@@pablo369 I guess you haven’t been paying attention to world bubbles, inflation, and banksters moving to digital currencies the world will inevitably reject?
Silver may shine in the future. It's definitely way under priced currently and the demand for it will surely grow. But also remember the industrial applications that will be in dire need of silver should hike the price of silver but that would also in return need to hike the price of these applications and products that use silver. For that reason silver could very well forever be suppressed.
Same story, different day / month / year. Nothing will change until institutions are held accountable for loaning out more silver than they own. It's straight up criminal, and yet, where's our regulatory agencies? Chasing minor infractions, while winking and nodding to institutions. Kitco could do a public service by constantly exposing the practice until something gets done.
@@rehoboth_farm I am guilty. I have physical silver, and also an ETF. I'd love to swap the ETF for physical, but I'm not about to pay the huge premium for Silver Eagles which has gotten out of hand.
I've been listening to hopeium since I started stacking back in 2012. Nothing short of a currency reform and total draining of the swamp is going to put silver prices where they should be.
So what’s wrong with that ? You should be happy…. I really don’t understand why you people don’t want to do anything and make money of selling something this is more ridiculous. Silver and gold price are real money if you want them higher you are asking for a weaker dollar and a weaker America so congratulations on being selfish. Hold silver for preserving wealth not because it might be next bitcoin.
lol 🤣 I don't understand why these people are not getting more hate...They clearly making a living from their reports exactly like he said word for word ... They would be bankrupt and in the street if they were living of investing in Gold and Silver 🤣
David Morgan is spot on with that last call, with the ratio at 92-1 I’m only buying silver even if the US dollar is killing our exchange rate. If it ever gets south of 50-1 I’m trading into gold. Back up the truck.! Thank you David and David 😃
I'm going to do the silver community a huge favor. On Monday morning I'm going to sell my entire position and holdings. That should ensure a massive spike up.
@@GORILLA_PIMP Tax liens... Great interest rates while going through the mandatory waiting time and backed by an asset that is insurable. I am not a financial advisor just a person that has put a lot of thought into the current state of the country and economy.
Silver collectors need to understand that the industrial silver consumption is only because the price/performance ratio is ok right now. If Silver price rises then the electronics industry will shift to alternative materials and shift very quickly, if the price of silver rises too much. All the youtube channels and experts go on and on about industrial consumption -- it's a commodity with viable alternatives. Don't look at industrial consumption, the key to silver's market price is currency traders.
You can’t replace silver except with gold and that is much more expensive. Silver has the ability to not expand due to electricity conduction so it is very important for use in highly sensitive electronics and circuitry. If silver could be replaced with something like copper which is notably cheaper it would have been done, don’t you think?
If they could of replaced it they would of already done it . They’ve been trying to solve that riddle for ever and only been able to use slightly less silver especially in Asia .
There's no silver shortage despite people hording it. Just because a specific coin like and Eagle may stop production for awhile doesn't mean that there is a shortage of silver for industrial use. Which is the real driver for the price. A bad economy means less silver is needed in manufacturing.
@@my3dviews There is no drive for price it is set by JPMorgan and high frequency trading, the price is not even relevant. Silver at 18.29 but an Eagle is 38. Silver at 26 is a steal even though you should have loaded up at 15 you would have already doubled your investment.
@@RkicF8 A silver Eagle is always going to be way above spot, because it is a one oz. coin. The silver price is not the price of a one oz. coin, but that of large 1000oz bars bought in bulk by manufacturers. A comex contract is for large quantities of silver, that's why the price is that low. If you want to get close to spot, you can if you buy one of them. SD Bullion has them for under $21/oz.. Less than $3/oz. above spot.
SİLVER IS 19.05 usd per ounce TODAY , calculating value of USD (CPI calculator US Bureau of Labor Statistics) due to inflation for example 5 years ago USD I calculate 15.74 USD today. In July 2017 it was 17 USD per ounce so in real terms Silver is cheaper than July 2017 Today. Two ways to look at it today, a very bad investment of yesterday or very good investment to buy today at such a low price :)
Spoken like someone who's never traded. Timing is always the most difficult aspect..and have you bought an oz of PHYSICAL lately... $25-30 minimum... the paper price is a scam
@@MjJones2020 mines doing awesome! I bought Bitcoin at 6k two years ago. So yeah, it’s been the best performing asset, still! Even in the bear market! My gold is also doing great though. I started buying gold at 1200. You gotta have both now a days. I save in gold and I am investing in bitcoin.
