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How to Invest In The New Precious Metal Tech Discovery | Cashflow Hacking
David Morgan, Founder of the Morgan Report, joins us on the podcast to discuss the new technologies that are changing the face of the silver and precious metal mining industries. David is recognized as an industry expert in the precious metals field and has helped thousands of investors to profitably invest in physical gold and silver. The Morgan Report has been featured on some of the biggest names in financial news, and now David shares his experience with us on how to invest in precious metals wisely in 2018 and beyond.
This is the Finance & Markets Cashflow Hacking Podcast, streaming to you live teaching the methods behind unlocking long term wealth, your host Casey Stubbs.
Casey Stubbs: 00:27
This is Casey Stubbs from the Finance & Markets Cashflow Hacking podcast here today with David Morgan, the founder of the Morgan report. Hi David. Thanks for being with us today. David, can you tell us a little bit about yourself? Give us some of your background.
David Morgan: 00:43
Well, it started me on my favorite topic. Me. Oh, my background. I’ve always been interested in money. If you read my first book, the skinny on silver investing, I talked about an 11 year old kid and seeing the quarters I was paid as a weekly allowance go from 90 percent similar to what I call the Johnson slugs. So that kind of piqued my curiosity. I didn’t make a big deal of it, but it sort of stayed with me. I went through, um, you know, high school, scored really well with me. She went to cal poly, San Luis Obispo degree in aeronautical engineering, worked in the aircraft industry for a brief stint, went back to school, got a bs in finance economics, and pretty much been in the, uh, in that genre for quite some time. Work for certified financial planner for awhile. Worked actually at a coin dealer for a very small amount of time. I did my own research, traded for a living, came out on the Internet and about 98, uh, not under the, a domain that I have now, but I started writing on the Internet and basically built the business of a financial newsletter service that’s a electronically based on the Internet.
Casey Stubbs: 01:54
So you’ve been on the Internet since 98. That’s, that’s practically an internet pioneer a how
David Morgan: 02:02
My favorite topic, but I mean there’s back in the days where you got to see prompt and yeah, all that were available were a bbs is there’s a group called little bolts and board things and are very difficult to navigate the internet at that time. I mean, it was, it took a little bit of, you know, computer savvy. Not that I’m that much of a computer geek or anything, but as an early adopter it was much, much different than when netscape came out. I built my whole website, you might call or maybe be web pages, a better reference all by myself. And I was one man show for him for awhile. I mean for probably the first year, year and a half. And then I hired a bruce who’s still with us, uh, with the company. But anyway, I digress. But it was very challenging in the beginning. Very few people know that because most people came on later than, you know, myself and the early adopters. But it was not an easy thing. There was no such things but web browser back in the day.
David Morgan: 03:00
with Netscape, you probably had to actually code the website with html, right? No. Um, well actually, yes. My next door neighbor was one of the, uh, geniuses in one the big games in those days back in the early, late 99, 2000. Anyway, he would come over at night and he showed me a few things here and there. And uh, you know, I kind of don’t learn by trial and error.
Casey Stubbs: 03:27
Yeah, I actually had, um, a little bit younger than you, but I actually had, I had my first website in 96 and it was a video game website because I was like 19 and um, my brother would program video games and then I would try to market them on the web and I’ve kind of been hooked on Internet stuff ever since. But uh, so since you’ve been online, has that been a, as an early adopter, do you think that helped you get established with your business online early on?
What Are Considered Precious Metals?
David Morgan: 03:59
Absolutely. First of all, silver Sorta my specialty, and there are a lot of gold newsletter writers at the time and I specialize on silver. Although the Morgan report, I want to be very clear. The longer players covered all a resource sector from day one. You looked at cobalt way before it was popular, rare earth elements, energy is et cetera. But it had the domain, silver dash industrial [inaudible]and I would say without the, probably wouldn’t be able to start the business because prior to the Internet you had to buy like an expired list from somebody that was prominent in the newsletter industry. And then you would have to do a really great ad copy, hard copy, snail mail letter sending out 200,000 people. Hope you gathered [inaudible]. I don’t want to Belabor. This was very tedious, very expensive. And you usually lost money like three years in a row.
