this happens silver ain’t going nowhere. The central banks are very powerful and intervene in the markets to make them look like they are brilliant. I have been invested in silver since 2008 and have heard it all. I bought the dips, subscribed to their newsletters, read the books, and listened to their comments. The silver gurus have made predictions and have been wrong. In 2011 when silver hit $50.00, they all had orgasms, we’re holding hands and crying. They still predict and eventually they will get it right and then they can go and write their books on how they predicted the price and bull run. David’s last prediction was that you will be very happy in 2030 if you still own silver. 7 years from now! Let that sink in!!!
Everything moves in cycles sorry you didn't get it. USD is at the end of its cycle. Banks in US will go the way of movie theaters, they'll be a whole lot less of them and they won't be as exciting. Real estate will tie you up and hold you hostage for zombie government taxation to feast on you. I have owned T-Bonds, property, energy, retail.. You name it. The current recession is going to become a depression. Everything is a cycle.
When something bad happens, it is difficult to buy a silver coin even if the paper market price crushed and very cheap.
Yes and the premiums are very high, which is more revealing of it's true value than the paper market imo.
Price is 15$ but ain't a single one on the shelves.
Hyperinflation and global war will create instability within the next 2-3 years. That's why countries and banks have been buying gold and common people silver.
Good luck finding any silver oz at $15. That was only possible in about 2018 at the best. @@r.a.6382
I heard this three years ago, I guess when high techs bubble out , then we have this chance. Thanks!
Wow, only three years! I envy you. Most people here have been hearing it for more than a decade
The wealth you all chase is not a options trade made normally in a 30 day bet on margin. Your inablity to understand wealth building is a cycle that takes a lifetime, and has great rewards when conducted correctly. Impatience makes for looses. Your time frame in your words are concerning, some it takes an entire lifetime of study and planing, and then tweekings, to others that gain wealth quickly it is an accident they are wealthy. Truely so if you really study it, and stop crying in your soup about how many years. I decided impatience is a trip burdeon I do not need I gave it up a long time ago. Did you ever see the signs that would bite you dead if it was a poison snake, most wealth is commanded, and owned by old people?????? Did you ever take a lesson from that in place of complaints. You occupy your time with non-nurturing study.@@84wildstyle
Buy some gold relax go fishing spend time with family.
I agree with how the people are tired of hearing about the price explosion is Coming?! Just keep accumulating and shut up about it.
I believe silver will rise...I even believe its price can double in the next five years but the thought of silver price surpassing gold price that's a far fetched dream.
Historically silver was 12:1 with gold. You paid the bartender with silver coins not gold. Gold is kept underground where it originated. Silver is a more practical medium of exchange and is undervalued at around 80:1 with gold.
Good points, thanks for tuning in.
Silver will never beat gold ever ever ever but if you have both you will have wealth keep stacking
Yes in terms of price, he wasn't saying it will go higher but that it will rise more on a percentage basis. Definitely agree with you there.
What a fantastic exposition of economic realities within our current paradigm 😊 superb
What happens when the economy goes bust and the people use/buy less and less solar panels. The industrial demand for silver will tank IMO. What I want to know will that make the price lower or higher with less demand🤔? If the economy is bad and it's going to get worse before it gets better IMO.
How do you prove this nearly IMPOSSIBLE thesis?
The decrease in silver mining output such as the world's second largest silver mine closed permanently in Mexico last June. It takes a minimum of 5 years to open up a silver mine plus the political powers are oppressing the price with a rigged short market by JP Morgan. Do the research and track the demand trend versus the decrease of supply trend .
All these predictions are nothing but appealing to the hope of people that have some silver or gold.
Soooo many solar panels were installed in the past few years. And? Hardly any impact on the silver price. If all these installed solar panels and 100thousands Teslas didnt do anything, why would anything spectecular happen in the future?
It is the anticipated growth in those markets that those price jumps are predicated upon. Keyword is anticipated. Plenty of roadblocks and black swans in the way though.
Another person that’s heavenly exposed to toxic fumes
David Morgan and others have been saying for over 20 years now that silver is going to rise until the manipulation of the stock market stops which isn't going to happen from the big boys silver is just going to hover at 25-30 for eternity
But when the manipulation is removed it's free to go vertical. It's the removal of the manipulation by the top 1% and the central banks that's coming which will change financial history. If you don't believe in a coming change, then you're correct...manipulators will continue to suppress metals.
2025 2026
Try again that first part makes no sense whatsoever.
Yep demand is higher and its cheaoer to buy
If I had existed and was around 10 years old in the year 1960 to 1964 I would have dedicated myself to collecting quarter dollars, it was 90% silver, weight 6.25 grams, now the spot price is around $4 for each 1, don't say that the Silver does not accumulate value. What happens is long long long term. Patience
In 1960, at age ten, allowance was about 25 cents a month. Cutting someone's lawn was 25 cents. Hourly wage was, well, look it up. I was age eight in 1964.