There will never be a shortage of paper silver and that's all that really matters. Those that control the price use it to keep physical down and they aren't going to stop anytime soon.
I think the derivatives market's days are numbered as well as the banking system. The digital dollar isn't too far away. They're pumping money into the debt market now to keep it from causing a liquidity crisis. This would cause a meltdown.
Well once folks get smarter and request physical delivery the fun starts . Only a tiny spark needed then . For now the logs are still wet. But drying they will. Just takes time
Let's see. Housing and gas prices have doubled in the past 18 months. Food and energy drastically higher. Inflation at 40 year high. Silver premiums between 18-25%. To break even you need a 75% rise in spot. Good luck.
The final point made, about buying silver now, then trading, for higher weighting of gold, in the future, alone made this video worth the watch. Thanks.
@@djh4328 It's only a matter of time before the Earth falls into the sun too. LOL In ten years silver will still be between $18 and $25 and they will still be saying that there is a shortage and that it will skyrocket soon.
Don’t get numb to the message I still believe there’s value in holding this. If the economy totally tanks, people may rush into silver because it’s something of value you can hold. Just don’t throw all your money into it banking on getting rich off this investment quick to set you up for the rest of your life. And don’t depend on the silver play with all your assets
The price of silver should be $100 an ounce or more so it makes it worth recycling from products that are just thrown into the landfill. Would you throw gold into a landfill?
There has been a worldwide shortage of refined silver for the past 10 years as the demand has been 25% higher than production. This caused a dwindling supply of stock piles. There is plenty more in the Earth but the need for energy increases.
There is no shortage of silver. Anyone who wants to buy silver can. Silver gets mined no matter how low the price, because most of it is a by-product of mining other metals.
I have been hearing this news of coming silver shortage for the longest time. Early years, lots of people panic and bought but now with the same news, no one is biting it. Its the cry wolf story.
Just read the comments. Silver is the most hated investment on the planet. One day this is going to erupt like a supervolcano, but until then it's going to be long and boring. This is not for the impatient.
@@Wargasm54 Silver and gold have been money for thousands of years, since the dawn of civilization, so say the anthropologists of the earliest humans. The current fiat monetary arrangement is an aberration from the norm, not the norm, or any kind of stable, sustainable foundation. Fiat currencies are failing world-wide. We're getting much closer to the monetary paradigm shift back to historical norms by the day.
The reason for high premiums is that there is a shortfall of REFINED SILVER. There is MASSIVE amounts of raw, physical silver above ground. Silver is so cheap and plentiful, they may start using it in catalytic converters.
These guys are as bad as the crypto bulls🤦♂️ I get it...every one of them want their bags to go. But unfortunately all these guys have been wrong. Silver peaked at around $30. That's something that these bulls are not willing to accept.
i bot into silver because i believe david morgan is a very genuine guy. I admire his stamina for saying the same things over and over again for decade. but i think i run out of stamina already.
@@pablo369 i don’t agree.. with the us dollar being replaced they won’t have the power to suppress it any longer. you see below 18 dollars it is not worth the miners to keep there machines running so the us government has done a great job keep the price slightly above that so we can continue to manufacture all the things we love and desire. but over the next decade with everyone buying the silver and manufacturing continue to increase it is just a matter of time before there is no more silver. but i could be wrong so it’s important to buy other things as well. 🙏
India has already imported TWICE as much silver as they usually do in one year.. and we still have 1/3rd the year left India made a HUGE move on Silver No way any silver is left. APMEX is a sovereign mint.. and they had issues finding silver, during the 'short silver' campaign
Nice interview Mister David Morgan. I am only surprised to see you here on Kitco. Is this the same Kitco that has made a lot of (wrongfully) trouble with Johm Adams?
Oh...hilariously enough. Even though I would have never bought Bitcoin....one more reason not to was that the silver pumpers were the same ones who were spuiking Bitcoin.
New week up as many FOMO in. But the AMZSR2 story isn’t over yet. The only strat that works under all circumstances is DCA all the time with solid, large companies (not hyped ones).
David Morgan has been talking about a worldwide silver shortage for 15 years, but the price of silver is flat since then? And let's stop this "silver is money" saying.
