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David Morgan Discusses the Current Silver and Gold Markets

usawatchdog.com  ( Original )
MAR 14, 2018

Please join Join Greg Hunter as he goes One-on-One with David Morgan of TheMorganReport.com

Dave Morgan discusses the Fed, government, politics currencies and the current state of the precious metals market.

Silver bottomed in December of 2015, and, yes, we have gone up and down and up and down, but the overall lows have been higher lows, which is the definition of an uptrend.  Silver and gold have started a subtle uptrend from the bottom in 2015, but it certainly has been slow and tedious and back and forth.  I coined a phase, ‘silver will either scare you out or wear you out.’  We are in the wear-you-out phase. 

The most important financial asset is the U.S. Treasury market . . . this is key, and what is so unbelievable if you think about it, the one asset class that is supposed to be the safest is the  U.S. Treasury market, and it’s the least safest.  Something that is supposed to be unsafe like silver and gold are the safest.  The Treasury market does not have several thousand years of history of being money.  All fiat currencies have failed in the long run. . . . The dollar has lost 98% of its buying power since 1913, and the Fed is supposed to have a stable currency policy.  Well, they have failed miserably.”