Patience is absolutely key, most want immediate results. Thanks for watching.
@@MrBluegrassfiddler como sea en los 1960 eran creo $1.25 la hora ahorro 0.25 o 0.50 centavo cada hora en el mañana hiciera algo de diferencia en ahorro
I can't remember a single prediction David Morgan got right. Ron in the basement is just as good so that tells you something.
Who rattled your cage?@@lepton31415
that is funny and true, feel bad for all of them i remember believing this crap ten years ago and nothing has changed.
We all must be smoking the same hopium.
Does anyone know what the mintage numbers are for the 2022 1oz Mexican silver Libertad???
550,000
Silver will always have every reason to go up. And probably won't😢
nickzema4683, it saddens me to think you know every reason silver will go up and you say it won't. Is it you do not believe your own research, or the research of others, I hope you did read the history of silver, and the prospect to incerase in value significantly is??????? did you. one other thing, are you invested in equities, or in hard assets, or rare art, or in realestate, or in CASH now. If you see something in those assets that is consistent with review, and placing a investment do you quesiton those other assets when you see positive reason they should go up??? You realy sound like a noninvestor, with no method to finalize making a profitable investment. Why do you tell others your in cabable of evaluation??? and placement of sound principals of investing??? By doing so are you attempting to influence or what is your agenda???? You sound like a beginner options trader, on margin in other space investments that mad very poor choices and cant find a clear review method to proceed. LIke your frozen in space, or you are so devistated for some reason you move like a sloth, so slow that the movement is not significant used in the current markets.
For some people it is better to be a debtor, yes, I will not go into the details for my statement here, for some people it is better to be in CASH. For some it is better not to invest at all. Yes, you sound like your there, somewhere. I am puzzled with your explaing here?
Sad but true😪 love silver jewlry, espcially "NATIVE AMERICAN '' this special aplication has its own market💕💃
a table needs no fewer than 3 legs to stand. No wonder we used to have copper/silver/gold as the currency system. Universally used metals that are safe enough to handle and well understood.
A person would have to live for another 200 years before silver is worth anything, these Silver and gold, Posts, are Propaganda
Always wrong, wrong, wrong!
Thank you guys 😃👊
Thanks for watching!
We’re all taking it in the shorts with silver down big time and you keep telling us how great it is silver is going nowhere unless it’s down
Stackin is preppin not investin. People have died waiting for metals to break free from price control. Metal bugs are as willfully ignorant of reality as the normies now, just from the other side of the table.
I don't disagree with you at all, I'm not expecting my silver to go to the moon but rather view it as an insurance policy.
For years I had heard the same Bs it's just bunches of lies to sale silver, and we will buy something that ain't. Worth it
🤪 Solar panels short lifespan and weather damage had entire solar farms going to landfills. Insurance companies are dropping home owners who have solar panels installed. Just as the EV trucks are worthless, the cost of replacing car batteries exceed the price of the used car prices.
agreed, you also need batteries for solar panels to store the energy which makes it extremely expensive
Oil son, oil.
Global warming, son, Global warming. The average temperature here in Texas this summer was the hottest ever. Gotta do something about it or we're all going to fry to death.@@stuartmoore6310
The energy collected by the solar panels go directly back into the grid.@@egyptianhebrew91No batteries required.
So you're telling me that Elon Musk was just a fraud?
There is no long term future for solar panels. Suppressed technologies will replace them. Silver will be used to back currency more though.
Serious--- he been taking about this for decades and never happened ( even a broken clock can be right twice a day)
Silver comes out of the ground and gets refined at $12oz. Why would it go more than $30? More mining would push it down
Have you checked the price to get one ounce of silver out of the earth in raw unrefined form lately. The $12 is grossly inaccurate, based on my research. Then add assey costs, refining costs, and shipping and handling to the end use, and total overhead to attain the end use of silver. Your cost is needing your re-review, at least my research shows such.
@george0r510 even if it were $25, same same. There's no precident for a commodity profit to exceed its costs that much unless you were talking about BTC 10yrs ago
David is the man!
Silver will alway be worth something. To make a higher price, make something out of silver such as jewelry or other things of silver that you can sell. Don't just look at silver as coins or bars..
The wishful thinking that silver will skyrocket...this is a never ending story. It's simple stack if u don't trust banks or become a dealer if you're looking to make money at it then u can get dealer pricing.
Silver has had several bull runs following recession and downturn in the broad market. Why would this not occur again?
@CommodityCulture the two times since 1980 that silver went up to just under 50 an ounce. Is that your to the moon price lol.
Been hearing this for 20 years
they all on crack!
It's all nonsense. Invest money in equities, buy gold, buy land. Increase your education and skill sets. Silver is 100% BS.