I e been around silver for over 15 tears andDavid Morgan has been consistently wrong on o silver price. Beware of his BS. For example silver would never go below 26 dollars, yea, right.
The amount of silver rquired by industry will keep increasing for many years. There is plenty of silver in the ground to cover that demand, but the cost of extracting will rise to get at certain deposits and if the world demands more silver then the world will have to pay for it. It will happen, just not overnight!!!
with 7000 excess deaths per month (compared to the 5yr average) in the UK alone, people need to be thinking about collapse, not a sudden demand for solar panels
@@drmodestoesq The consumption happens in the form of Silver foil used to decorate sweets. Also, many rich people use Silver utensils instead of stainless steel to serve food.
This is odd. Why are there so many comments essentially parroting how silver won't go up in purchasing power or price on a channel that would normally cater the opposite of that?
All we here about is a shortage I think all the people that sell it say that as a way to sell. Let bread or milk go on a shortage and see how much it cost at the store if they have it.
future is lower than spot for months, i think it means that not much buyer. In 2020 at many instances it went up 50 cents above spot. Now have been below spot for many months. Only a few days 3 cents up. This is the squeeze to the other side.
There will be nothing of sort. Silver is considered industrial metal before it's considered PM. And it's not attractive as investment, due to how stacked the market is. There simply isn't any "pump" unlike Gold which is pumped by central banks and big investors. There isn't much "fat" in silver, and no real reson why there should be one. Silver isn't particularly rare, often mined as by-product of mining copper or other metals - so it has this large inflexible supply component that's not going anywhere. So I don't really think supply side will have much to say there. Demand needs to sharply spike to attract speculators to pump it. Else it will be just moving 10-30 USD range in some weird cycles.
The precious metal companies should come together and make a cocktail like a pic and set the prices for gold and silver ect. Then and only then metals prices will go through the roof in price.
I agree. I will say, this is the first time Mr. Morgan has had something worth listening to. Typically I'm outta here in the first three minutes (talks a lot but typically says nothing).
My god hes saying we actually have the resources like gold and silver mines but the states won't let the people mine them. Honestly think we need this more than ever given how bad things have gotton and a more than possible economic collapse.
He’s been preaching the same thing for past decade. If there was any squeeze coming price would reflect it by now. But for some reason institutions don’t buy into this negative. Only his opinion with no hard evidence.
I got burned by silver ten years ago. Lesson learned. Yes it's in short supply, but that's still years off, and new technology may yet reduce our needs.
It seem that buyers of gold and silver are getting older and older. Young people dont understand the value of the metals only older which used it before the internet was developed.
I have heard silver shortage and silver squeeze over and over , I steady buy , but pay no attention to the hype . One day silver will shine .
no it won't 😂
One night rather. When China will introduce gold backed system. Could be in 2024, could be in 2029 or never
@@pablo369 I guess you haven’t been paying attention to world bubbles, inflation, and banksters moving to digital currencies the world will inevitably reject?
Silver may shine in the future. It's definitely way under priced currently and the demand for it will surely grow. But also remember the industrial applications that will be in dire need of silver should hike the price of silver but that would also in return need to hike the price of these applications and products that use silver. For that reason silver could very well forever be suppressed.
No it won’t. They just make more technology to extract it
Same story, different day / month / year. Nothing will change until institutions are held accountable for loaning out more silver than they own. It's straight up criminal, and yet, where's our regulatory agencies? Chasing minor infractions, while winking and nodding to institutions. Kitco could do a public service by constantly exposing the practice until something gets done.
Yet how many times have you heard people talk about how investing in ETFs is a great deal. If you don't have it. You don't own it.
To answer your question, " where us I our regulatory agencies ", they're in on it!
@@rehoboth_farm I am guilty. I have physical silver, and also an ETF. I'd love to swap the ETF for physical, but I'm not about to pay the huge premium for Silver Eagles which has gotten out of hand.
Spot on
I, for one, appreciate the reduced prices from our LBMA and COMEX overlords
I’ve been hearing about a supply crunch / short squeeze in silver for over decade.
lol exactly
yea almost
I'll go you one better. For decades, UA-camrs have been making compilation uploads that show dozens of the short squeeze stories and UA-cam pieces.
When was the last time inflation was over 10 percent in the last ten years?
@@stage274 It's artificial. It's a planned demic inflicted supply interruption. Will it continue? WHO knows.
