SILVER & GOLD CURRENCY AND MINERS David Morgan interviewed by Cambridge House Live

[TippetyWhip]

Great video. This is one of Morgan's best in the last while. Much appreciated.

[raymintboy]

Very nice video David, many great point and information !!

[silvermaniamania]

when there is a bubble, everyshit with silver will go up! XD

[nld1960]

I am 66 years old and I have a lot of silver. So I should turn it into gold now?

[TWSceptic]

@nld1960 I think you should have 50% gold 50% silver. Silver is more speculative, while gold gives more certainty.

[Luiyi385]

@nld1960 I'd wait for a better Gold/Silver Ratio as recently it has widened to about 55 and just a few months ago it was around 30.

[nld1960]

@Luiyi385 Thank you. So if you were my age and the ratio would be around 30, you would then sell all of it?

[Luiyi385]

@nld1960 I already sold all my Silver, now only in Gold. But I would change some Gold for Sivler if ratio goes to 55 again. Perhaps have a position of 80% Gold 20% Silver. In your case it depends on how soon you would need to use the wealth you have stored at present in metals. If you can wait for a few years I don't see nothing wrong in having a percentage in Silver.

[foggymedia]

Silver is not money, it's a commodity. Nothing could be more basic than that. If your local store or Home Depot won't accept it, it's just silver.

You can also use cowrie shells, pieces of paper, bags of corn, salt, or a bag of shit as money or a token of exchange. Silver is a not defacto money and can only serve as money only on the condition that people accept it. People are little hair brained in their understanding.

[azerovc]

David Morgan is a moron. ETFs are as fraudalent as every other derivative. If you don buy physical, you don't buy it at all.

[VegasRage]

God whoever left the volume up on the speakers in the room should be slapped. Awesome interview but very hard to listen too because of the bad audio feedback.

[silvernail6]

Dave, smile when you say "ridden it"

[nayanmalig]

The timeline for silver gets longer. The whistle blowers have lost their whistles & the silver buffs are getting old..

[w0tm]

@nayanmalig patience 26 to 33 in a month is not bad. Dam about to burst (IMO). JP Morgan who is behind the market manipulation is out of bullets. If they slam silver again but lose they will go under and take Wall Street with them. Rumor is they are still short HUGE numbers on silver. Will take Obama to save them with taxpayer dollars. That WILL happen.

[nayanmalig]

@w0tm That's very likely. Bloomberg has a JP Morgan ad with their CEO Jamie Dimon appearing personally & lying his damn head off. now we KNOW it's bad.

[jamesarongray]

there's not really more gold than silver... there's more investment gold than investment silver... but when u include industrial silver there is heaps more silver... that's why silver costs less.

[w0tm]

@jamesarongray just curious what source you use for stockpile of industrial silver? Major users reporting silver bars they are receiving are date stamped AFTER their order date. No users are hoarding that they will admit. Public companies would have to show that in their financials on balance sheet. Largest silver mine in world just got shut down for remainder of 2012 - safety problems. Usage is now 35% higher than mined numbers. Numbers have fallen for five years in a row.

[connectingdots1]

I buy PHYSICAL silver..there is no risk, especially moving forward.

And since a great portion of silver piggy backs on gold mining, then I'd MAYBE buy several Jr miners but with our current stock market Hijacking I find it too risky to play paper games.

Who wants to end with mining coe's who have gone on strike due austerity measures,ect, ect ,ect...besides I hate 3rd party risk assets.

Hence my physical obsession.

thumbs up if you have the physical silver disease also!

[crazeyspivey]

@connectingdots1 Yea baby, and their aint no cure for our ailment. GettyUp, Hi Ho Silver Away! Go Ron Paul!

[socustrocus]

when someone Interview David Morgan, im all ears,

What’s the music name playing at the end btw?

[w0tm]

Good interview but what happened to "the dollar is collapsing now" to the dollar only has weeks left" to months to now "two to three years". My silver is gathering dust! Ready to cash in at $1,000 an ounce! There is ten times more gold than silver in the world, gold has almost no industrial use and gold is 98% of the dollars of precious metals. Meaning silver is only 2% of precious metals! That is crazy! Can TPTB manipulate forever? Seems so.The world is awash with gold - not silver!

[JaaMizzou22]

@w0tm Gold does have industrial uses, in fact it can be used for many of the same things silver is used for. We use silver just because it costs so much less per ounce than gold does. So silver is cheaper, why? Because it must be more common/easier to obtain or else we would use gold.

[w0tm]

@JaaMizzou22 I'm dumb as post in 99% of everything but I do know metals. I did metals research for AEC for years. Would like to see list of uses of gold plus where gold can substitute for silver. I often receive e-mails saying "no problem is we run out of silver - we'll use gold - must be better as it is 55 times more expensive. Wish that was true. If you have time please send list to gyantis@gmail.com. I keep an open mind and would like to see it. I am always learning.