David Morgan: 04:49
But on the Internet I just sat there basically for six months and one day I got a call from a guy who says, you know, it’s a silver guru, which is totally cheat myself or anything. But that moniker stayson anyway, call me up and said, what do you do? I told him ran and newsletter, blah blah, blah blah. And so I ended up selling my first one over the phone and I was in business and away it went. So it was, uh, something that I couldn’t have done in the traditional method with the Internet. I was able to accomplish it. And it was really, it’s been quite a ride so far and it continues to be, so
Casey Stubbs: 05:26
that’s actually ties in perfectly to the topic of this podcast, which is cash flow hacking, which the definition of that is to find methods and strategies to help you grow your cash flow. And that was like a business hack at the time, uh, become an early adopter rather than slugging it out with everybody else in print. The way that it was always done. You found a new, a new angle and it helps you get ahead a, that’s pretty good today. It’s a lot different because the internet is full now. Everybody’s here. So getting started in the Internet is probably just as competitive as the print was in your day.
David Morgan: 06:07
I’d say at least if not even more so. However, it’s interesting, you know, being on the, on the net for a good 20 years or more. It’s been a interesting to see some of these newcomers that come up with a new channel and garner a ton of followers organically. Not, you know, any other way. And so there’s always room for, you know, a good, good idea or a good product or whatever. One of digress a little bit, I knew you’d ask him to end the show, but if you go to the Morgan report dot Com and get on our free email list, you get through four called Richardson resources and there’s a few ways in there just to make a cash flow hack. One is if you’re interested in buying precious metals on a monthly basis, which is dollar cost averaging, we have a link in there where you can actually promote that yourself or get paid real gold or silver if you promote it to see your email list or make up a webpage or whatever. I’m not suggesting that’s for everybody, but it sounds like you’re following are probably interested in getting their cash. So if you could buy gold and silver and also reward gold and silver, that’s one of the things you put out in that free report. So your, uh, your viewers might be interested in that.
Casey Stubbs: 07:13
That’s a pretty interesting option. I actually want to ask you a question about that. So what it is is that if, if I wanted to promote it or someone else wanted to promote it, a, they can earn gold and silver, is that what you’re saying?
David Morgan: 07:28
Yeah. I tried to. I know the founders of the company. I’ve flown out to Lawrence, Kansas and stayed with him a day and you know, I mean I know these guys, I’ve been in the program myself for years asking is silver a good investment now. Several of the people that are paid subscribers, more report of adopted this method, which is, as I said, dollar cost averaging. The only caveat you might say is that it’s going to cost you. In other words, you’re going to have to commit to like $50. You don’t have to like $50 a month. Now you’re in the system and now you have the option of getting an affiliate link, which is a generative for you automatically want you to sign up and you take that affiliate link and then you can spread it around the web. However you see fit your facebook page, any social media, your email list, your friends and family or anything like that.
David Morgan: 08:12
And it’s not multi-level marketing whatsoever. At all, once you joined that, your link and everything, you’d get this based on your efforts alone. That’s how it works. So I really like it. A, it’s a great way for them to get involved in the precious metals. It takes about 10 minutes to sign up and again, if you’re so inclined, you know what you’re doing. Uh, you didn’t get a pretty good cash a lot, but it’s not going to sit there if you just get a link and you never, you know, put the link out anywhere. But if you know what you’re doing isn’t that difficult? It’s pretty easy.
Casey Stubbs: 08:43
That’s a pretty good option. I, that’s a good resource. And thanks for pointing that out. Do you still do a lot of silver and gold transactions for your own personal portfolio?
David Morgan: 08:57
I do. I, you know, the big money is made in the paper markets. I mean, I remember one of the first speeches I gave was opening in the silver valley about precious metal etfs, which is about an hour and a half drive from where I’m sitting right now. And I had given the fundamentals of silver and it was a bunch of, you know, at that time I was looking for late, late forties where they ever. Anyway, the point is this old guy, older than me at the time, 20 years, my senior came up and said, you know, the problem is you always make more money in paper silver then you do in, especially in precious metal ira. That kind of annoyed me. But I thought about it, right? You make more money in the futures market if you know what you’re doing, which I see suggest just no one touch unless you’re a pro. But options probably touch unless you’re a pro or have good guidance.