I've been listening to hopeium since I started stacking back in 2012. Nothing short of a currency reform and total draining of the swamp is going to put silver prices where they should be.
so never
And we know that will never happen..
Yikes you bought the top
Cool, that's when I started stacking.
@@mikehawk4856 2016 and 2020 made up for it. And he's a stacker, so...
A thousand reasons silver should be much higher. Yet here we sit barely holding onto the paper price of $19. Ridiculous!
There you go.
So what’s wrong with that ? You should be happy…. I really don’t understand why you people don’t want to do anything and make money of selling something this is more ridiculous. Silver and gold price are real money if you want them higher you are asking for a weaker dollar and a weaker America so congratulations on being selfish. Hold silver for preserving wealth not because it might be next bitcoin.
Yeah indeed. And it may go lower even
@@joergkalisch7749 Ya, people forget that silver dropped to $12 in 2020. $18 is the long term average, and we are headed there again.
And yet prices go DOWN...yet again.
lol 🤣 I don't understand why these people are not getting more hate...They clearly making a living from their reports exactly like he said word for word ... They would be bankrupt and in the street if they were living of investing in Gold and Silver 🤣
@@TheBossEntrepreneur They do. The silver community has been warning people for literally decades about these people.
Until they wont
After all This is a BS establishment propaganda Channel.
@@stevemiller8895 totally misled by them.
David Morgan is spot on with that last call, with the ratio at 92-1 I’m only buying silver even if the US dollar is killing our exchange rate.
If it ever gets south of 50-1 I’m trading into gold.
Back up the truck.!
Thank you David and David 😃
That's true buddy once you can buy it close to spot
I'm going to do the silver community a huge favor. On Monday morning I'm going to sell my entire position and holdings. That should ensure a massive spike up.
I will offer spot price
Are you being serious or cynical?
Put your money into an investment that actually does something
@@Administrator7
Such as?
@@GORILLA_PIMP Tax liens... Great interest rates while going through the mandatory waiting time and backed by an asset that is insurable. I am not a financial advisor just a person that has put a lot of thought into the current state of the country and economy.
Silver collectors need to understand that the industrial silver consumption is only because the price/performance ratio is ok right now. If Silver price rises then the electronics industry will shift to alternative materials and shift very quickly, if the price of silver rises too much. All the youtube channels and experts go on and on about industrial consumption -- it's a commodity with viable alternatives. Don't look at industrial consumption, the key to silver's market price is currency traders.
That makes more sense than a dozen interviews with experts.
You can’t replace silver except with gold and that is much more expensive. Silver has the ability to not expand due to electricity conduction so it is very important for use in highly sensitive electronics and circuitry. If silver could be replaced with something like copper which is notably cheaper it would have been done, don’t you think?
If they could of replaced it they would of already done it . They’ve been trying to solve that riddle for ever and only been able to use slightly less silver especially in Asia .
Good observation. We saw that play out with the switch fro. platinum to palladium.
every year there is supposed to be a silver shortage and it never happens
True.
There's no silver shortage despite people hording it. Just because a specific coin like and Eagle may stop production for awhile doesn't mean that there is a shortage of silver for industrial use. Which is the real driver for the price. A bad economy means less silver is needed in manufacturing.
Then explain why the US mints shut down production of 2022 products due to shortages.
@@my3dviews There is no drive for price it is set by JPMorgan and high frequency trading, the price is not even relevant. Silver at 18.29 but an Eagle is 38. Silver at 26 is a steal even though you should have loaded up at 15 you would have already doubled your investment.
@@RkicF8 A silver Eagle is always going to be way above spot, because it is a one oz. coin.
The silver price is not the price of a one oz. coin, but that of large 1000oz bars bought in bulk by manufacturers. A comex contract is for large quantities of silver, that's why the price is that low.
If you want to get close to spot, you can if you buy one of them. SD Bullion has them for under $21/oz.. Less than $3/oz. above spot.
TONS of physical silver available. Only refined product in short supply.
Sure, just like TONS of 5000 sqft mansions are available. Just none of them cost below $100k. How bizarre?
