Video
David Morgan on the 2013 Silver Story and Germany's Gold
The Daily Bell is pleased to present readers another interview snippet with David Morgan of Silver-Investor.com. David is well known for his deep knowledge of the metals market and frequently provides his analysis on this and related topics through interviews such as this one, posted at his YouTube user channel, Silver Investor.com.
Following is a partial transcript of David's interview January 25, 2013 with Cambridge House Live, entitled "Why Can't Germany Get Its Gold Back?" David is also the subject of a Daily Bell Special Report: "The Best Silver Analyst I Know and How His Ideas Have Helped Me Protect My Assets and Make Profitable Silver Investments."
Bridgitte Anderson: What's the silver story now for 2013?
David Morgan: The silver story right now is it's going to be a good year, not a great year. I think we'll be above $40. I think we may also get lucky enough to test the $48 level a couple times. I don't know if we've got enough juice in the market in 2013 to sustain it over the $48 level for any significant amount of time.
But there's been a curveball thrown in the market, as far as I'm concerned, and that's this Bundesbank situation where the Germans want their gold back. And all of a sudden people are waking up to, "Well, maybe these gold nuts that say gold is in short supply and it's not as plentiful because it's been hypothecated and re-hypothecated and there's all this paper gold out there and derivatives golds are plentiful but physical gold isn't," all this stuff that we kind of get painted with this big, broad brush that we don't know what we're talking about. All of a sudden it's making a lot of sense. Germany can't get their gold back for seven years. How absurd is this?
Bridgitte Anderson: So maybe they aren't wrong after all.
David Morgan: Maybe they're not wrong after all.
Bridgitte Anderson: What would be the impact of that if those people – we're talking about the people mostly from GATA and those kinds of groups – what would be the impact if they weren't wrong and they are in fact right?
David Morgan: Your guess is as good as mine but I'm not shy at voicing my opinion. I think it could be significant. If the New York Times gets the story even half right and some of these sleepy North Americans wake up ... they might grasp the concept that, first of all, there's a reason why Germany wants their gold back. Secondly, there's something wrong if they can't get it back in a timely manner. And lastly, they would start to investigate their own questions surrounding that dynamic and maybe they'd reach the conclusion that, you know what? Paper money isn't the place to be. Or savings that have zero interest rate isn't really good for me. Whatever conclusion they draw, I think it's going to put a lot more pressure into the metals. And so because of that it's harder for me to predict what's going to happen with gold and silver this year. It's a wild card, so to speak.
Bridgitte Anderson: As far as gold, are there other things that you're watching besides what's happening in Germany?
David Morgan: Absolutely ... We're looking at the geopolitical scene. I'm really not favorable to any political group. I'm a libertarian but the problem is, you've got to look at the real world the way it exists. This thing with the gold and the German thing could turn into a currency crisis. There could be currency wars or something started. I don't know. I don't want to get negative but I'm well studied on the topic and what could happen is a bit scary because then there could be trade barriers set up. If Germany says, "If we don't get enough of our gold back by this time then we're going to put a tariff on any goods coming from the United States." And other countries say, "Yeah. We're going to side with Germany. Why are they doing that? Well, because you guys aren't giving them their gold back." So I'm just projecting possibilities. Am I saying it's going to happen? No. What I am saying is
it's a great area of concern when you've got these international trade area settlements that aren't being rectified again in a manner that you'd expect.
For more on David Morgan, please see the Daily Bell Special Report: "The Best Silver Analyst I Know and How His Ideas Have Helped Me Protect My Assets and Make Profitable Silver Investments."
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Posted by TerryWriterFromPortCredit on 02/02/13 05:36 AM
Hi tribo,(sorry, my delete button doesn't work so I can't edit [spilled a glass of great red wine on it last night - what a waste (the wine, I mean)
Out of all due respect (I assume by your avatar handle you are of first nation's blood?) - us "crazy "white guys" otherwise know as the "civilzed" (I am sure we could talk about that for the joke it is if I were fortunate to find myself meeting you [I apologize for my grammar and syntax - I'm a little hungover b) - us white guys stuck in cities and towns mneed a medium with which to get these essential things and this community that you and I are now using as a medium of communication get exactly what you mean - you are right.
I am collecting silver as a retirement plan.
When the David Morgan's and Mike Maloney's tell me - sell - I will. I could not care less about the gold or silver personally. What I do want is land whgere I can grow nutritious, non GMO food, get clean well water, have sex according to my personal needs (I believe you would agree that it is necessary to good health for a human being physically, emotionally and spiritually)- and move about freely (to another farm if necessary if the lasst one is sterile). lwhere these things allow one to thrive).
A goodly proportion of the human beings on this planet live in urban areas. This community (the DB'ers) of free-market thinkers are simply saying - use gold and silver to better assure yourself of being able to get the important things in life that you again, have listed - I say, having grown up in the 60's - right on, brother).