David Morgan: 09:39
But on the mining and the mining stocks as well. I mean that’s what we give good guidance one. But he was right, you know, I mean for an example, we had a good year in silver and gold in 2016 and Silverware. And if memory serves somewhere around the $15 level, maybe 14 all the way up to about 20. So that’s a big percentage move. But if you had done what we taught, which was buy first majestic at 2:50 and sold team, that was a much, much better percentage gain than it was in the silver market itself. And that’s the kind of leverage, again, if you know how to pick these stocks at the right time and the right ones. So that’s an example. So this is what I teach, this is what I do and do I have a physical position? You Betcha I should do. But that’s a head position.
Precious Metals Dealers
David Morgan: 10:23
If everything else fails, you got hard money to fall back on with silver investing strategies. Uh, you know, I just looked at it as an accumulation of wealth, but the real money is made by an IED. The hardest way to make money is to pick the right mining stocks. And if you have help, you could do very well. If you just follow the leaders of some of these things, you’re usually going to get burned because there was a lot of, uh, Mr previous conduct that goes on in the penny stock sector. I pretty much stay out of it. I have to do some of it, but I mostly stay money into big companies, mid sized money in the mid size companies or to lose.
Casey Stubbs: 11:01
Is Your Lit, is your newsletter primarily focused on the precious metal sector or do you focus in other stocks? Sectors?
David Morgan: 11:10
We’re always focused on the resource sector and precious metals prices charts. We always touch on gold and silver because that’s kind of the foundational resource stocks and then the most heavily followed and have the most interest. But for example, when, um, when the rare earth elements craze took place, we were actually one of the first ones to publish anything on rare earth elements. In fact, Jim Dines, who’s a famous newsletter writer in this space, calls himself the original rare elements bug. He’s the, he’s always the first bug go bug silver bug whatever bug. And I was a little perturbed because, you know, I exchanged letters with him and uh, we’re writing about it. But anyway, the person who was helping me with that part of the report blew it off. She didn’t care. So we were on that. We’d been at cobalt. Like I said, it’s so depends what’s happening. For example, lithium got to be like the the favorite mineral we pointed out, you know, there’s like 400 years worth of lithium on the planet. I mean it’s not as rare as most of these a hype-y salesmen types will tell you when you’re reading an ad copy.
Casey Stubbs: 12:17
I just saw, I just saw some promotions for that come across that recently. They made a big deal about it.
David Morgan: 12:24
So you gotta be careful. I mean, but yes, we’re always attuned to what the market is showing up as one of the most important parts of the sector and we also try to do a balanced and objective view on it. In fact, writing a white paper and vanadium element that no one else. So we’re probably being the first newsletter again, that will write anything on vanadium from an objective point of view and from everything we’ve researched so far, there’s only one company that will even recommend. I like to lithium. There’s usually like one company, cobalt, one company, but there’s going to be [inaudible]yeah. It depends on the sector. I mean, you get like uranium was calling me and I don’t know if the top is probably a hundred uranium companies, we’re probably really only three or four majors in maybe two or three mid tiers that were worth having and maybe a couple speculations because of their land position. So you know, out of like 100 out there. I mean if you’re were you raining, but it’s all you wanted to invest in, you probably would have less than 10 picks if you knew what you’re doing. But that’s not how the sector works.
Casey Stubbs: 13:30
Now I’m going to ask this question. As an ignorant person, I have no idea what variety is what, how do you pronounce that? Navien vanadium. What is that?
