Run to Gold will be Unbelievable – David Morgan
By Greg Hunter’s USAWatchdog.com
Precious metals analyst and financial writer David Morgan says we are very close to a bottom in silver. Morgan contends, “I am biased, but objectively, there is no cheaper hard asset out there than silver. I mean it is so undervalued. It’s unwanted, it’s unloved, it’s misunderstood and there are very few people who want to get into this market at these lows. I found that true when I started the website.”
Back then, in the early 2000’s, Morgan was calling a bottom in silver, and he was proven correct. Back then, Morgan pointed out, “I said inflation adjusted, silver was the lowest in all recorded history. I said if you want to be a value investor like Warren Buffett, and if you want something that is cheap and you want something at the bottom, well, here’s the bottom. . . . Hardly anyone would do it. I wrote an article back then about how people don’t buy bottoms. They want to, but people buy momentum. . . . People want to jump on the train when it’s already moving. . . . Gold has gone from $1,045 (in 2015) to $1,300 . . . I think there is enough momentum on gold to bring silver up from this level. I do think the bottom is in or close to being in.”
So, precious metals won’t go much lower but are going much, much higher in price. Morgan explains, “If we see the equity market start to fall off in a major correction, I’m talking more than 20%, I think you will see a run to gold and a confirmation in the silver market. In my analysis, I’d say we are on our way up to the largest move in the precious metals market I have probably ever seen in my lifetime. . . . There will be a run into gold because the bond market is really not a safe haven as it is touted to be. How safe is something that there is $43 trillion ($22 trillion official federal debt and $21 trillion ‘missing’) in debt that cannot be repaid in any way, shape or form? You’re going to pay it off in dollars, and you will just print the money up and you will have it worth less, and worth less, and worth less, and then it’s worthless. Or, you are going to have to see these bonds default where you are going to get 60 cents on the dollar, or 50 cents on the dollar or 20 cents on the dollar. That’s more unlikely. The most likely case is that they will just print their way out of it, which means you are defaulting on the currency itself. Once that psychology hits the market, there will be a run to gold that will be unbelievable. There will be no place else to go.”
Morgan warns, “I think you have three to five years at the most where you see this blow off, where you see things go back to the mother nature of finance. These things will get reset. What does that mean? It means everything will get repriced: the stock market, bond market, housing market, commodities market, money itself, interest rates, everything. Everything that has to do with the way we operate in the financial sector gets repriced.”
Rapid inflation will come at some point, and Morgan says, “That is what the banking establishment fears the most. Once that happens, it means they have lost control.”
Join Greg Hunter as he goes One-on-One with David Morgan of The Morgan Report.
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About the Author
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.
Thanks Greg, I really enjoyed my drive home listening to this.
I think there is definitely a NWO entity in play.
Thank YOU AA for all your support and comments!
Greg
And we value all your support in the struggle to maintain the only democracy in the ME. All the best from Tel Aviv Greg.
The NWO is an evil demonic plan to set the world up for failure for the pleasure of Satan. People who sin like to say it’s natural, well animals kill, steal, have homosexual tendencies and even eat their own babies, so why can’t we humans do the same? Such a notion leaves out the fact that sin was not present in Gods original creation before sin entered into the world, and just because we see sin in nature does not mean sin is natural, sin is not natural in the sense that God did not make us this way. The “can animals sin” argument I know you probably have questions about that and I am not going to comment on that as of yet because I am not sure how sin works with animals but what we do know is that animals did not sin or perform behaviors that resemble sin before the sin entered into the world according to the Bible.
What is wrong with Gay people?
Their anuses are usually buggered for a start.
Being gay goes against what we are biologically designed to be and do.
You can love people as a friend, nobody is saying that your love is only limited to people of the opposite sex.
The god of this world was given authority to give authority to those antichrists who choose knowingly or unknowingly to worship his world as a part of the corporate body of “antichrist” often referred to as the NWO:
Luke 4:5-7 And he led him up, and showed him all the kingdoms of the world in a moment of time. (6) And the devil said unto him, To thee will I give all this authority, and the glory of them: for it hath been delivered unto me; and to whomsoever I will I give it. (7) If thou therefore wilt worship before me, it shall all be thine.
1 John 2:18-19 Little children, it is the last hour: and as ye heard that antichrist cometh, even now have there arisen many antichrists; whereby we know that it is the last hour. (19) They went out from us, but they were not of us; for if they had been of us, they would have continued with us: but they went out, that they might be made manifest that they all are not of us.
Jesus promised us that there will only be two corporate bodies on the earth by the time He returns. The sheep who make up the body of Christ whom He will set to His right and the goats who will make up the body of antichrist that He will set to His left:
Matthew 25:31-33 But when the Son of man shall come in his glory, and all the angels with him, then shall he sit on the throne of his glory: (32) and before him shall be gathered all the nations: and he shall separate them one from another, as the shepherd separateth the sheep from the goats; (33) and he shall set the sheep on his right hand, but the goats on the left.