Valid point
SİLVER IS 19.05 usd per ounce TODAY , calculating value of USD (CPI calculator US Bureau of Labor Statistics) due to inflation for example 5 years ago USD
I calculate 15.74 USD today. In July 2017 it was 17 USD per ounce so in real terms Silver is cheaper than July 2017 Today. Two ways to look at it today, a very bad investment of yesterday or very good investment to buy today at such a low price :)
There's not many actual silver mines. Silver is mostly a by-product of mining other metals
Great morgan the silver pumper.. There is no shortage.. Manufacturing is dead and no demand for silver or gold...
I've hearing about this....for the last 15 years......
That old song by Ruby and the Romantics “Our Day Will Come” starts playing in my head.
Mr Morgan has been spouting this for many years... maybe one day he will be right
no he won't 😂
Spoken like someone who's never traded. Timing is always the most difficult aspect..and have you bought an oz of PHYSICAL lately... $25-30 minimum... the paper price is a scam
@@pablo369 how's your btc doing 🤣
@@MjJones2020 mines doing awesome! I bought Bitcoin at 6k two years ago. So yeah, it’s been the best performing asset, still! Even in the bear market! My gold is also doing great though. I started buying gold at 1200. You gotta have both now a days. I save in gold and I am investing in bitcoin.
@@goldenbanjo197 nice entries. Bought my first btc at $200. Lots of silver in the teens.
My favorite interviewer, David Lin, and my favorite interviewee, David Morgan!
That's because you are lacking the ability of critical thinking, WTFU! This is a propaganda channel!
There will never be a shortage of paper silver and that's all that really matters. Those that control the price use it to keep physical down and they aren't going to stop anytime soon.
We shall see
@@denniswidles9502 says the bag holder
I think the derivatives market's days are numbered as well as the banking system. The digital dollar isn't too far away.
They're pumping money into the debt market now to keep it from causing a liquidity crisis. This would cause a meltdown.
Lol exactly
Gonna take armageddon to get rid of the paper game
Well once folks get smarter and request physical delivery the fun starts . Only a tiny spark needed then . For now the logs are still wet. But drying they will. Just takes time
Silver will shine bright in a derivatives collapse reseting digits
Old David has been pushing SILVER TO DA MOON !!!! For 20 years. One day he will be right.
20 years ago silver was $4, peaking at $48 in 2011. It is hovering around $17-20. Was David really wrong 20 years ago?
@@styx814 compared to the S&P 500 over 20 years….yes he was wrong.
Can we assume at this point that basically Solar demand is just filling the void left from film demand.
Not even close
Efficiency improvements are quite dramatic
Let's see. Housing and gas prices have doubled in the past 18 months. Food and energy drastically higher. Inflation at 40 year high. Silver premiums between 18-25%. To break even you need a 75% rise in spot. Good luck.
The Silver shortage that NEVER came...!!! It was supposed to happen 15 yrs ago, 12 yrs ago, 10 yrs ago, 5 yrs ago,...blah, blah, blah.
Bought at $5.50 sold half at $40 bought more at $15. Seen this before. I’m buying.
The final point made, about buying silver now, then trading, for higher weighting of gold, in the future, alone made this video worth the watch. Thanks.
Shortage of silver and yet it’s getting clobbered down to $19 as of today. 😂
Manipulated down, yes.
I appreciate David Morgans review but, in all honesty, I have heard this story forever, and it never happens.
I believe it only a matter of time and when the "manipulators" of the market start dying off and the actual real correction will take place.
Time = $$$$$
@@djh4328 It's only a matter of time before the Earth falls into the sun too. LOL
In ten years silver will still be between $18 and $25 and they will still be saying that there is a shortage and that it will skyrocket soon.
This interview could’ve been aired anytime in the last 12 years 🤣
4:38 Shows a 2022 Graph.
Don’t get numb to the message I still believe there’s value in holding this. If the economy totally tanks, people may rush into silver because it’s something of value you can hold. Just don’t throw all your money into it banking on getting rich off this investment quick to set you up for the rest of your life. And don’t depend on the silver play with all your assets
Silver going back down to $15
The price of silver should be $100 an ounce or more so it makes it worth recycling from products that are just thrown into the landfill. Would you throw gold into a landfill?
There has been a worldwide shortage of refined silver for the past 10 years as the demand has been 25% higher than production. This caused a dwindling supply of stock piles. There is plenty more in the Earth but the need for energy increases.
If that is so, why is the price always so low?
There is no shortage of silver. Anyone who wants to buy silver can. Silver gets mined no matter how low the price, because most of it is a by-product of mining other metals.
