Greg Hunter: The Great Silver Crisis Is Coming! 1980 $50 Silver Equals $600 Today! – David Morgan Video

By Greg Hunter’s USAWatchdog.com 

Precious metals expert and financial writer David Morgan says, “There is a lot of buying pressure in the silver market right now and for gold as well.”  Morgan points out that even more buying pressure from the industrial side of the market could catapult demand and price.  Morgan says, “We are probably entering into what I call ‘The Great Silver Crisis.’  ‘The Great Silver Crisis’ really is verified when the commercial bar category is bought for industrial use, and they panic. So, when Apple says we can’t make the 5G phone because it’s going to take silver and it’s on back order, and it will take two months to get it, they’ll have to shut down the production line.  That spills over into the electric vehicle market and spills over into a lot of electronic manufacturing.  When that happens, the industrial side, which is 60% of the market, panics into buying silver and has to warehouse it because they are afraid they are going to run out because without silver, it would put them out of business.  That would be ‘The Great Silver Crisis’. . . . We are not that close yet, but we are getting closer.”

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On the financial end of the market for precious metals, it look dire.  People are getting scared.  Morgan says, “We are at a point now where they are printing so much money that people are trusting the currency less and less and less.  It becomes worth less and worth less, and then it becomes worthless.  We seem to be going to worthlessness.   That’s when you will see greater demand than we are already seeing.  We are seeing the precursor to what happens.  We are in the third leg up in a bull market.  The third leg in any market is the most substantial increase. . .”

Morgan points out that inflation is much more extreme than most people realize.  Morgan explains, “If you look at the metrics that we used in 1980 where food and energy, the two things humans need most to survive, were not taken out of the CPI (consumer price index) and they left that in, and we went with the same calculation, which is far more honest that the calculation we have now, it’s a simple math problem, and $50 silver in 1980 is $600 right now.  The $50 that silver hit in 2011 really didn’t buy you anything, and certainly not what it would have bought you in 1980.”

In closing, Morgan says, “A bull market is very much like riding a bull that will buck to try to get that rider off its back.  You will see these huge moves down like we saw this past week, 15% in one day, that will take weak hands off the bull, and they are never going to get back on it.  The main function as an investor is to hang on to that bull all the way up to near the top of the market, and then take a profit or whatever.  So, be prepared folks.  Bull markets go up and down, and you are going to see some real scary moves up and down.”

Join Greg Hunter as he goes One-on-One with David Morgan, publisher of “The Morgan Report.”

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After the Interview:

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Related Posts:

• Fed Flooding Market with Funny Money – David Morgan
• JP Morgan Will Stop Shorting Silver – Craig Hemke
• Biggest Inflation in the History of History Coming – Bill Holter
• Fed Cannot Stop Money Printing – Craig Hemke
• Fed Pawn Shop Repo Market Shows Panic Mode – Craig Hemke

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