He then established His requirements to be a sheep or a goat in Mathew 25:
Matthew 25:34-40 Then shall the King say unto them on his right hand, Come, ye blessed of my Father, inherit the kingdom prepared for you from the foundation of the world: (35) for I was hungry, and ye gave me to eat; I was thirsty, and ye gave me drink; I was a stranger, and ye took me in; (36) naked, and ye clothed me; I was sick, and ye visited me; I was in prison, and ye came unto me. (37) Then shall the righteous answer him, saying, Lord, when saw we thee hungry, and fed thee? or athirst, and gave thee drink? (38) And when saw we thee a stranger, and took thee in? or naked, and clothed thee? (39) And when saw we thee sick, or in prison, and came unto thee? (40) And the King shall answer and say unto them, Verily I say unto you, Inasmuch as ye did it unto one of these my brethren, even these least, ye did it unto me.
Matthew 25:41-46 Then shall he say also unto them on the left hand, Depart from me, ye cursed, into the eternal fire which is prepared for the devil and his angels: (42) for I was hungry, and ye did not give me to eat; I was thirsty, and ye gave me no drink; (43) I was a stranger, and ye took me not in; naked, and ye clothed me not; sick, and in prison, and ye visited me not. (44) Then shall they also answer, saying, Lord, when saw we thee hungry, or athirst, or a stranger, or naked, or sick, or in prison, and did not minister unto thee? (45) Then shall he answer them, saying, Verily I say unto you, Inasmuch as ye did it not unto one of these least, ye did it not unto me. (46) And these shall go away into eternal punishment: but the righteous into eternal life.
The Lamb’s book of life will be the final role call of the sheep:
https://sumofthyword.com/2013/03/06/book-of-life/
If you are a Christian you should pay close attention to what China is doing, China is waging cyber warfare against the world, China and its government controlled internet are a threat to worldwide civil rights and freedom https://youtu.be/zNkzxUI_yZ0
Look at this website, it explains a lot of things about the end times: https://defendproclaimthefaith.org/blog/tag/dane-wigington/
Anthony … you may not be listening for very long … as Australia’s “Gestapo” just raided the offices of a “true news radio station” that had the unmitigated gall to freely speak about the war crimes the West committed in Afghanistan!! … https://www.zerohedge.com/news/2019-06-05/australian-police-raid-abc-over-leaked-afghan-war-crime-stories
Yep, all over the news here Pauly. Media are reporting this with forked tongues.
https://www.theage.com.au/politics/federal/afp-opens-door-to-prosecuting-journalists-after-raids-denies-government-interference-20190606-p51v77.html
Huge precedent!
Hi folks….
ON AN UNRELATED TOPIC…..
I have not posted for a while but am a PM “investor” and follower of Greg who I see as a champion of freedom and all..
I am no conspiracy theorist either….. BUT….. do see what has been happening and follow this sight.
I would like to talk a bit about the Illuminati and the distraction they cause to the masses…. admittedly me myself to some degree…… *blush
Perhaps this topic has been talked about before and I missed it. So forgive me if it has BUT…..
It is not really a topic at all but I wanted to point out an observation about the “Illuminati” and all that I have made. I BELIEVE that God gives us all talents and honors the true grit and blesses those who pursue to excel in their talents… it takes A LOT now-days to excel in them….and MAKE it big…. more so than the times of Johnny Cash, Elvis, or even Aerosmith or Metallica…..
But this show, AGT, i.e. America’s Got Talent has some AMAZING talents that all but blow your mind away and all…..
When you see some of the AMAZING performances and all.
So, I as a humble dude who is somewhat perplexed.
Not tricked, but just thoroughly entertained by such talent. I mean some are beyond any expectation of what a human can logically accomplish. GOOD FOR THEM.
Remember, these are God given talents that through hard work and perseverance they HAVE excelled at….
But my question and concern is this….
Are they being perhaps lapped up by the Illuminati as the elites choices? They WILL want their court jesters after-all won’t they? For their plans for later and all IF they win….. So do not judge these folks or me for liking them….
While it is just a TV show, has anyone ever thought that it could be a gathering FOR the 10%of the Elitists…. to find the worlds new entertainment jesters? Aside from the Katy Perry’s already in their guild.
Just a thought.
Some of these talents are so truly AMAZING. Good for them. It’s just sometimes I think these shows seem to be a gathering of some sort…. Like they are almost being reigned in by the elites, with contracts and all so the elitists will have plenty of entertainers. (jesters) left after they try to destroy the other 90%.
Just wondering if anyone else see’s it if you even stoop to my level and watch some of these performances. Some are beyond imagination…..
Thanks,
Rich
RichM … I watch some of the performances of our politicians in complete amazement!!!
Some people feel it’s time to hold Hillary accountable “for trading with the enemy” a treasonous offense that carries the death penalty … there is no denying that she traded political IOU’s for Fed IOU’s with many enemy governments of the United States of America (like the Saudi’s who did 9-11, Russia with the uranium deal, China, Iran, etc., etc.) … now if Trump is not going to execute her … shouldn’t we at least hold her proverbial feet to the fire (for what she has done here on Earth before Satan gets the rest of her in Hell)!! … https://www.zerohedge.com/news/2019-06-04/time-hold-hillary-accountable-shit-she-pulled-solomon
Not sure about those specific shows…but true…many end up in Masonic halls, national sports leagues were organized by masons. and many movie and music talents as well.
Easy to google and find the lists… Forms of the bread and circus to keep the sheeple distracted and ‘spellbound’ and led by ‘idols’ , much has not changed, same as ‘legalese’ which bind by CON-tracts…turning right to ‘illegal’ and wrong to ‘legal’ by pledge, promise and swearing? Yes, an image a nation’ of sorts of the Holly wood stick of the wizard for sure it.