Very good informational discussion about silver. Never heard about potential shortage issue until now.
again with the supply shortage FOMO... jesus, wash rinse repeat.
lol
@@AMP98765 Yes...but instead of years....2 decades.
Excellent report
Excellent thxu. David is very seasoned
I have been hearing this news of coming silver shortage for the longest time. Early years, lots of people panic and bought but now with the same news, no one is biting it. Its the cry wolf story.
When all buy sell it, when all sell buy it.
Just read the comments. Silver is the most hated investment on the planet. One day this is going to erupt like a supervolcano, but until then it's going to be long and boring. This is not for the impatient.
Silver/solar energy tech,"& advancements in new age medical care," we shall 👀
You don’t have to be impatient to not like silver. Just smart.
@@Wargasm54 Silver and gold have been money for thousands of years, since the dawn of civilization, so say the anthropologists of the earliest humans. The current fiat monetary arrangement is an aberration from the norm, not the norm, or any kind of stable, sustainable foundation. Fiat currencies are failing world-wide. We're getting much closer to the monetary paradigm shift back to historical norms by the day.
The reason for high premiums is that there is a shortfall of REFINED SILVER. There is MASSIVE amounts of raw, physical silver above ground. Silver is so cheap and plentiful, they may start using it in catalytic converters.
In the last two years every week talking about silver shortage and short squeeze , but unfortunately price is still under 20 dollars.
These guys are as bad as the crypto bulls🤦♂️ I get it...every one of them want their bags to go. But unfortunately all these guys have been wrong. Silver peaked at around $30. That's something that these bulls are not willing to accept.
takes time
i bot into silver because i believe david morgan is a very genuine guy. I admire his stamina for saying the same things over and over again for decade. but i think i run out of stamina already.
and it will stay under 20 dollars for many many years
@@pablo369 i don’t agree.. with the us dollar being replaced they won’t have the power to suppress it any longer. you see below 18 dollars it is not worth the miners to keep there machines running so the us government has done a great job keep the price slightly above that so we can continue to manufacture all the things we love and desire. but over the next decade with everyone buying the silver and manufacturing continue to increase it is just a matter of time before there is no more silver. but i could be wrong so it’s important to buy other things as well. 🙏
David Morgan on Kitco News, 2021-01-04: "Silver price starts 2021 strong; can it hit $40, David Morgan’s target?" (by the end of 2021)
There is no silver shortage, silver lobby at it again!
heard it all before , will it ever end .
India has already imported TWICE as much silver as they usually do in one year.. and we still have 1/3rd the year left
India made a HUGE move on Silver
No way any silver is left.
APMEX is a sovereign mint.. and they had issues finding silver, during the 'short silver' campaign
Based on sivers history. Fifty dollar price happens every 30 yrs. So we have approximately 18 yrs. to wait.
🤣🤣
Silver shortage debate for years but price still go nowhere
There is no shortage in silver. It's readily available everywhere. And it's dirt cheap.
Meanwhile silver prices are collapsing. Sounds like there’s a glut
The bankers think that as long as trees can be harvested there will be lots of silver.
good analysis
Great interview. Thanks.
Could you please talk about AMZSR2 it’s very strong and took off in short time thanks
Nice interview Mister David Morgan. I am only surprised to see you here on Kitco. Is this the same Kitco that has made a lot of (wrongfully) trouble with Johm Adams?
Awesome interview. The two David's kick ass. Thanks again Kitco
Get hard assets ASAP guys 🥈🏅🥈🏅😀👍
Yet silver continues to go down. My best investment decision of last year was to leave silver for JB's oil boost.
David Morgan is a great guest.
he's a scam artist
Still seeing more shorts being placed in the short term waiting to see if more buys are below these levels
Ohh since 20jears silver shortage, Max Kaiser, Mike Maloney, silver 500. Omg
Oh...hilariously enough. Even though I would have never bought Bitcoin....one more reason not to was that the silver pumpers were the same ones who were spuiking Bitcoin.
I like that last recommendation about trading the gold:silver ratio longterm… good advice
For whatever reason(s) these "spikes" just don't happen...
Doesn’t this guy get tired of shilling this same non sense for the past decade
Truly love your candidness, I DCAed today again for BTC AMZSR2 and ETH
will 2023 finally be the year silver rips?
