Looks like America wants Mitt Romney, the JP Morgan appointee so mash the gas peddal on gold and silver buying cause we will see more war, more laws, less freedom, more inflation. U.S. right on course for failure.
Also, he says that dealer won't pay more for an Eagle compared to Sunshine. Thats wrong, Eagles always sell for more than generic silver. One reason is its currency..
@nld1960 David Morgan just said that when sell your silver eagles you will get the spot price. Go to APMEX and you will see that they will buy the eagles from you at $1.50-1.60 over spot. I don't know what he's talking about.
@mnesbitt100 I just went to Apmex and they are paying $35.33 for Eagles,the rate right now is $36.43, so that would be $1.1 under spot.They must have gotten a supply in.
David said silver is coming down due to chart mechanics.It might,but the reason it is up is because the dollar went down and gold/silver ratio is still 1:51 and the bad economy is driving folks to silver as gold is too high.There is a paradigm shift bringing silver up,not chart mechanics
But according to economic theory the consumer determines the price based on marginal utility. The prise isn't based on production costs instead the production costs are determined by the consumer and how much value they place on the product. Am i wrong? If not it's not because it costs more to make the coins but rather people are just more willing to spend more on the pysical.
Morgan is not bullshitting here - he did call 26 as the bottom...if that is indeed the bottom
theMAXILOPEZpsycho 3 weeks ago
Looks like America wants Mitt Romney, the JP Morgan appointee so mash the gas peddal on gold and silver buying cause we will see more war, more laws, less freedom, more inflation. U.S. right on course for failure.
johnnieace45 3 weeks ago
Well put together video, alot of good facts about the silver prices,the market, and striking process of making the coins !!
raymintboy 3 weeks ago
Dealers pay at least a buck over Spot for Eagles - some up to $2.00 / Apmex is the way to go
davidmorgan2099 3 weeks ago
usa wont fall and silver wont be 500 $ oz in your live time
Mikahopea 3 weeks ago
I dont trust David Morgan... I think he is playing/praying on the silver community...but that is just my opinion.
Bulliondon 3 weeks ago
@Bulliondon So now David Morgan is a silver priest and is praying on the silver community?
ArgentPure 3 weeks ago
Also, he says that dealer won't pay more for an Eagle compared to Sunshine. Thats wrong, Eagles always sell for more than generic silver. One reason is its currency..
Romulan112 3 weeks ago
Has David Morgan ever been wrong? About Silver, that is?
nld1960 3 weeks ago
@nld1960 David Morgan just said that when sell your silver eagles you will get the spot price. Go to APMEX and you will see that they will buy the eagles from you at $1.50-1.60 over spot. I don't know what he's talking about.
mnesbitt100 3 weeks ago
@mnesbitt100 Fuck Selling before its overvalued....then who gives a shit about $1.50, if I'm selling for 1000 still made my money back.
iDIMi 3 weeks ago
@mnesbitt100 I just went to Apmex and they are paying $35.33 for Eagles,the rate right now is $36.43, so that would be $1.1 under spot.They must have gotten a supply in.
David said silver is coming down due to chart mechanics.It might,but the reason it is up is because the dollar went down and gold/silver ratio is still 1:51 and the bad economy is driving folks to silver as gold is too high.There is a paradigm shift bringing silver up,not chart mechanics
nld1960 3 weeks ago
But according to economic theory the consumer determines the price based on marginal utility. The prise isn't based on production costs instead the production costs are determined by the consumer and how much value they place on the product. Am i wrong? If not it's not because it costs more to make the coins but rather people are just more willing to spend more on the pysical.
jamesarongray 3 weeks ago
i just burnt my tongue
ovechkin100 3 weeks ago
Great video for the novice. New stackers/investors, must watch!!
lowpross11 3 weeks ago 4
Thanks for making an appearance in Vancouver and giving a great talk at the conference!
TheSilverWatch 3 weeks ago 4