Those at the top seek full spectrum world domination and if they can usher in the (TOS) internet of things, then they can control every part of our lives and the mark of the beast is all about controlling the soul, very few sins are mentioned in the Bible that you cannot repent from or be forgiven for, and that is taking the mark of the beast and I believe blasphemy against the Holy Spirit, these are very serious sins, and the technicalities or implications that receiving the mark of the beast Ian that the mark will do something to your soul that will quench any desire or ability to repent, the mark of the beast probably has a lot to do with mind control and artificial intelligence.
I am interested to see what effect the rapid growth in electric bikes, scooters as well as cars, will have on silver demand. I see the market for smaller electric vehicles, such as bikes, expanding much more rapidly than the electric car market.
And the plot, begins to thicken.
https://www.rt.com/business/461111-venezuela-gold-deutsche-bank/
Did you notice what Deutsche Bank used for colateral ? It wasn’t Bitcoin. Correct me if I’m wrong, but didn’t Russia already transport Venezuela’s gold out on military transports a few months ago? This whole thing looks like a smokescreen, to reassure investors that Deutsche Bank still assets to cover its debt. I’m not buying it.
We can all breath easier! Deutsche Bank stock is back up to 7.01.
https://www.marketwatch.com/investing/stock/db
I guess the news of the Fed cutting interest rates AGAIN has created confidence in the markets. Chuckle, chuckle. Same old play book. Print money. Cut interest rates. If money is free, why am I still paying taxes? I’m thinking seriously about joining the welfare roles. Debt doesn’t seem to matter.
Debt matters for us.
Not for them.
Jerry … that may have been Stan “using leverage” to move Deutsche Bank stock up from 6.66 (which is a scary number for some people)!!
Stan has made a profit. The man is a genius!
and well below the price that Nenner said would cause a crisis for Deutsche Bank ($7.40). NOTHING HAS CHANGED!!! What catastrophe was Nenner referring to? The ECB will still prop it up whether it is trading at $7 or $70. We don’t have FREE MARKETS that would allow a collapse.
K,
Get the quote right please. The number Nenner said was $6.40 USD.
Greg
Stan’s on a winner there. 😉
K.
Wasn’t Stan buying DB at $8 and above?
Greg
Excuse my sarcasm. I couldn’t resist.
But you are absolutely correct about Stan’s “best ever” trade.
”Hoping for a recovery” ….he would be better served taking his losses before he loses everything.
There are whispers of raised eyebrows on the faces of some Elite Financial Wizards relating to something very serious occuring in the background and is being hidden ….but causing much angst behind closed doors.
In my view it could be a major credit event….stemming from failed China and Europe Bank/ sub prime bonds/ debt. Whatever it is its causing a melt down behind the scenes.
This looks and feels like 2007. I sense something is about to crack wide open and they are struggling to contain it.
K.
DB is $6.75
Greg
Look up Vigilant Citizen.
(Hi, Greg!)
That was meant for RichM, above you. Sorry.
Great interview! Thanks.
Even with a 500+ point Dow rally yesterday – and futures up over 100 points this morning – bond yields are still crashing and gold is still zooming.
I’m not saying this is “the tipping point” but it sure bears watching.
The govt must soon stop this gold rally or the dollar’s in big trouble.
On the other hand, a lot of people are buying bonds right now and the govt doesn’t have to pay much interest on them. Maybe govt is willing to let gold rise as long as the (nearly) free money train continues?
Oil’s looking good too – and by that I mean lower prices for Joe Citizen at the pump: extra dollars to spend elsewhere. I’ll be spending mine on metals and toys. Maybe a new shotgun and an EOTech holographic AR sight?
One good thing about Trump – he’ll surely dump a load of this bond-windfall on the US military.
As David Morgan says: “People don’t buy bottoms” … they want to see things move up first (to give them the confidence to jump in) … usually at the top … well … gold is at a top (when priced in yuan) and has now broken out of a very tight trading range … closing over 9000 yuan for the first time since 2013! … so will investors now have the price confidence to own gold-related investments? … the only thing missing is the political confidence to jump on gold … but Trump seems to have taken care of that department … with his Trade War with China … now there is very little doubt that China will respond with a “Gold War” against the US (the same way the US used a Cold War with Russia and put them into bankruptcy with the downfall of Brezhnev) … China has been slowly laying the groundwork for establishing a new monetary reserve system that replaces the US dollar with paper currency linked to gold (and the BIS has already “anointed gold” as a risk-free asset that banks can use like cash to back up their loans) … Chinese banks already have stockpiled “major gold holdings” to fight a Gold War with the US (that has leased out all their gold) the same way they have stockpiled rare earth minerals … so the case for the American people owning some gold has never been stronger … the only a question is … when will gold that has broken out in terms of Yuan … break-out in terms of the US dollar?? … evidence is growing that it could be lot sooner than most people think!! ( https://www.kitco.com/charts/popup/au24hr3day.html ) … with Trump’s “Trade War” in high gear the Chinese will likely put pedal to the metal with their “Gold War” (and officially launch a gold-based monetary system) … will US neocons (always looking for that elusive 100 year war they want) consider such a Chinese gold move an act of war? … probably … but China has been preparing well … they now have “the most advanced steerable hyper-sonic nuclear ballistic missile system in the world today” with the capacity to easily overwhelm “all the defensive systems the US currently has in place” … China is now on track to neutralize “the one last weapon the US has to brandish about” (the US dollar’s reserve currency status)!! … now I ask you … is that enough reason to have some physical gold and silver under your mattress???
