{"id":2696,"date":"2014-09-22T13:45:22","date_gmt":"2014-09-22T17:45:22","guid":{"rendered":"http:\/\/www.silver-investor.com\/blog\/?p=2696"},"modified":"2018-06-10T10:55:51","modified_gmt":"2018-06-10T10:55:51","slug":"a-run-to-silver-and-gold-unlike-anything-in-history-of-mankind","status":"publish","type":"post","link":"https:\/\/www.themorganreport.com\/blog\/a-run-to-silver-and-gold-unlike-anything-in-history-of-mankind\/","title":{"rendered":"A Run to Silver and Gold unlike Anything in History of Mankind"},"content":{"rendered":"

\nA Run to Silver and Gold unlike Anything in History of Mankind-David Morgan<\/strong>
\nBy Greg Hunter On September 22, 2014
\nSilver guru, David Morgan, says forget about the manipulated price suppression of the yellow and white metals. It\u2019s only a matter of time before the debt and derivative markets crash, catapulting precious metals prices exponentially higher. Morgan explains, \u201cThe bigger problem all exists in the debt markets, and the debt markets is where the problem is really. When that problem blows up, there\u2019s going to be a run to gold unlike anything in the history of mankind<\/strong>…. The spillover into silver will be phenomenal, as well, because once it (debt markets) starts down, everyone that understands what\u2019s going on, which will be very few, will be running to gold. They will try to get gold in any form that they can, and again, a huge spillover into the silver market. All of a sudden, even at the retail level, and at the wholesale level or commercial level, or the futures market or bar level\u2014it\u2019s over. A big ETF type or silver holding company will call up and say I want to buy $50 million of silver, or $150 million or $200 million, which is peanuts compared to the bond market. . . . The answer is going to be \u2018we don\u2019t have it.\u2019 When that happens, it\u2019s over.\u201d
\nMorgan goes on to say, \u201cThese types of events are anomalies. . . . Few people see them coming, and with the silver price being so low the last three years, a lot of people who once believed us are going to say that these guys just can\u2019t be right. The paper manipulators are going to keep prices under control forever, but they won\u2019t. It will be an event that will be unlike anything we have seen.\u201d
\nOn the recent strength of the U.S. dollar, Morgan says, \u201cJohn Exter\u2019s upside down pyramid explains it very well. The derivative markets blow up, and you go down the pyramid of liquidity. The step above the run to gold is the U.S. dollar. Most people who are under educated about money think if you have physical dollars under your mattress, you are in the safest position you could possibly be in. If you have all of your savings in physical greenback, you don\u2019t have to worry about a bank failure. That is the most important step until that doesn\u2019t work. When that doesn\u2019t work, faith in the dollar is lost or being lost, then where do you go? The answer is you go to money that has lasted for 5,000 years. So, to see the dollar have all this strength and look good, that\u2019s just the step before you go to the last step, which is a run to gold. So, it (the strength of the dollar) doesn\u2019t surprise me. It\u2019s part of the process . . . and the run to the dollar is a precursor that is absolutely necessary before the next step down the pyramid. . . . This is the big picture, and I see how things narrow down and why precious metals are so important in today\u2019s financial system.\u201d
\nMorgan admits that his low of $18.17 silver did not hold and now thinks that the next \u201cprice spike<\/strong>\u201d for silver \u201cwill be going lower<\/strong>.\u201d Morgan explains, \u201cThis means we would get a spike down of maybe a dollar or something like that, from $18 to $17 or maybe even in the $16 range. I think that would be a spike that would be a dramatic drop. . . . It would be primarily a paper driven situation, and it would take place in a short duration.\u201d Morgan goes on to predict, \u201cSilver will be back in the $20 per ounce range, and the high $1,300 per ounce range for gold by the end of the year. That just presupposes that the system, as it is, continues, and the paper markets continue, and the derivative markets continue, and the powers that be are able to manage this price as they see fit with the derivatives. In the event that something happens, that whole scenario could go away very, very rapidly. That\u2019s why you really want to be 6 months too early than 6 minutes too late.\u201d
\nJoin Greg Hunter as he goes One-on-One with David Morgan of Silver-Investor.com<\/a>.
\n(There is much more in the video interview.)
\n