I live in a rural area and while I collect my silver to convert to a farm I am also subscribing to John Robb's vision of a resilient community. I have begun a dialogue with some of the local traditional farming families and hope evntually to set up a system whereby shoulds disaster strike in whatever form - the farming community and present infrastructure will be able to provide the necssities to the individuals that make up the community -
Without the help of a Canadian version of FEMA.
All the best to you and your's - The Canadian Curator.
c getting involved in John Robb's viinvert to a farm when the time is rightam gettasyAa man nedc Let me express r
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I can replace the conputerwatered {i[
Posted by TerryWriterFromPortCredit on 02/01/13 05:25 PM
I have no comment other than this (out of all due respect - comments in general are just parroting)- this is a man I would love to meet. Honesty exudes from the man. Perhaps one day I will be fortunate enough to be able to look straight into his eyes and shake his hand. If not, this interview has lifted me.
I know this man. He is himself - but he is also me because we meet on a common ground (call it what you will) - I call it decency.
This is my community. A community that makes me take a breath and realize what I have - not what I don't.
Thank you Mr. Morgan for doing "your part" in "your way" as "you see it" from "your perspective."
It as a powerful reminder that that is all any of us as individuals can do.
It cannot be done any other way.
All the best to you and your's, David - The Canadian Curator.
Posted by Frank on 02/01/13 01:29 PM
I believe that sooner or later something will happen to cause people to lose confidence in fiat money ("paper money" backed by nothing & which can be printed up indefinitely out of thin air). Just because there is still a lot of misplaced confidence in fiat money doesn't mean that people will forever remain confident in it. If given a choice between owning & using paper money v gold/silver, people will go for gold/silver. The question is, can governments stop people from using anything besides paper money? I don't think they can and a "black market" will eventually emerge using an alternate form of money that has something of intrinsic value. On top of that, some governments with large stores of precious metals in their vaults might want to give people the option of using their money backed by gold & silver. Why? Because they might want to destroy the US Dollar & replace it with their own currency. They might want to win a Currency War.
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Posted by taxesbyanyothername on 02/01/13 01:27 PM
He sounds like a politician.
Silver? Very near term, up and down, of course. Further out, the sky's the limit.
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Posted by Joe on 02/01/13 11:41 AM
When metals are bought here in Europe we have to pay 20% sales tax in the UK.
Posted by tribo on 02/01/13 11:16 AM
What a waste of words. trying to keep gold and silver as the bench mark for lawful money is insane to begin with. when push comes to shove it's worthless. When there is no food left, no clean water, or other bare necessities, who will give there last bit of food to one who offers them a shiny clump of gold?
If you want to invest in something that may save your life, then stock up on lifesaving items, build a stock of seeds, water distilling equipment and water purification also. buy a farm, grow all your own food, raise animals, anything else that will be for your benefit. what good will investing in metal do you when your starving or dying of thirst? Will you dig a whole with a bar of silver and plant a gold coin? Did my ancestors and others the American Indians, put faith in such nonsense? "precious metals" when one looks at them in the proper perspective, are of no consequential value at all. Bartering is still a much better currency than any paper or metal.
The Cree Indians saw this crap for what it was worth early on. and now over a century later, we still keep believing some how Metal is going to be our salvation?
If one is to survive this crumbling world, then learn from those who have lived through the most severe times. Metal, like paper, only has whatever intrinsic value that one puts upon them, they are NOT something that will allow you to live on when your very being is crying out for food and water , clothing, or shelter, to be able to survive.
I cant think of anything more ignorant or pitiful, than finding a wealthy person dead in a house full of gold having died from lack of basic needs.
Cree Prophecy:
When all the trees have been cut down,
when all the animals have been hunted,
when all the waters are polluted,
when all the air is unsafe to breathe,
only then will you discover you cannot eat money.
Do your self a big favor, look at what will get you through the hardest times and invest in those things. please consider my advice, it is meant to be "valuable"
Posted by Danny B on 02/01/13 10:44 AM
Halfway down this page is a good graph showing that silver inventories are approaching zero.
Click to view link
90% of silver goes to industry with only 10% left for investors. The U.S. mint has run out of silver,,, once again. Since silver inventories are so low, one would expect that the silver was consumed rather than hoarded. China is now a big silver buyer. In January, Americans bought $1/2 billion worth of silver and gold.
If you look at the trend on the graph, it's unmistakable where it is going.
A good look at the historical silver chart confirms that SLV doesn't really have much metal. The world silver supply took a big jump when SLV became operational. SLV is a warehouse, not a producer.
When SLV got started, James Turk analyzed the contract language. It was far different from GLD. It was set up to rip off investors in the event of a failure of delivery.
Posted by Justin on 02/01/13 07:47 AM
I'll wager an ounce of silver that David Morgan knows as much about the silver story in 2013 as Max Keiser knew in 2012.
My prediction is it will be unpredictable, as if behaving in an irrational fashion.



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