I see it coming… and very soon … the Chinese “Gold War” against Washington’s un-backed fiat dollar IOU’s … is now gathering the support of China’s many allies (Russia, India, etc.)!! … https://www.zerohedge.com/news/2019-06-05/russia-china-enter-national-currency-agreement-putin-touts-uprecedented
While Americans “are kept in chains” and have to pay 24% interest on their credit cards to buy gold … the lucky Europeans can now go out and buy gold with a credit card loan (that pays them interest for taking out the loan) … so there goes the old cliche (that buying gold does not pay interest) right down the drain (at least for the Europeans)!! … https://www.zerohedge.com/news/2019-06-05/my-bank-denmark-just-offered-me-negative-rate-interest-borrow-money
China readies its population for the coming “Gold War” with the US … State media in China have been referencing the 1950-1953 Korean War to help rally patriotic sentiment behind the government … https://www.zerohedge.com/news/2019-06-05/dare-fight-china-says-use-korean-war-template-engaging-us
Italy is not going to wait for China to pull the currency trigger … they are going to do it now on their own … https://www.zerohedge.com/news/2019-06-05/brace-impact-italy-poised-launch-euro-parallel-currency
This is called mind control and mass propaganda Paul.
Greg
Greg: thanks much for having David on; still more evidence that you choose your interviews well and in a timely fashion.
We all consider silver for its historic monetary value. But few appreciate silver’s industrial uses. I believe that the big breakout will be not from demand by the solar industry, but from demand for water purification and medical anti-bacterial uses. Apart from the energy crisis, the next major catastrophe will be lack of potable water. Already most large municipal water systems have not been upgraded for a century and the quality of tap water delivered to citizens has degraded significantly. Unless something is done, and soon, water we now assume is safe will be undrinkable within a decade.
I, personally, have a Berkey filter which I use for drinking and cooking. I have filled up 10 five gallon containers to have in reserve. In each I have placed a silver coin to maintain purity.
As for medical uses, I think we all are aware that the medical care in this country has been degraded to such an extent to believe that it is part of a purposeful genocide plan similar to glyphosate in the food supply and DW’s geoengineering research. It’s come to a situation that when you go to a hospital you are likely to to be infected by a bacterium there and become worse off then when you arrived. Silver on all medical device surfaces prevents this to a great extent.
Again thanks for having David on. Try to get Ted Butler on.
Is there a project underway to implement an “e-SDR”?
https://lonestarwhitehouse.blogspot.com/2019/06/is-there-project-underway-to-develop-e.html
I shorted more Gold today and bought more Deutsche Bank. My year end target for Gold is $875. Oh, remember you all laughed at me when I was pounding the table to short Gold at $1874 a few years ago?
Only you remember that Stan.
Greg
Stan = Gina.
Deutsche bank currently at $6.67…before the stock market rolls over. And yes, Stan was bragging about Deutsche Bank around the $9 mark. Do the math…with borrowed funds no less.
Read it and weep Stan.
https://news.efinancialcareers.com/dk-en/3001253/kate-clifford-deutsche-bank
Deutsche Banks failed stress test will be published at the end of June.
Get out now while you still can. Angela Merkel cannot stop the collapse of Deutsche Bank without China’s help, and right now China is dealing with the tariffs imposed on it by president Trump.
Liberals like to tell us how great the economy is, they think they can both be godless and thriving, they are sadly mistaken, just look at what liberal cities and regions have become, it’s a disaster.
https://youtu.be/QHVKWgM-IoM
I live in the Pacific Northwest, and what I noticed is that the liberal agenda is mostly pushed by the media, entertainment industry and corporations, many people, especially everyday people who work hard and are living paycheck to paycheck are tired of having these agendas and ideologies pushed down their throats. The reason big cities are more liberal is because the amount of propaganda you are exposed to in a big city in your quotidian life is a lot when compared to a rural area, many of the propaganda comes in covert and subliminal ways whereby you are unconscious of your indoctrination. They are forcing their liberal philosophies on us, their materialistic, prideful, selfish money loving Philosophies on us, the best way to explain the definition of liberalism is that liberals are constantly seeking to liberate themselves from God’s law, liberals can come in the form of anarchist, communists, fascists and authoritarians or a combination of all of the above.
I’m a big believer in holding precious metals. I’m 90% silver 10% gold based on dollar cost. We cashed in my wife’s 401k and used the money to pay off our mortgage. We’re debt free now.
A few years ago I prayed everyday that God would give me a vision to know the time of year when the collapse would take place. I went to bed one evening. Just after I covered up I saw this in my mind: I’m standing outside my favorite restaurant. It’s been closed for some time. I see dust on the window and streaks where raindrops have washed the dust. I turn and see autumn leaves swirling in an empty parking lot. That’s it. As of today, the restaurant is still open and appears to be doing well.