[JaaMizzou22]

@w0tm You must be dumb as a post as a simple google search of "uses of gold in industry" results in a number of sites that gives some applications including: electronics, computers, dentistry, and some medical cures. There is silver in keyboards and I'm pretty sure that it is because of the similar molecular make up of Ag and Au that makes them similar and interchangeable in some applications. Silver is simply cheaper per ounce so it is used much more often as I said before.

[w0tm]

@JaaMizzou22 You simply repeated what you said the first time. I will wait for list. I did PhD level research for AEC on silver and gold. Gold tarnishes less than all other metals, is used in a few medicines and retains heat in windows used in space shuttle. All I can think of! Silver is used in more individual separate applications than any other mtl other than oil (NOT qty - separate applications). Gold is #4 in electrical resistance. Silver is #1. List is VERY long.

[w0tm]

@JaaMizzou22 All you did was repeat your 1st post I'll assume you have no clue unless you send me list of uses for gold and why it is better than silver.Medical is <50 oz total per WGC! Far less than 1% of gold is used in industry. Almost none in dentistry these days with porcelain amalgam far superior as filings.I owned 5 electronic companies and sold for hundreds of others.Everything from military to consumer.Other than paper thin gold flash for decorative surfaces gold was zip!

[JaaMizzou22]

@w0tm Do the google search I suggested previously and you can find your own applications. I listed some of them for you. Gold can be leafed thinner than silver so even if it is more resistant to electricity you can make it thinner so there is less material to travel through which decreases the resistance. And you are proving my point. You said that less than 1% of gold is used in industry. Proving that it does have industrial applications. Right now gold is ~50 times more expensive than silver

[JaaMizzou22]

@JaaMizzou22 so they will only use it if it is absolutely necessary. But imagine if silver was more expensive, then they would substitute it for gold in as many applications as possible.... And talk about repeating posts lol.

[w0tm]

@JaaMizzou22 This is silly. I won't respond again. You're wasting my time. You have no knowledge of electricity, Making gold paper thin would make it impossible to conduct current (amperes) above a miniscule amount.It would "burn out" like a micro-ampere fuse. Yes, gold does have some industrial and medical applications. I said it did when you need to lower tarnish problems (ie sensitive electronic connections). Even that will soon end. Now less than >.1% of gold mined annually..

[w0tm]

@JaaMizzou22 Also making any metal smaller/thinner does not lower its resistance - only its ability (or lack of) to carry current. This is taught in high school electricity shop class (where offered). As an aside some dentists offer to replace gold fillings for FREE with porcelain if they can keep the gold.Some dentists now ONLY do this. VERY profitable. Use of gold in dentistry is now a negative number. New type of silver coating is 99% tarnish free.Will end gold to lower tarnish

[JaaMizzou22]

@w0tm HELLOOOO!!! you are proving my point with your dentistry thing. Look at my first post. All I said was that gold had uses... and we would use it more often if it were cheaper and you counter by saying we don't use gold that much because it is expensive. And my knowledge of electricity doesn't really matter because all i'm doing is pointing out that gold has industrial uses.

[w0tm]

@JaaMizzou22 I wrote I wasn't going to respond again but I care for all human beings. With all due respect I would encourage you to seek professional help. You are not "playing with a full deck". To repeat again dentistry is now a NEGATIVE user of gold as virtually all dentists used porcelain based amalgam to fill cavities. Some actively advertise for older people who might have a mouth full of gold filings.They replace the gold with porcelain if they get to keep the

[JaaMizzou22]

@w0tm OMG if gold cost less than porcelain they would use gold instead. Just like how if gold cost less than silver they would use it in many of the applications they currently use silver for. That and gold has industrial uses is all I said in my first post

[w0tm]

@JaaMizzou22 IF gold was a penny an ounce it would replace MANY metals. I won't hold my breath waiting. Probably not porcelain amalgam in dentistry. Dentistry has discovered metal fillings leaches into the body's system over decades causing metal poisoning in the body. I had the metal removed from my teeth, replaced by porcelain then went through treatments to remove the high level of metal poisoning that WAS in my body. I felt much better with the metal poisoning removed.

[JaaMizzou22]

@w0tm You side with me again. Gold would replace many metals as you say. Are you saying there is no possible applications that gold could replace silver in? I think that is very unlikely. Making my original statement of gold could be used instead of silver in many applications and would be if it was cheaper than silver. Why do you think the industrial uses are decreasing? well I'll tell you why. its because the cost of gold is going up and people are turning to porcelain, etc.. as you stated.

[w0tm]

@JaaMizzou22 My LAST Response. This has to be the silliest exchange I have ever had. If gold dropped to a penny a ton it would used to build everything from truck bodies to nuts and bolts. When that price is reached I will be aware of it and we can continue this. in the meantime you need to fine someone else to have an inane conversation with. You're finished with me.  Porcelain is now used in dentistry for HEALTH reasons - not cost.

