Buying Silver & Platinum, but Not Risky Gold Stocks | https://www.themorganreport.com
David Morgan, or the “Silver Guru”, is a precious metals analyst and the author of the Morgan Report.
Citing the case of Mark Zuckerberg selling $500m of Meta stock to build a super-bunker in Hawaii, David Morgan said the billionaires have been spooked and are slowly exiting the stock market and trying to dump their bags on retail investors.
David conceded that he’s been bearish for years while the broad indices keep on going up, but he’s still certain a big crash is on the cards.
He said he sees the choking of key trade routes – the Panama Canal by drought and the Suez by Houthi attacks – as new possible drivers of inflation.
David said he’s hiding out in gold royalty companies, due to the high cost of capital and compressed margins that the explorers and producers are witnessing right now.
His price target for gold is around $2200 for 2024, up around 10% from its current level.
He’s also extremely bullish on silver, saying it could be “the best legacy investment” out there, due to its growing industrial uses, beaten-down price, and the potential for a resurgence of inflation.
Platinum got some praise from the Silver Guru. David said he’s bullish – despite the metal’s poor price performance recently – because of widespread power outages and bubbling political unrest in South Africa, which produces around 80% of the world’s supply of platinum.
He also said he had made a handsome profit in uranium stocks, and that he was now considering taking some money off the table.
Overall, David doubled down on his long-time bearishness on the broad market indices and the dollar, continuing to champion gold and silver, with passing praise for platinum and uranium.
Watch this video on Buying Silver & Platinum, but Not Risky Gold Stocks, then please share with your friends and family on social media and use the caption: Buying Silver & Platinum, but Not Risky Gold Stocks
- Market Analysis — Investing — Trading Methods At The Morgan Report — Starting As Low As $50 | http://www.themorganreport.com/join.
- Starting your own precious metals savings program is an easy way to automatically save in gold and silver. This makes it easy to maintain a disciplined program for increasing your ownership of history’s most proven stores of value. Learn more here.
Let My Passion Create Your Wealth.
I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.
The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation, and asset protection.
Thus was born The Morgan Report – since then we’ve helped 11,000-plus members scattered over the globe in every continent and over 100,000+ e-newsletter subscribers have read our weekly e-newsletter — This Week’s View from The Morgan Report.
Through our publication, The Morgan Report, we provide you with ways to achieve greater financial security and wealth in all sorts of environments.
Learn more and become an insider for The Morgan Report, click the link below…
Special Riches In Resources Free Report
Because there is a 100% failure rate of ALL fiat money throughout history, you will learn what to do by obtaining your Free Report. Just enter your first name, your primary email address and click the Get Special Report button below.
Our mission statement reads…
“To teach and empower people to understand the benefits of an honest monetary system.”
Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!