David Morgan: 13:40
It’s a mineral. It’s going to be used. It’s used a hardened steel, but it’s also can be used in a battery application, so it will be writing about it. A lot of this things called the energy metals or choose kind of leading the way. Cobalt’s kind of a backup, but it has to do with how you store energy. So solar has been huge for some time now as you know. And then with solar, what do you do? Well, if you capture the energy from the sun and what you’re not used immediately up to store somewhere. And of course there’s all kinds of these batteries. There’s nickel based batteries like Iron Edison House, there’s your traditional, you know, lead acid, like most automobiles to use. Then you have lithium batteries in, there are potentials for manganese. There’s potential for vanadium. And there’s others. So this is something again, what we’d write about in the Morgan report. So again, it’s not just gold and silver based, although we touch on that topic every month, next month we’ll basically be on Canadian.
Casey Stubbs: 14:40
OK. And is that a new discovery or has that been around awhile? But they’re just understanding it more.
David Morgan: 14:48
I understand that more to store the most energy, the most efficiency. You have the least laws scoped the longest life. All these things that play into an economic decision. Go into that. And that’s basically what this white paper is about. Uh, we have a, a speculative investment that’s recommended in the report. And this gentleman and I had been friends and I’m not doing it because we’re friends, I’m doing it because it’s a good business decision as far as we’re concerned, which means that we’re going to know, publish what their asset is like, why it’s economic. Uh, your strip ratio is all these mining terms that I don’t expect you to understand a casey, but they are important if you’re going to make a decision whether or not you should buy a company when you buy a stock. I mean, people think about owning stocks, stocks, stocks, and this is all true. But if you really think about your, you’re an owner of the company now, you might only own the dust on the, on the windows of General Motors if you own 100 shares of General Motors, but still you are a part owner,
Casey Stubbs: 15:49
David Morgan: 15:50
So same thing here in the mining industry,
Casey Stubbs: 15:53
right? So the share is a share of the ownership of the company through. And a lot of people don’t think of it like that. They just think of it as a way to make a quick buck.
David Morgan: 16:02
Exactly. Well, I like to think of, I mean a sergeant, I think it’s important for your audience because if were much younger than me because you know all these people that you hear, at least this is what I hear, you know, I listened, I wish I had my own business, my own business on the stock market and you can have your own business. I mean if you wanted to build your own business, you know, when you’d go to your cocktail party or whatever, and you know, people say, what do you do for a living? Well, I work at, you know, its tires, but actually I’m a business owner. Oh really? Yeah. I owned a business on a car manufacturer. You didn’t? Yeah. I have a share of, you know, General Motors. I have a share of a coca cola or whatever, but I try to make the point because what people do is they buy cheap stocks instead of buying important.
You know, innovative technologies are stocks that are leaders. I mean, look, we always try to, from my perspective, again, I’m talking like I’m talking for you or you the audience. I don’t mean to, but from my experience, I’ll try to get the best car I can for dollar investment as best house accounts for dollar investor, best meal or best shirt or whatever button stocks. People don’t go for the best, and that’s really, really sad because you should, when you are an owner of the store, the best, most profitable business. You couldn’t find any answers you should, but unfortunately there’s so much psychology in the stock market that a lot of investors, even with the Internet [inaudible]very important point.
Casey Stubbs: 17:29
Yeah. I think it’s probably a perspective issue because they don’t look at it as as being part of the ownership. They just look at it as buying and selling. I’m going to make. I’m going to buy it here. I’m going to sell it here. I’m going to go up. I think that if they’re looking at it as if taking ownership, the answer have to be, I want to and I want to own the very best possible company. Just like as a business builder, you want to build the best company that you can build you as for your job. You want to be in the best job that you can be in. You want to be a part of something that’s really great. Not something that’s terrible. Yeah, that’s, that’s really good. I’m going to shift gears here a little bit and I want to ask you about, um, the 10 rules of silver investing advice. Was that, uh, a book that you wrote, the title of the book or was in new in that was a topic of a book that you published?