[JaaMizzou22]

@w0tm Finally! we agree! If gold was cheaper than silver it would be used more in silver and thus it has industrial uses! It took a while but I knew you would come around. If you have any more questions just let me know! 

[w0tm]

@JaaMizzou22 Well, I'll reply again. You should have a carnival act or be a fill-in for Jay Leno. Bulletin: "Quad Trillion ton gold deposit discovered. Gold now cheaper than dirt" Don't tell anyone before I can unload my gold. Silver would STILL be used for electrical applications due to resistance. Computer of gold would run slower than Atari Pong game.

[JaaMizzou22]

@w0tm I still don't get your unyielding "gold cannot be used in any electronics." Do a simple search and you will see there are a number of sites that say that gold is used in electronics.  """Gold wires the internet. It is the material of choice in numerous electronic applications, especially telecommunications, information technology and other high performance and safety critical applications. The single largest industrial application for gold.""" got that from one of the many sites

[w0tm]

@JaaMizzou22 You're writing things I never wrote. So just write whatever you like. Gold is used when tarnish is a problem - period. Not common.

[JaaMizzou22]

@w0tm first you say that gold cant be substituted for silver in anything then you say if the price was right gold can be substituted for anything. And thats exactly what I said. If the price is right people would use gold instead of silver in everything they could. You have been begging for industrial applications for gold then I give them to you and you say you never wanted them? What point are you trying to make?

[w0tm]

@JaaMizzou22 gold to sell it! There ARE a few industrial uses of gold but they are decreasing and are already WAY below 0.1% of all gold mined each year. This began by you claiming gold could replace silver. It cannot. Read the exchange of comments from the first one then seek professional help. You do need help. I hope you find it. I care for all people.

[TWSceptic]

@w0tm "There is ten times more gold than silver in the world"

LIES. There is ten times more silver than gold above ground.

[w0tm]

@TWSceptic You are correct. Semantics. Actually, NO ONE knows what there is under ground. I should have said ABOVE ground. Although IMO numbers are fudged to meet needs of illegal market manipulators. IMO there is far more than ten times gold vs silver ABOVE ground but I can't prove it. Just rumors plus watching the tricks of banksters and other crooks. I believe there is far more gold above ground and it is in hands different than claimed. ie NOT much in Ft. Knox or LBMA

[Braun09tv]

@w0tm anyone ever compared the NASDAQ bubble and its $1500 testing dip with the gold pullback to $1550 or so?

[w0tm]

@Braun09tv don't know - I've seen gold, silver, Dow etc. compared with everything from phase of moon to days where temperature averaged 56 degrees. I pay no attention to such things. Numbers and dates are just numbers and dates.

[Braun09tv]

@w0tm The Dow cannot be compared with Nasdaq, because the Nasdaq was discovered due to Internet. A bubble builds up, because something is discovered and so you get the dynamic effect. Do more research and use every part of your mind: there is a big big difference between Dow and Nasdaq!!! Dow is always in focus, Nasdaq and gold is not. Today gold was rediscovered. It becomes a "discovery bubble" like the Nasdaq was (was also discovered due to new technology).

[pinegrove33]

great video

[sidkings]

Wow!! Absolutely superb. Nice one Dave :-)

[TruthOverFacts]

Great interview.

[acuriousbeast]

Informative. Thanks.

[zalida100]

@acuriousbeast so there you are!....

Whatcha reckon to metal move in the last couple of hours? I'm guessing it's petro-dollar related via India china iran oil thing. $ has dropped a bit too, but maybe that is caused by iran thing. Any guesses?......... oh wise one?

[acuriousbeast]

@zalida100 A simple one word answer, 'Bernake'. Every time he opens his mouth the metals spike. The folks over at the SLV must hate it, having to orchestrate yet another smack down every time Big Ben opens his yap : D

[zalida100]

@acuriousbeast Ah. So that titty-mouthed little twat was saying something obfuscatory today? Yep. You may be right. I was just wondering if iran thing was related. I read somewhere that options expiry was thursday this week, and they normally try to bring the prices lower for that. Maybe little weasle-face has just messed it up for them. Oh well. It's only paper anyway. Ta for the info - I feel more enlightened now :)

[zalida100]

@acuriousbeast Hey acb - I sent a reply to your PM but I dunno if you got it. It never showed up in my "sent" box

[crazeyspivey]

@zalida100 Release of the corrupt, illegal, unconstitutional FOMC meeting notes.....looks like more printing of fiat paper. Gotta grab the silver now before the collapse shifts into overdrive.

[zalida100]

@crazeyspivey So the market anticipates more printing. Thanks for that info - appreciated. cheers