Is The Precious Metals Reset Here – David Morgan

David Morgan, the Silver Guru is interviewed on Reluctant Preppers. David gives his thoughts on the financial turmoil today. He starts with a quote from Elliot Greenway who said “the next depression will make the depression in the 1930’s look like a market correction.” 

This depression will be definitely different. Once we get out of this things will be definitely different we are not going back to the way things were before the Corona Virus.

David was asked if there are similarities between today and 2008. David feels the market will continue to go down. In 2008 we didn’t have shutdowns. Mexico is shutdown, Agentina is shut down, and many other mining countries are also shut.

Producers with proven deposits in the ground have an asset whose value that only increases in value as the price of precious metals goes up. Usually only top tier companies have proven assets. Big miners have to buy up proven deposits to insure that they have something to mine in the future.

However most probably some smaller companies who are in the beginning of the mining process of just looking for precious metals will go out of business.

David says of the mining stocks, “When in Doubt Stay Out.”

Gold only serves a purpose as money whereas silver also has many industrial uses. It is likely that this pandemic may give a bump to the solar industry. Of course solar panels use silver. Greater demand and smaller supply should result in higher prices.

David was asked about what should you do if your pension is in the stock market.

Hedge yourself by buying a put on the market outside your account.

Only you can decide whether it is time to case out of your pension. 

50% of your assets should be in gold and the other 50% in cash.

David believes the stock market will continue in a downtrend for the next 5-10 years.

Will services we depend upon like the mail and other companies in the supply chain affect the services we have come to depend upon? David said basiclly no one knows because alot depends upon how long this lasts.

David’s final word was a suggestion to think deeply about what is most important in your life which should probably be the importance of your relationships with other people.

What is your life’s purpose and how best for you to achieve it. We all have some time to consider these larger issues.

Listen to the Precious Metals Investing Podcast

You can listen to some of the episodes right here at PreciousMetalsInvesting.com: Precious Metals Investing Podcast

Or even better yet subscribe to the podcast on iTunes here: Subscribe To Precious Metals Investing podcast on iTunes

Android Users can subscribe to the Precious Metals Investing Podcast at Google Play here:

Subscribe to the Precious Metals Investing podcast on Google Play

The Precious Metals investing Podcast is now available as an Amazon Alexa Skill. Simply go to your Amazon Alexa app. (also available on the computer at Amazon Alexa App on your Computer ) Search for the Precious Metals Update and add it to your flash briefing. The next time you say “Alexa play my flash briefing it will play the Precious Metals Update as well as other media clips you have in your Flash Briefing list. You can change the order you have you clips play so if the Precious Metals Update is the one you want to hear first you can put it first on your flash briefing list.

DISCLOSURE: If you purchase items though the links on this site such as the Amazon Links, PreciousMetalsInvesting.com will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site. The content provided here is for informational purposes only. Investor’s situations vary so make sure you consult with your own financial adviser before making any investment decisions. Not all investments are suitable for all investors. Users agree to hold preciousmetalsinvesting.com, its owner and affiliates, harmless for all information presented on the site. PreciousMetalsInvesting.com presents no warranties. PreciousMetalsInvesting.com is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access PreciousMetalsInvesting.com, any linked content, or the reliance on any information on the site. The information contained on this site does not constitute investment advice and may be subject to correction, completion and amendment without notice. PreciousMetalsInvesting.com assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. PreciousMetalsInvesting.com disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result. The information supplied by the experts featured at PreciousMetalsInvesting.com are assumed to be accurate.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top