David Morgan: 18:23
It’s a book that’s printed in the United Kingdom. I don’t know if it still exists or not. I mean the older back issues do, I don’t know if he was still published on an annual basis. So it’s a book produced on the United Kingdom and they look at investing across the board. So real estate investing in real estate investment trust, investing trust, a general stocks, mutual funds, options, futures, a money markets. I mean everything you could imagine that’s in the subtitle of investing to invest in all the subtitles under that. So I was running and still do have the domain silver or silver dash invest [inaudible]. And so they approached me to write the 10 rules of silver investing, so it’s only a two pages. Everybody gets like two pages in there and then those rules are publishing that book and that circulated a globally. And so I was asked to write humorously, Kathy and I did my best.
David Morgan: 19:24
I’m pretty happy. I did have a little bit of help. I wrote the rules, but I had them tuned up a little bit by a friend of mine that’s a very good financial editor and they’ve been on the web for free forever. You could type in David Morgan 10 rules a silver investing in. They’ll pop up. You’re probably going five or six links. So pop them up. In fact, I actually did a couple of videos about him and expanded those rules. Uh, when I did them, I read the rule and then I said, I don’t want to add this. And you talked about a little bit.
Casey Stubbs: 19:51
I think that getting your friends or other experienced people to look at your work is a really good idea. Cause you said you came up with them and then you had someone to help you with the editing. I’ve found that when you’re working on projects that are involved, writing, having a team is a lot better than just one person. And uh, if it goes back and forth a few times, it usually ends up being a better product. So you’re out of the 10 rules. Could you share one of them went, like if there was a key rule or a key technique about silver investing that you could share with the audience? Something that
Current Precious Metals Prices
David Morgan: 20:29
I wrote him and I’ve talked about him several times. Maybe I can pull it up real quick. Um, not that I can do it off of my head here and either come up or turn the rules are. So it gave me the videos first and I don’t know if it’s going to give me the um, well the first rule is basically no one wants to be a prophet of doom, but in the event of an all out financial crisis, silver will be the most coveted asset, not gold, because gold is too much value per unit. And would not be usable on a day to day basis like silver would be for buying, let’s say bread gasaway. So that’s rule number one. I summarized it that paraphrasing, but that’s basically it.
Casey Stubbs: 21:18
OK, well that, that makes a lot of sense. So if you, do you think gold is going to go up? It’s still a great idea to get silver as well because it’s probably more practical for use. Uh, and yeah,
David Morgan: 21:32
if I could interject, submitted my 10 rules. The guy from the UK one than I believe called me up and he was making a big point about the first rule. He goes, well man, I never thought of. I can’t do a British accent very well. We shouldn’t. That’s amazing. I never thought of that. But you’re right. It got kind of excited.
Casey Stubbs: 21:51
Yeah. And while you were talking, I just went ahead and did a search for 10 rules of silver, silver investing in and you’re like dominating the Google search for that. Like your number one looks like your videos. Number two, you got number three year at least on you. At least have the first four, maybe more. So that’s good, that’s pretty good. Coverage on, on Google. So if you were going to give us, let’s say someone was going to be looking at buying a stock of a gold company, is silver company and mining companies, the rating company, whatever it is, what would you tell them that they need to do other than getting on your newsletter, what would the best thing that they should do to do their research and find out to make a good investment?
David Morgan: 22:40
Well, Di did you research others? You need to be educated about anything we do in life really. I mean, so I would, you know, however that comes about and you could read books, you could read articles on the, uh, on the web. I think the biggest mistake is what I’ve already touched on, but it bears repeating and that is people buy cheap stocks because they think they’re cheap and they’re going to go up. So you’d be a lot better off. Only like one share of a $70 stock that I’m thinking of right now. This is one of my core holdings that’s in the gold space that makes money regardless of the price of gold. Isn’t that amazing? And that’s Kinda what the Morgan report specializes in. There’s a subset of stocks in the resource sector. Most of them are golden silver based that make money, regardless of whether the price of gold or silver go higher or lower.
David Morgan: 23:31
Amazing. So for example, one of those stocks in the portfolio is still up 600 percent. While the gold market for the last few years goes, basically been flat, a silver’s been flat to down. So do your own homework and get away from the idea of you want to own a lot of shares, get the idea that you need to own the best shares. That’s the most important thing I could teach anyone. So again, uh, I had a guy about your age, um, maybe a bit younger or any. Got On report and he bought the stock or I’m thinking of A. Yeah, actually I can’t, I can’t give you the digital advice. Who said, well, this is one, you know, that’s kind of one of my favorites or whatever. So he bought it and he started emailing every day the stock was moving up and down, thirty cents while stocked at sixty cents.
