David Morgan is the author of several precious metals investing books. Because of his particular expertise he is known in the precious metals investing world as the Silver Guru. His latest book is Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock – Wave This book is not only about making money in Precious Metals but even more important about keeping it. He is also the author of The Silver Manifesto
Just about every country of the world has now abandoned sound money for fiat currency. Governments and central banks keep pulling maneuvers and gimmicks out of the hat to prop up our “money supply.” Can this game go on indefinitely? Are all those predicting a financial collapse mistaken? Some countries seem to be able to see what’s coming and are making plans. China is stockpiling gold at a furious pace. It’s rumored that their stash might even exceed the US gold hoard. However, that’s hard to prove. The US government hasn’t allowed an independent audit of its gold supplies since the 1950s. China is secretive about its gold accumulation. Russia’s reportedly accumulating gold too. Is there something that these countries know that we don’t or rather our politicians and government “financial experts” chose to turn a blind eye to. Countries are increasingly searching for an alternative to the US dollar for trade. Is a gold backed currency in the world’s future?
In this video on Reluctant Preppers Precious metals and resource guru David Morgan talks about the lifespan of fiat currency. Currencies have a lifespan that leads from their life to their inevitable death. David talks about the impossibility of compound interest over long periods of time. He talks about destruction of currencies through both inflation and depression.
The Silver Manifesto
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