The Mexican Drug Cartel Mafioso smart asses probably told the Mexican Government to to strike a trade deal with Trump to avoid the US sending in the Marines to burn down their poppy fields! … well it won’t work!! … at least I hope it won’t work!!! … https://www.zerohedge.com/news/2019-06-05/stocks-yields-dollar-jump-after-grassley-says-tariff-deal-mexico-coming-thursday
If the US is not going to go to war with Mexico … one of the stipulations of a US-Mexico trade deal should be: To require the Mexican government “to make it illegal” to grow poppy fields in Mexico … as these Gringo haters just recently passed a law “making poppy growing in Mexico legal”!!!
No agreement with Mexico has been reached so far … Tariffs begin at the 5% level (beginning on Monday) … then go higher and higher if Mexico does not agree to US stipulations … the higher the tariffs go the more US companies will move back to the USA (and therefore won’t get caught up in a US Military invasion to wipe out the Drug Cartels) … use of military force in this instance is justified … as it is a direct response to an attack by an “outlaw Nation” sending tons of drugs to our towns and cities to kill our children … while they send their kids here to be feed, clothe, housed and educated at “Gringo” taxpayer expense !!
THE ULTIMATE HEDGE OF THE AGES
The truth about gold is a reset of the global monetary system/financial system is yet to be determined. So, anyone who believes they know the best (future) investments for that day is at best a speculator or a very good Bernie Madoff knockoff. A new global financial system that is either based in gold, in-part, or in-whole is not assured by any means. It could go in any number of directions ( in other words, totally unpredictable).
So, a new global currency such as the bancor ( international supra-national currency) that is gold-backed remains only a “tail event”. As such, one should have ‘some’ gold in their possession as a hedge. However, the exact amount of physical gold is entirely a personal or individual allocation decision. Some experts suggest 5% of your net worth should be in gold and/or silver, but other suggest upwards of 10% and a minority say even more than that. No hard rules apply either way. The future is uncertain, as is the World. America is in social, political, and financial decline.
We just have to live with that reality anymore. President Trump is a welcome respite or pause in our collective decline, but the trend is anything but completed. We still have choice but so far, we remain a nation deeply divided as to which way we (all) want to go: Left or Right or UP. We have a ways to go before hitting rock-bottom like Argentina did decades ago, but especially after 2000 A.D. Argentina has been bouncing off the bottom ever since. They are dead meat, going nowhere fast, as they say.
Dave has been saying the same things for so long. The thing is, he’s right. At some point the mirage of fiat generated wealth vanishes and people will want wealth that holds its value.
People will want to own especially those things that have barter value such as Whiskey, cigarettes, cans of sardines ( as in prison), and such. Good old cash will always be useful as long as we have banknotes and even more so thereafter, as economist Martin A. Armstrong ( a numismatic collector) likes to point out.
( The United States has never cancelled its currency but European nations have done it repeatedly). For some individuals silver will also have value but gold is simply not widely held. How many cases of beer equal a ounce of gold? Not all that practical if nobody owns it. In addition, how do you know its really gold unless you are an expert or can have it assayed to determine authenticity. Counterfeiting is a real issue with most antiques and old coins. Just saying.
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSUvUayqXt7pLLhHa7ivnt5PTLiJiXSp4iBpiWDng72jQI6fTQF
Did David Rosenberg Just Stumble On The Genius Behind Trump’s Madness?
https://www.zerohedge.com/news/2019-06-05/did-david-rosenberg-just-stumble-genius-behind-trumps-madness
David Rosenberg @EconguyRosie
Maybe Trump is a genius, after all. What if he finally gets the steep Fed rate cuts he has been demanding? After that, he ends the trade wars, tariffs go to zero, and the stock market surges to new highs — just in time for the 2020 election!
1,007
5:54 AM – Jun 5, 2019
“Or will any rate-cut be the ‘sell the news’ event confirming The Fed must be worried about something? Trump’s 2020 run depends on it.”…IMHO PMs take off in either case.
“There will be a run into gold because the bond market is really not a safe haven as it is touted to be.”
Martin Armstrong also says it’s not a safe haven either, especially government bonds, if government says it’s not paying you have no recourse, you get nothing.
I’ve been hearing this run to gold, and all the hoopla for decades. Not to be taken as a gloom and doom person, but really? As longs as the Federal Reserve remains operational, the game of “who knows what’s coming next” will continue.
Gold and Silver today are mere commodities to invest in, or grab what physical you want.
Until the United States of America loses the World’s Reserve Currency status, gold and silver will be just that, a commodity.
I really don’t believe that the world will ever go back to Gold and Silver as the foundation of the medium of exchange. Thus, it’s value will be based on Wall Street Corruption, Corporate Theft, and Government meddling.
It’s true value must be suppressed or their theifdoms fall.
Nothing would be more deserving than America losing it’s world’s reserve currency status. We have abused the privilege beyond historical understanding.
Heck, Even D. Rothschild said just a while back at a conference when questioned about the banking world today, He said “who knows where it goes from here. We’ve never before been in this position”.
Time to lose that privilege.
Greg, The pot about to boil over…
https://thehill.com/opinion/white-house/442592-steeles-stunning-pre-fisa-confession-informant-needed-to-air-trump-dirt
https://www.theepochtimes.com/memo-shows-steele-revealed-bias-ahead-of-fisa-warrant_2922391.html
Christopher Steele/Tatyana Duran affair?