David Morgan: 24:23
It’s moving up and down, thirty cents. You might get a little upset with this doctor moving up and down 30, forty cents and it was like a $30 stock and he’s getting upset that it doesn’t go straight up from the day he bought it, which is a very much amateur is belief. But if you never bought a stock before, you got money at risk, you know, it depends on your personality and you know you’d have to learn these things alive. So I called him and said, you know, this upset stock investing is probably not for you because this is nothing and mean stock can really move. This is a stable one. I believe strongly it’s going to go up over time. About the end of that phone call started going up and open up enough. So a year went by and I remembered his name because in those days we didn’t have very many subscribers in. I saw that year go by and he’d made a bid pretty much doubled his money on that stock course and got educated or I believe so if you read the report, he certainly got a better feel for the resource sector and how so
Casey Stubbs: 25:24
he, what he did was he was able to get over his initial fear of the downturn because he was probably not experienced in investing. And. And do you think that it was because he was more educated and he was looking to the future rather than just looking at what’s happening right now?
David Morgan: 25:43
Well, I think what happened was he did it in a good time and I do time the markets I’m not perfect, but I’m pretty good at it. And if you lean how to use the report teaches you, you know, the rule number one is as above it says don’t lose any money. And rule number two is read rule number one again. So we put stops on, on everybody and I can’t get everybody at the same time. Right? I mean, people buy the reports and then they stop and then they buy him again or people you know, come in at different times. So like in a hot market, I mean when silver was moving from like the [inaudible], the $50 level, I mean we sold a lot more newsletter once silver hit $35 an ounce to one was that [inaudible]and the people that had bought it at 20 and a lot better advantage to reap the gains.
David Morgan: 26:28
I called the top, by the way, on that market. Now you know, if I was gonna lie to you, I said, I told her, I said you should sell Sunday, should take profits on any of your trades and you should probably have if you have a large position at that time, I thought two years would be the worst damage we have, maybe three. And I was wrong. It’s been more like six. But that’s, you know, and I’m not afraid to say I’m wrong. I mean I was at the time, but anyway, I think I answered your question.
Casey Stubbs: 26:59
Yeah. The silver and gold market has been pretty slow and because there’s been a lot of excitement about crypto currency and the stock market’s been going straight up, however, it seems like golden silver just kind of been going in a sideways market, uh, with that being the case. Are you still able to, uh, to, to be successful in, in that kind of a market?
David Morgan: 27:27
Yeah. Generate profits. I mean, I’ve got my finger on the pulse and I’ve got two other analysts, you know, it’s not just me, it’s a group, as you said, you know, have a good to be more than a one man show. I was like, I shouldn’t have very beginning, but that’s 20 years ago. So anyway, yeah, there was a technology on what’s called the mobile mill. And uh, I got involved. It was a gentleman that had run, another successful silver company was bought out by a major silver company and he was, uh, talking to me about this idea he had. So I watched his progress from the thought on the back of a Napkin, so to speak, to where they had the first role model. And that was almost a two year timeframe and then I started writing about it for our paid members and I took the whole team down there and we filmed it, which we usually do on these projects is we actually go on site and watch them perform down there for a few days.
David Morgan: 28:21
And then my friend said, can you stay an extra day? And My, my crew went back home and I said, well yeah. And it goes, this is the craziest thing, the immigrant here. But there’s this guy that says he’s got a reagent that will basically Leech out gravity feed gold just like cyanide excepted some nerve. I want you to come with me. You’ve got an engineering degree or good thinking. You’ve been in the industry a long time and I like you to help me determine what, what goes on this thing. I said, wow, that sounds very interesting. Sounds like a total complete absolute scam. But I’m up for it. So I stayed the after night when we got up pretty early with drove out to the middle of this desert in the middle of nowhere, which is very typical of a lot of the mining projects that we were at this little single wide trailer with some beat up cars around it and all these 50 gallon drums.