"20 years?!" In 2008 I was buying silver at $8/oz..
Back then you got "real" rounds, like an Elvis Presley I sold for $250, and John Deere's sold for $125!
yep! l@@AmericanBulldogFit
Yup! We shall see.
Silver is 1 of those assetts that might take 10or 20 years to make money at,if you are lucky you could do it in under a year like March 2020 spot price was $12 8/9 months later it was $28.😅😮
It's actually headed in the other direction David. Good 'guess' though.
He is rich who knows he has enough. Gold Royalty.
Solar Panels have lifespans of 25 to 30 years. By 2030, many Solar Power Plants built around year 2000, will need to be upgraded with new Solar Panels.
I don't know how much Silver if any is recoverable from old Solar Panels.
I expect a great deal of Silver will be needed shortly as Solar Panels in Solar Power Plants reach end of life.
Eventually Silver consumption for Industrial use may exceed Silver production and recovery.
Thankfully, not much Gold is needed to maintain Industrial Society. For now, a great amount of Silver is required. I expect more Silver to be used in Industrial Applications such as Electric Motors and Generators because of it's low Electric Resistance, and high Heat transfer properties.
When used for such applications, Silver is 100% recoverable.
Unless Material Science can come up with something similar to Silver, we should expect more Silver use over Time. It's reasonable to assume Silver Cost will increase relative to Gold.
By 2030 this may be easy to see as Solar Power Plants around the World need new Solar Panels.
Due to Anti Microbial Properties, Health Care may also begin using much more Silver such as Nano Silver in Face Masks which will have poor recovery abilities.
@@zach464 For now, Silver is still a great deal. Deep Sea and Asteroid Silver is going to cost a great deal.
68 million to launch a low Earth Orbit Space X Rocket.
Going past Mars to the Asteroid Belt and Back will cost 10s of Billions. I don't know about Deep Sea, I'd imagine it's costly.
Also when we used gold and silver back currency the government set the price of gold. Will BRICS currency set gold at $1,600 and $25 for silver. I think that will affect the prices here in the US with metal's.
Will keep accumulating love silver coin bullion
Silver won't go to $600.00 no one will be able to buy solar panels. You have to double the silver to get a 5 to 10% Increase in panels efficiency. 😢😢😢
Have been hearing this for 10 years....
silver has been hyped for four years and isnt going to change
Patience
1 to 8 is the ratio I have always known. Thats the actual mining ratio. The price of silver is being held artificially low. Pathetically low. Its the buying opportunity of a generation.
He mentions 1980 but NOT the fact that it was an artificial bump engineered by the Hunt brothers. How could he not mention them?
It got up that high again in 2011 without the hunt brothers.
This is a point many people seem to be unaware of.
I'd like to buy a little but really don't know how much or when. Is it going down in value or ? When's the right time to set some ?
Whenever you have some extra cash to buy some , buy some.
Not financial advice, but I would just get my hands on a little to start with. Even just one coin, and from there dollar cost average.
I have been stacking for years, everything around me has gone up except for silver.
I feel you buddy
it will not hard to figure out there running outta silver thats why
Are you talking physical or paper silver. Physical silver is very heavy and volunmiinous for its value. Pulling it out of the ground is a major cost factor. You cant walk far with slot of silver. For barter having silver dimes makes alot of sense. Au,Pt. & Ag are all safer than paper anything now.
If too much paper silver, when they can't supply the price will go through the roof.
I heard and read that they're using chrome for solar panels
Fair chance that silver wiil be used to partly back the new digital sterling pound, when the new digital monetry system is underway by early 2026. Its worth stacking it high.
Silver to 30 in 2030 same time eggs hit 30 a dozen?
What do u mean tho , we trade our silver for the useless dying paper money?
silver will never be more than gold
Silver is the poor man's gold.
Silver rounds retain parity over the years. Gold even more so. Probably good to hold some if you are young, of find an old relative holding some. Likely he'll croak before silver runs hard. First one to the house gets the box key.
🤣
There are much better investment. It’s a commodity, worth only what someone else will pay for it. Numismatics are a whole other animal.
83 to 1?! Thats paper silver used by Chase to manipoulate the silver price/market. Thats INSANE!!! My Ecuadorian mother used to say, "Plata es plata y lo demas es cuento!"
The description of gold to silver ratio was incorrectly stated. The correct interpretation is that SPOT gold is priced 83 times higher than SPOT silver. Today, Sept. 4 2023, for example, you have the choice of spending $2045 for a gold Eagle, or buy about 75 silver Buffalo rounds at $27.24. The reality of the matter is that if you walked into a coin shop intending to swap your gold Eagle for silver, you would more likely walk out with 55 or 60 ounces silver rounds, and that is due to transaction costs and premium over spot.
Great guest and interview! Thank you
Glad you enjoyed it!