Wray now a member of the ‘FBI rat pack’ anti-Trump?
https://theconservativetreehouse.com/2019/05/07/current-doj-and-fbi-officials-hide-state-dept-email-outlining-political-motive-of-chris-steele/
https://youtu.be/r1dCp060KkQ
Who, How, When, Where and Why?= https://youtu.be/2Oh9ZSGuc0Q
You know … even Issac Newton got sheared in the South Sea Bubble … so don’t feel too bad for buying the recent dip in the Stock Market (thinking the Trade war with China was over) … it hasn’t even begun!! … hope that while you were buying the Dow you also bought some gold for protection … you know … just in case you might be wrong!! … https://www.zerohedge.com/news/2019-06-05/china-crackdown-us-companies-escalates-ford-fined-anti-trust-violations
Of course former Treasury Secretary Larry Summers (who now agrees with Trump) is suggesting a 50bps cut in interest rates right now (and more in September) to keep the Stock Market up … but we may need negative interest rates (like in Europe) to keep markets up … at least with negative rates … it will level the playing field so that Americans can get paid for borrowing money … to buy things like gold or stocks!! … https://www.zerohedge.com/news/2019-06-05/did-david-rosenberg-just-stumble-genius-behind-trumps-madness
However Peter Schiff Warns: “The Fed Is Going To Stimulate Inflation (Not The Economy by doing QE)” … quite possibly Trump will need to push for negative interest rates just to counter the deflationary effects of his tariffs !!! … https://www.zerohedge.com/news/2019-06-05/schiff-warns-fed-going-stimulate-inflation-not-economy
You know … the Fed has let it be known (via the St Louis Fed) that they are going to drop rates soon … dropping rates means less incentive to buy Treasuries with lower yields … therefore there will be less demand for dollars to buy treasuries … and a dropping stock market means less demand for dollars to buy stocks … so what will happen to the dollar? … https://www.clivemaund.com/charts/usd6month040619.jpg … clearly the dollar will move down … so a panic move by the Plunge Protection Team (PPT) must be launched to keep the stock market from breaking down below key support … they must try to head off a stock market crash … but will it succeed? … the PPT has much less room to drop rates (which would help the market but not the dollar) … so what seems to be coming is a dollar breakdown and a storm is already building against the dollar due to the accelerating global trend to de-dollarize by countries like China, Russia, India, etc. which has given added urgency to the US neocons to overtly bully these enemies and also our allies (by means of sanctions, tariffs and in some cases the threat of military attack) … QE was supposed to be an emergency policy tool reserved for “a severe economic crisis” … I guess propping up a stock market at the peak of the business cycle and empower ever-more government spending and debt is considered very important … as for the dollar … a lot is working against it … as it falls “is the exact time” to go into both gold and silver!!
China is pure evil Paul and that’s who it seems you are cheering on. You need to live there and make sure when you want to criticize the Red China government you make yourself known by your full name. See how that works out for you.
Greg
paul … seemed to be both informative and respectful in this set of comments. You might want to hold off a little there, Greg.
Please be careful who you buy precious metals from.
Read this today.. .
https://www.lacityattorney.org/single-post/2019/06/04/LA-CITY-ATTORNEY-MIKE-FEUER-SUES-LEAR-CAPITAL-INC-FOR-ALLEGED-UNFAIR-AND-DECEPTIVE-PRACTICES-ASSOCIATED-WITH-ITS-SELLING-OF-GOLD-AND-SILVER-COINS
Thanks for having David on Greg.
Lot’s of wisdom there. He’s humble as well. Sure he got fooled by the effects of QE but only those who knew the $$ would stay on wall street would get the next – 7 yrs right. I totally missed it as well even after 30 yrs trading experience.
Eventually we will see hyper-inflation in the dollar AFTER the other major currencies get hit. Gotta understand that the reserve currency will get hit last. It’s the “foundation” so to speak. At that time, if you don’t own gold or silver you’ll be paying twice the price easy.
Thanks goodness Australia is waking up.
https://youtu.be/p6z_SGH7XmE
Goodbye world reserve currency.
http://tass.com/economy/1061848
Ain’t it great. The Fed buying back bonds, while reducing interest rates. What could go wrong?
Dollar is getting stronger and more widely adopted.
Not much right now. Maybe later though.
A truly riveting interview. I plan to replay it several times and take notes.
David makes sense and he has been correct in my eyes, he’s just early due to the senseless manipulation and can kicking.
The sequence of events he speaks of are spot on once precious metals take the spotlight.
I especially took note of the possible black swan… higher food prices.
As for his 4-5 years comment, that to me is a verbal capitulation. As a contrarian I say we are at a bottom and side with Polny on the trajectory.
Polny was spot on about the cryptos, they fell hard the very next day he was on.
No one is always right, but when they start being right they are worth listening to.
Morgan and Polny are entering the “correct prediction” cycle, so for a while they will be spot on correct. That’s my take.
Greg, you are a treasure, I truly mean that.
Thank you for your hard work
Greg: Thank you for this riveting interview. Quoting your guest, “So far we’ve been able to pretend things are okay when they’re really not”. Ain’t that the truth! I signed up for The Morgan Report today. When you said millions of acres of farmland won’t be dry enough to plant anything this year, I was stunned.
AND……who’d think the little tiff between US and China would amount to anything?