David Morgan: 29:20
And the guy was a no show, no, this is the mining business. So got back in the car, drove back into town, you know, I took a flight home and of course I talk with my friend and said, you know, get as much as this stuff as you possibly can. Bring it home and know lab check at different labs. You don’t at least three. And we did a long story is this is a technology breakthrough just like a cyanide heap leach was a tech technological breakthrough. And this I think will be something that you only really two analysts that are actually writing about this. And it’s myself. And there’s another one that’s a more of a technical analyst and he’s written about it. So what happened was people that own the primary company that had already recommended that was not doing that well at that time were given a gift of this spin out for free. And I promoted that on the Internet quite a bit and got very, very few new subscribers. I mean, it’s very fun to digress again. You told you know, cases. Would you pay me 50 bucks if I can make you 500 or so? Sure.
Casey Stubbs: 30:29
Oh yeah. That’s what business is all about. Making deals
David Morgan: 30:33
won’t do it, you know, I mean, I like giving them the newsletter, like it’s 50 bucks a month, this doc is going to go and it has. It’s actually pulled back some good entry point. I had a buy limit of a dollar on the stock and I’ve moved it up to to. I don’t want to go above that for anybody that’s current subscriber or a new subscriber. It’s already been over that price, but it’s backed off. Other significant. Let me. So I’m drawing, I’m not meeting, but the point you asked is are we making money when things are Dolan the gold and silver bullion? Marcus? Yes, there’s absolutely, we’re doing quite well in the sector because we just don’t focus on boy on holy. I mean, I’m not according to dealer, I’m an analyst. I’m an intellect, right? Financial products and educate people. And this is something that you can make money in an up market or down market or sideways market if you know what you’re doing. And this is one that we were lucky enough to be at the right place and right time and there’s still a lot of upside to this company, but not near as much as when these people got that stock for free or some of my advanced a members grid, but to buy it on the 25 cent open and you know, it almost kind of like an eight bag or on it. But uh, anyway,
Casey Stubbs: 31:44
so the, the point of that that might take away is that you were able to utilize a technologic technology breakthrough just like when you were one of the first ones on the Internet. Uh, you were able to gold as an old market, but there’s still technology breakthroughs even in an old market which you can take advantage of.
David Morgan: 32:03
Absolutely. Again, I have to tell your story. I hope you don’t mind, but my predecessor was named Jerome Smith. He wrote all these books. In fact, you were to book silver prophets in the seventies, which is rumored to have been the big push for the hunt brothers getting the silver market and he wrote all kinds of books on silver and I studied all of them and he predicted that we’d run out of silver in theory silver will be about $200 an ounce by 1995 and this guy was an idiot and he made really strong cases for everything that you’re saying about the precious metals. He talked about gold, silver, platinum, palladium, blah. So to me three times, how to read the book three times, there’s not a tough read, but I saw his mistake and what’s making the steak was he didn’t see the technological breakthrough bleeds, you know, silence.
David Morgan: 32:51
She works very well for gold, not that well for silver. However, it was such a boon to the mining industry at large that he had seen that the amount of silver mine was just flat forever, so it was assumption was we’re never going to mind more than 360,000,000 ounces a year. If that were true in the time that you published it was we would in theory run out of silver in another 10 years, but sign Hipaa, which he took off. So I said to myself, I’m never going to make the same mistake that he made, which means that his best as much as goals to grow out of the ground. It looks like we’re at peak goal or pigs over or we’re running out or whatever. There could be some kind of a technological breakthrough that changes the whole dynamic of the entire mining industry. I am not going to make the same mistake he made.
Casey Stubbs: 33:39
That was a great, great comment and I getting close to running out of time, but I’ve got a couple of other questions. If a new discovery like the one you were just talking about with gold, if it happens and then a specific company gets the ability to make gold, to find gold cheaper to find more of it, does that then create a risk of flooding the supply therefore causing the price of gold to come down?
