by Leslie Michael
One of my favorite economists in the world is silver investing guru David Morgan. Some of David’s work is featured in Money Uncensored. I had the opportunity to ask him some unusual questions.
At the Cambridge Conference in Vancouver, David Morgan did what he does best. He shared his views and research on the silver market and the financial markets. Yet, rarely does one get the opportunity to ask David intimate questions about life and morality.
David’s research and intuition leads him to believe that the worst is yet to come in the financial markets and the silver run is far from over. Although he shared his feelings to a captivated audience that things are probably going to get worse during the end of 2012 and the beginning of 2013, it was his after-meeting that was the real story.
I asked David some point blank questions and he challenged me by asking some direct questions back to me in front of a captivated crowd.
The first question I asked was…
“I’ve been a follower of your work for years but the one thing you have not convinced me of yet is why I should subscribe to the Morgan Report. So why should I? Here’s your chance to get me.”
David smiled. I can’t recall word for word everything he said but it sort of went like this.
“I was there for the last silver and gold run in 1979-1980. It’s taken me a long time to humble myself and realize that the market is smarter than anyone. Just like last time, there are going to be a large group of people who didn’t want to buy silver at $5. And when the price goes to $50 and $60 they won’t buy the physical metal. But what they will do is buy the mining stocks. and when that happens any mining stock will seem like it’s going up. We don’t always get it right, but the stocks that we pick and research are the ones that are likely going to the highest performing when the silver run takes off.”
The second question I asked was…
“I’ve watched you now for years and there are times when you say protecting our freedoms is more important than just protecting and growing our wealth. Sometimes you show clips of the movie Braveheart to illustrate the point. What do you want from us? What would you want us to do if we could?”
David looked at me and fired a a question back. “What would you get people to do if you could change the world?”
I replied back “I would suggest people #1. Convert their mortgages over to a simple interest loan/net out accounting banking system #2 Get mutual whole life dividend paying insurance policies and use that as their bank accounts instead and #3 Invest the rest of their money in silver and gold. This would help get rid of the international bankers’ monopoly.”
David smiled again and said “That’s a pretty good answer. Here’s what I would do. I would wave my magic wand and for one day I would get everybody to tell the truth for just one day.”
It was my turn to smile and say “I like you answer better than mine”
The third question was
“How do your daughters feel about everything that is going on in the world and what you do?”
David replied “My daughters have heard me talk about sound money and the changing world since they were both very little. They know what is going on. They live their own lives of course and pay attention to what is going on. One of my daughter’s favorite movies is the Matrix.”
It is written all over David’s face that he really loves his family
“What are your favorite movies?”
David answered “I like The Matrix for sure. But I like underdog movies like the Longest Yard and Remember the Titans”
The lasting impression I was left with talking to David is that he has passion. David says it took a long time for him to speak from his heart and not just from his head.
I understand that feeling too.
When you meet someone you admire, like I did recently, many time they don’t meet your expectations. That is not the case with David Morgan.
He’s just a man but he has my respect.
To know more about David Morgan and his research and services go to www.silver-investor.com
by Leslie Michael