When the IMF starts to poke it’s nose in…then it must be very concerned.
https://www.reuters.com/article/us-imf-worldbank-trade/escalating-u-s-china-trade-war-would-hit-manufacturing-agricultural-jobs-imf-idUSKCN1RF1R1
“Even though some countries would benefit from the new trade flows, most countries are “likely to be worse off” because of increasing macroeconomic uncertainty, the IMF said”.
That’s exactly what I have been saying. Falling on deaf ears.
Here are the ramifications for those who have their eyes wide open.
https://www.bloomberg.com/news/articles/2019-06-05/a-442-billion-money-manager-says-tech-s-glory-days-are-over
“The great times for technology are probably behind us now.”
Interesting point made – coincidentally the Trade War (Technology War) might have a greater impact than we are lead to believe.
I support Shah’s argument and strategy. In fact I have alluded to this GIANT issue over the last several weeks on USAWD.
Anyone notice ?
Greg ???
Anyone ??
Timing is now everything. Watch the money flows. See how it will gather momentum.
Sentiment is the key driver of markets.
Speaking of sentiment…..it may be a little premature but talk of rate cuts smacks of recessionary times and stagnant economy. Ya think ?
https://www.cnbc.com/2019/06/05/former-fed-governor-on-powell-speech-possible-us-interest-rate-cuts.html
Anything to do with the impact from Trade Tariffs ?
Welcome to the party Jim Rickards.
https://dailyreckoning.com/wall-street-and-the-new-cold-war/
…..”This new cold war could last for decades and it will affect the entire global economy”.
You are more than welcome too Michael Snyder…..
http://theeconomiccollapseblog.com/archives/economic-chaos-erupts-global-manufacturing-plunges-the-trade-war-expands-and-the-nasdaq-enters-correction-territory
Wake up people….it’s crashing all around you. What do want ….someone to make an announcement on MSM for you to believe?
It may already be too late.
Good pickup Dave…..but I called it 2 weeks ago.
https://davidstockmanscontracorner.com/global-semiconductor-sales-plunge-24-deepest-drop-ever/
Right now it takes “eight million Bolivars” to buy one ounce of gold … smart Venezuelans bought gold a few years back when it was selling for only “a few thousand Bolivars” per ounce … smart Americans today are buying gold at $1300 per ounce (because they know what can happen to the price of gold when hyper-inflation hits)!! … https://www.zerohedge.com/news/2019-05-28/heres-what-it-takes-obtain-just-1-worth-venezuelas-beaten-down-bolivar
Greg, A whole lot of BS and skullduggery going on here:
https://brassballs.blog/home/false-affidavits-used-david-gregory-gadren-frank-gary-machine-to-convict-and-prosecute-uranium-one-defendants-judge-theodore-chuang-rod-rosenstein-department-of-energy-doe-rodney-fisk-daren-condrey-mark-t-lambert
You would think the MSM would be all over this? lol nada!
along with another suspicious ‘murder’?
https://www.youtube.com/watch?v=nw69lvYmZLs
Speaking of the Midwest farm apocalypse, everyone must really watch this video as it’s probably the best thing on the web about the Midwest.
https://www.youtube.com/watch?v=DrqxHLeqN8Y
And just remember people, the inflation caused by fifty years of monetary mischief will dwarf any price increases just because of tight commodity supplies. Hyperinflation is nasty stuff, it’s purely a monetary abuse phenomenon.
Here in the Great Lakes region, when the clouds break for an occasional sunny day,
we are greeted by skies scarred by chemtrails. A clear morning sky is clouded over
by mid-afternoon, with the stripes of spreading chemtrails. Only on occasional days of very high atmospheric pressure, are we allowed a natural cloud free sky. When nature provides the clouds, we are spared the sight of the atmospheric manipulation.
Many here are thankful we have escaped the fires, floods, hurricanes and tornados found in other parts of the US.. Our winter polar vortex (-20F) took out some fruit crops, and our fields are currently wet. A very cold spring has delayed flowering and pollination. Bees don’t operate under 60F. Birds food scarce due to a lack of insects. This winter, squirrels chewed the bark off of many trees. Many farmers have given up on corn and wait to plant beans. Financial stress is prevalent from years of low prices for grains and inflation of inputs. The images from the heartland are very gloomy.
We’re likely soon to receive a lesson on supply and demand of base crops and how they effect the final price of the food we buy.
THANKS for providing the link … the yet to be planted statistics were shocking.
The brilliant Mr. Morgan is very optimistic about some sort of Societal and Economic ; ” return to the mean “. Dane Wigington and some others { myself included } are much more concerned that the unremitting assault on the World’s ability to sustain life itself ; as a result of the many Universally intensive Geo Engineering activities will preclude such a happy occurance.
Looks like DM is accurate
Ezekiel 7:19 ” ‘They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath.
benevolent dictator
31 seconds ago (edited)
Gold and silver hoarding are like a broken clock that are “right” twice very 40 years and is a wealth haven just prior to the collapse of multiple over-priced asset classes and there after for only a couple of “minutes”.
If the investor buys gold coins with a face value, then it can be used as a currency trade that has amazing arbitrage; pay $1500 for a $50 AE coin and that is a $1450 loss that can be used as a write-off against the capital gains from the over-priced asset classes just sold. ( the medium of with the coin is minted is not ever to be considered in contracts, but only the face value as that is de facto contract law in every nation. Eventually the taxes will be paid when converted back to the fiat currency (Federal Reserve notes for a government minted coin) when it is time to buy back into the collapsed asset classes. This coverts the use of gold from strictly a hoarding event into an asset that has a utility value. Utility creates demand much more than fear.
