In this interview from the Vancouver Resource Conference David Morgan talks about what he sees for silver and gold in 2015. David believes that we hit the bottom and 2015 will be a good year but not a great year for the precious metals. The increase in industrial demand for silver has been projected at 30% for the next 3 years. Although the sales of precious metal coins like the silver eagles have been at historic highs David believes that demand for the large silver bars will be needed to move the markets up. When asked about market manipulation David responded. “All markets are manipulated.” “If you are investing in the precious metals take a big picture long term view and know why you are own the metals fundamentally. All manipulated markets end in failure and this one will as well.” Ask yourself why am I buying these metals Think about it. Diversify. Take a position and hold on to it.”
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Oldie but Goodie
Ted Butler is one of the most well respected silver researchers in the world. He has been carefully examining the movements in the silver markets and has been studying and exposing the manipulation in the silver market for the past 20 years. Even though some time has passed since this video the mechanisms of manipulation he saw being used are the same today. Ted says that it is impossible in a a modern commodity market to have the quick and violent changes we have seen in the silver market. The production of silver is relatively constant or in any event it takes a long time to ramp up production or a long time to slow down the production process. So the supply doesn’t change quickly and the demand for silver doesn’t change quickly. Ted identifies some of the large players who have had the biggest short position in the paper silver market and stood to gain from the manipulation. Regulators have been extremely lax at enforcing position limits and extremely in slow implementing new regulations to prevent these abuses and limit this silver price manipulation.
http://www.preciousmetalsinvesting.com Currency collapse is by far the most common form of collapse. Throughout history there have been thousands of currency collapses in monetary systems based on paper currencies. Paper currencies are often referred to as “fiat currencies” because they derive their value from a government or a law. Investing in precious metals is one of the “commodity currencies since the value is based in a very real commodity that has value. Sometimes the term “commodity currency” is also applied when a currency’s value largely depends on a country’s export such as oil or agricultural products. But here at www.preciousmetalsinvesting.com when we speak of a commodity currency as opposed to a fiat currency we are referring to precious metals that are the basis from which value is derived. In this episode Ted Sudol and Paul Mladjenovic discuss the currency crisis, its causes, effects and what you need to do to protect yourself. Make you click on the link at the end of the video to get your free precious metals buying guide and free newsletter.
In the third part of our 4 part series on collapse we discuss debt collapse. Debt collapse is probably the most common type of collapse and in this video Ted Sudol and Paul Mladjenovic discuss some of the causes and results of debt collapse. Those who are aware of the potential pitfalls like debt collapse can prepare for the future. Be sure to watch all of the videos in this series on collapse. Part one is an introduction to collapse and talks about the different types. In part two we talk about economic collapse. This is part three on debt collapse. The next part, part four, will be on currency collapse. Make sure you enter your name and email address in the boxes to the left of this video to get our free Precious Metals Buying Guide and free newsletter. Or just click on the link at the end of the video.
Economic Collapse – What is it? What are the common causes? What do you need to know to protect yourself? In this second part in our series on collapse Ted Sudol and Paul Mladjenovic discuss Economic collapse at www.preciousmetalsinvesting.com Make sure you click on the link at the end of the video or in the description and enter your email address to get our free precious metals buying guide and free newsletter.
In this first video in a four part series Ted Sudol and Paul Mladjenovic discuss the different types of collapse and how you should prepare. Those who are aware of what is coming and are prepared will weather the coming storm and emerge in better shape than those who are not prepared and remain unaware. There are several different types of potential collapse. In this introduction we talk about the different types and the potential effects. More importantly we begin to discuss what you, as a precious metals investor, can do to prepare.
The Swiss Franc was suddenly “unpegged from the Euro. We saw some very rapid and violent changes in currencies. What does it mean for the precious metals investor? Ted Sudol and Paul Mladjenovic, author of Precious Metals Investing for Dummies, discuss the effect and what it means for you, the precious metals investor.
Mike Maloney, author of Rich Dad’s Advisors: Guide to Investing In Gold and Silver: Everything You Need to Know to Profit from Precious Metals Now talks about the prospects for precious metals investing.
He feels we are in a stock market bubble, currency bubble, debt bubble, real estate bubble and he feels by the end of the decade we will have a global change in the monetary system. In our debt based currency system every dollar is backed by the power to tax and at the US levels of debt it is the need to tax you in the future and to the day you die.
There is no time in history when paper currency has been so overvalued and gold has been so undervalued.
The unfolding dollar implosion will bring with it an increasingly frequent crises while at the same time our officials will be telling everyone things are fine. If you are asleep, as many will be, many will wake up with the price of gold doubling overnight.
Derivatives are a time bomb waiting to happen and if there is a derivative meltdown we could see confiscation of retirement accounts as we have seen in Poland and Venezuela or confiscation of bank accounts like in Cyprus.
China has become the world’s largest producer of gold and none of their production is leaving the country the China central bank buys it all and even imports more.
When people in the middle class become desperate in this coming world financial convulsion it has often lead to the rise of despots like Hitler and Mussolini in the past because they tell people who were not prepared that they can show them the way out.
Ted Sudol and Paul Mladjenovice, author of Precious Metals Investing for Dummies, discuss on HTTP://www.preciousmetalsinvesting.com the sudden move to unpeg the Swiss Franc from the Euro. The Swiss Franc tie to the Euro was a price control that the Swiss felt could not be maintained in the face of unprecedented printing of paper currency.
David Morgan quotes the often repeated axiom “he who owns the gold makes the rules.” The majority of gold is with the central banks. Possession is nine tenths ownership and we have seen the power of the financial institutions to bend the rules to suit their goals. Silver is not really considered a monetary alternative by the banks and not really held by them. David comments on the video done by Brother John F. In it he has a clip of Dr. Ron Paul asking Ben Bernanke some hard questions about why precious metals cannot be used beside paper money. This confrontation took place during a take down of the silver market It took roughly 550 million ounces of PAPER SILVER to take the price of silver down. What does that volume of paper silver have to do with the actual amount of physical silver that supposedly this paper silver derives it value from? Some experts have said their are 50, 100, or even 500 ounces of paper silver for every ounce of physical silver.
David believes people will increasingly seek value based money like silver and this will increasingly cripple the power of the banks and financial concerns to manipulate the perceived price of silver through their enormous buying and selling of PAPER SILVER that bears very little relationship to the amount of actual physical silver. Some experts have said there are 50, 100, or even 500 ounces of paper silver for every ounce of physical silver.
In the end what would you feel more confident holding in your hand -an ounce of physical silver in the form of an American Silver Eagle or someone in the financial system’s promise you can exchange that the piece of paper in you hand for physical silver?
Just look what happened to Germany recently when they asked for the gold they had stored with the US FED for “safe keeping.” Germany, the world’s second largest holder of gold with 3,700 tons, wanted it back and was told by the US FED that was storing the gold for Germany that it would take seven years to get their own gold back!
How does that make holder of “paper promise gold” feel about the security of their claim on the physical metal that the derivative paper promise derives its value from? If the US FED has Germany’s gold why not just give it back? Germany wasn’t seeking to dump it on the market and cause a disruption. They just felt a little safer and felt it would be better for domestic confidence if they had it close by. If a government, which I think wields a lot more clout than you or I can’t get it’s gold back what would you feel safer with?
Read more in David Morgan’s book Get The Skinny on Silver.