David Morgan: 34:09
In theory, yes. Certainly. What this company’s doing, one of our main backers is doing e-waste electronic ways. I mean the golden history is so washed out as far as finding good strong deposits will probably grade. It’s almost impossible with the high grade has gone to mining stuff at like one gram, two grams an ounce. A smartphone has four grams an ounce, so a ton of smartphones is a lot easier to mine than, uh, going to the middle of the desert and bringing in the water and everything else you have to do. And then it’s a lot less permittee than all the other nausea that goes with the putting in a real mine. So you answered your own question. I’m just giving the details. Yes, it could disrupt it. I don’t think even if you mine all the electronic waste that’s out there, which is only about 20 percent now, there’s like eighty percent of the sentiment that’s going into the landfills. This breakthrough technology that we’re discussing will have a profound change and I would estimate or guesstimate that maybe five years from now, eighty percent of its being retrieved and only 20 percent score and it will be a substantial boom. The gold market is so diverse. I don’t know if this amount of new gold coming into the market or I shouldn’t say recycled gold and it’s already been mined. It just happens to be sitting in computer circuit boards or Ram fingers or uh, you know, smart phones or what have you.
Casey Stubbs: 35:30
That’s pretty interesting. I did not know that there was gold in my cell phone. I had no idea. Got like three broken cell phone sitting in my truck
David Morgan: 35:39
long as their smart phones. They’ve got go. Yeah. Yeah. I’ll have to figure out how to get it out of there. Well, that’s. I think you’re going to see more and more as time goes on where you’ll get like a credit from an apple if you turn your phone in. Right? Because I mean obviously there’s golden there, so how much? A little bit, but a little bit times, you know, a ton is a lot. And uh, and there’s a lot of smart phones out there. I mean we’re talking billions. Well, I have a twitter feed. People can look it up. I didn’t even know what the exact name name is. It’s at silver 22. I think there’s this, this twitter feed, but I put up an article. Maybe I’ll finally put it up again about how much electronic waste is thrown into landfills right now as a snappy title. Like do you know you’re throwing 400, 400 tons of gold away every year. Something along those lines. I forget the exact title, but it’s a big point I’m making here.
Casey Stubbs: 36:35
If the listeners of this podcast were interested in signing up for your newsletter, what would they have to do?
David Morgan: 36:41
Yeah, just go to the free letter. I mean, you know, you can decide later if you want to get involved in the sector or not make money. Just go to the Morgan report dot comm. I need a first name of your primary email address. It is a double opt in, which means will mail to the email that you sent us. Make sure it’s you’re not a robot and then you are there every week. I do a free podcast for all the free people, which is called the weekly perspective. I talked about the big macro picture in the economic scene and why we are in the crisis we are in. And then I always finish a little bit with golden silver updates for everybody because that’s what I’m known for. So it’s free. You’ll get some advertising and usually it’s to your benefit. Other newsletter writers love to rent my list so you’ll see stuff from the door and some of the other big names. And usually bullion dealers will come on when they rent the list. Uh, we let them do it if and only if one, I trust them and I know them. So they hit the 10 rules of silver invested and they’re going to promote something that is a benefit cost basis to my followers. So
Casey Stubbs: 37:43
David, thank you so much for being on the show today.
David Morgan: 37:47
Well thank you so much for having me. It’s always good to hear how a new water, I mean most of what I’ve discussed, I’ve said to others on the web, but you actually probed a little deeper and a more meaningful way to drill down some of these topics because a, I’m passionate about it and I’ll be honest. I mean when you get a breakthrough technology like we’re witnessing now and no one knows about it and you’re one of the first, uh, you know, and you know, you’d be vindicated at some point because these larger entities, much bigger than the Morgan report will have to pick up on the story at some point. And I’ll be able to say, yeah,
Casey Stubbs: 38:26
and all of the information about your newsletter will be posted below this podcast. So if you’re listening, you can go ahead and just click the link and sign up to David’s free newsletter. And this has been the cash flow hacking podcast. Thank you so much for listening.
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