David Morgan is interviewed in this video by Elijah Johnson about the basis for his belief that the gold price should be 10 times the current gold price. David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000 an ounce. If silver reverts to its historic price ratio to gold, that would mean over $500 per ounce silver.
Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the economy slows, there will be less demand for base metals, reducing the production of silver. If that happens the silver price could rise dramatically.
As for the short term, Morgan sees the gold price and the silver price moving higher within the next few months.
For more information from David visit The Morgan Report Themorganreport.com
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