David Morgan with Greg Hunter- Deep State Unpredictable Get Gold & Silver

15/03/2018
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Descripción de David Morgan with Greg Hunter- Deep State Unpredictable Get Gold & Silver

Precious metals expert David Morgan says the prolonged sideways price of silver is what bottoms look like in the precious metals market. Morgan explains, “This market has not moved for a very long time . . . 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. A lot of people who were believers at one time have become non-believers. The markets have worn them out, and they have moved on to something else.”In the bond market, Morgan fears low interest rates spell danger. Morgan says, “The most important commodity in the world is oil, but 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.”