Great conversation
yep
New week up as many FOMO in. But the AMZSR2 story isn’t over yet. The only strat that works under all circumstances is DCA all the time with solid, large companies (not hyped ones).
David looked a lot younger when he began his silver thesis.
Buy steel and lead.
Love David Morgan! Awesome interview
David Morgan has been talking about a worldwide silver shortage for 15 years, but the price of silver is flat since then? And let's stop this "silver is money" saying.
I e been around silver for over 15 tears andDavid Morgan has been consistently wrong on o silver price. Beware of his BS. For example silver would never go below 26 dollars, yea, right.
Hongkong Dollars 💸. Not USD 😎
Awesome 👍
David "wrong about everything" morgan. Hi DAve
The amount of silver rquired by industry will keep increasing for many years. There is plenty of silver in the ground to cover that demand, but the cost of extracting will rise to get at certain deposits and if the world demands more silver then the world will have to pay for it. It will happen, just not overnight!!!
We have been running out of silver for a decade and yet the prices keep falling😂
By design they hate silver .
with 7000 excess deaths per month (compared to the 5yr average) in the UK alone, people need to be thinking about collapse, not a sudden demand for solar panels
Buy SCI stock
Here I sit stacking metal and all I got was a tulip petal.
TLDR.. please please BUY SILVER. Retail FOMO initiatoooor
In India we eat Silver.👌
If that were the case the price would be a lot higher. 1.4 billion people in India.
@@drmodestoesq The consumption happens in the form of Silver foil used to decorate sweets.
Also, many rich people use Silver utensils instead of stainless steel to serve food.
🍚🍴🍽🕵🏽♂️👂👀😂😂
Don't forget about Election Year Economics. 😉 Things have a way of looking better then it really is during important election years especially.
This is odd. Why are there so many comments essentially parroting how silver won't go up in purchasing power or price on a channel that would normally cater the opposite of that?
All we here about is a shortage I think all the people that sell it say that as a way to sell. Let bread or milk go on a shortage and see how much it cost at the store if they have it.
Drinking game: take a shot every time this dude says SILVER
Creating fear so investors will buy.
future is lower than spot for months, i think it means that not much buyer. In 2020 at many instances it went up 50 cents above spot. Now have been below spot for many months. Only a few days 3 cents up. This is the squeeze to the other side.
There will be nothing of sort.
Silver is considered industrial metal before it's considered PM. And it's not attractive as investment, due to how stacked the market is. There simply isn't any "pump" unlike Gold which is pumped by central banks and big investors. There isn't much "fat" in silver, and no real reson why there should be one.
Silver isn't particularly rare, often mined as by-product of mining copper or other metals - so it has this large inflexible supply component that's not going anywhere. So I don't really think supply side will have much to say there. Demand needs to sharply spike to attract speculators to pump it. Else it will be just moving 10-30 USD range in some weird cycles.
The precious metal companies should come together and make a cocktail like a pic and set the prices for gold and silver ect. Then and only then metals prices will go through the roof in price.
But you could say that about any commodity. Especially a mining commodity. And to some extent it does happen.
And the obvious example is OPEC.
Years after years we expect the same: as...silver will grow....but stays the same level. Got boring.
Respectfully, I have been watching interviews with this fellow for years. He is always wrong about silver.
I agree. I will say, this is the first time Mr. Morgan has had something worth listening to. Typically I'm outta here in the first three minutes (talks a lot but typically says nothing).
My uncle said pumpers tend to come out on fridays
100%, great advice, buy the dip.
My god hes saying we actually have the resources like gold and silver mines but the states won't let the people mine them. Honestly think we need this more than ever given how bad things have gotton and a more than possible economic collapse.
David can you get Gary Schilling on he nailed 08
Stop Talking, keep stacking..........😉
Then why did Silver close at $18 and some change today $18 is the break even point at Mining silver
Talking his book MUCH?
Hold on to your Physical Silver!!!!! debt clock shows 1,400 an ounce already!!
He’s been preaching the same thing for past decade. If there was any squeeze coming price would reflect it by now. But for some reason institutions don’t buy into this negative. Only his opinion with no hard evidence.
I got burned by silver ten years ago. Lesson learned. Yes it's in short supply, but that's still years off, and new technology may yet reduce our needs.
This guy has been telling this story since Adam and Eve.
It seem that buyers of gold and silver are getting older and older. Young people dont understand the value of the metals only older which used it before the internet was developed.