The US Treasury officially has gold priced at $42.22, hence the minted AE coin has a face value of $50. The difference between the 2, $50-$42.22=$7.78, is called seigniorage and is used to cover the price of minting or printing and sometimes a “profit” for the government, especially with $100 bills and digital dollars. If a $50 coin is purchased from the mint for $1500 in federal reserve notes, then this is officially an over payment for currency and is de facto tax paid by the purchaser. Over paying $1450 for a $50 coin to the US Treasury is an unofficial tax credit and should be treated as such on the purchasers 1040 because the medium for which the coin is minted from is not relevant when the face value is the determining factor. Legally, the official entity can not officially declare a value then state another value as that would be a legal contradiction (no Schrodinger Cat condition allowed in law) and so this affords individual the utility of arbitrage and reverse seigniorage as a tax credit. because the official value MUST be preserved.
This use of utility empowers the individual and holds the government accountable for applying perverted monetary policies but more importantly holds the individual accountable so as to not allow their leaders to bribe them with their children’s future incomes because the national debt should never become multi-generational and that is done by not debasing the currency and over spending.
Is this “Paul’s” website or yours? Greg.
He should be limited to three comments and no more.
Why not tell him to get his own site.
Let’s not rush to judgement on this democratic idea … think about it … being able to do our banking “at the Post Office” … will allow us to get rid of the banks and the Federal Reserve … this may be a signal that we are nearing the day when the banks will be closed down … and when they are … people will need to get cash and pay their bills … so why mot at the Post Office!! … https://www.zerohedge.com/news/2019-06-06/democrats-want-post-office-handle-all-your-banking-needs
When trying to figure out foreign and economic policy issues … always look at who will ultimately benefit!! … https://www.zerohedge.com/news/2019-06-06/trade-war-about-become-economic-world-war-iii
California is trying to pass a law mandating that priests at confessional booths report illegal activity they hear at confessions, this is unconstitutional and immoral, when you go to confession you are seeking forgiveness and liberation from the bondage of your sin, you are confessing your sins/crimes because you want God to forgive you, and if you feel turning yourself in to the secular authorities is the godly thing to do then cheer on and get it over with, however, our secular government is atheist and they don’t believe in forgiveness or mercy or God, they believe in locking you up and giving you a permanent criminal record that will leave you unemployed for life, this is a very slippery slope and it can end up causing people to neglect going to confession out of fear, or it can put priests in a position where they have to break the law or go against their faith and face potential excommunication. We Christians are under the law of God, we obey secular government laws if they don’t violate our faith but we are not under the governments full authority, when we are saved we are under Gods authority only. https://www.americamagazine.org/politics-society/2019/05/16/california-confession-bill-viewed-violation-religious-liberty
The indictments are a-comin’ https://www.youtube.com/watch?v=ZdF9LYx75KY
David Morgan said many accurate statements during your interview ..However, how can he or anyone else not positioned on the inside of the cartel predict HIGHS and LOWS in a PROVEN MANIPULATED MARKET in precious metals.
All graphs , charts , algorithms etc etc are out the window and worthless. For that reason I have very little faith in Morgan concerning his predictions and insights .
GH
WILL DAVID MORGAN EVER ENTER THE PROMISE LAND ?
David Morgan and other precious metals bugs have spent the better part of the past 40 years wandering in the wilderness of fiat money and financial engineering. The result, is a gold and silver bull market failed to materialize, except for a few relatively brief moments lasting a year or two at best. Now “long in the tooth”, David Morgan does not appear as if he is going to live long enough to see a real gold bull market during his lifetime. Timing is everything and as luck would have it, gold has been in a long slumber. When and if it comes alive remains everyman’s dream or speculation for all generations (ages).
Greg, Great Interview!!! Thank you. David sounded a little beat up. David, hang in there Brother!! You are doing great work. Remember the wisdom of our great brother, Kennedy Gammage, he said, “Those who choose to predict the future run the risk of chewing on the pieces of their broken crystal ball”. You aren’t wrong, just, maybe, early. My man Marty Armstrong says gold will go to $5,000.00 per ounce. The thing I worry about is this, what kind of crazy scheme will the mutual fund guys come up with to, perhaps, drive the price even higher??? Keep up the great work.
Jim
Dear Greg
Can you ask David Morgan why at Sprott they do not produce a KIID
Key Investor Information Document-an EU regulation!
This means that any investor in Europe can no longer invest in their products.
It can’t be difficult but many US funds are now closed to us which is a blow to the individual investor
Or can you ask anyone else from a Us fund who appears on your show this question?
Thanks
David Morgan hasn’t been right about gold and silver for 10 years. He’s just wishing his words were true. Please stop showing him until he hits on any of his predictions. If you were accountable in your work, you would list out each of guests predictions by date and document whether they were accurate or not.
Thanks for the homework assignment. I really did not have enough to do putting out information every week for free. Thank you for the suggestion because I really do have too much damn free time. Oh and at about $14,45 per ounce David Morgan called the low for physical silver. So let’s see if he’s correct.
Greg