Ellis Martin Report with David Morgan

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Ellis Martin speaks with David Morgan, The Silver Guru of www.silver-investor.com about the current condition of the US economy and the value of investing in precious metals as a safe haven. Is market collapse imminent? Has the tipping point been reached, good or bad? What about gold stocks? This is Mr. Morgan's most revealing interview to date with this journalist.

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  Education

[acuriousbeast]

I'm glad so many of my friends liked this. I saw it come up and then got so busy I forgot about it. I always tune into hear what Mr. Morgan has to say.

I suspect more price suppression ahead for awhile maybe some lift off in the fall but the powers that be will try to make things look like they are or will shortly get better until after the 2012 Presidential Election.

[yaahme]

Default was what happened when the Treasury started to buy it's own debt from the Fed Reserve.

The great news is that if the Treasury issued it's own money, as they should do per the Constitution, we could save 500,000,000,000.00 per year in interest payments alone, the national debt would drop, and we would be a beacon for the world to look up to again as prosperity would grow. 

[theMAXILOPEZpsycho]

really hope he's right and we get a knock down to $36. I've got some fiat to buy some more and will also make a little options play at that price...I see a slingshot move upwards after then...$65 by end of year?

[timmit59]

Silver will take a bit along with everything that has a portion of it's demand driven by speculative credit. Food will go up the most because it has the least debt-demand of anything. Ie people buy food is cash, houses with debt, and silver on margin with a minority (of demand) buying in cash

[Quranite]

Now it seems that he is mirroring Mike Maloney a bit more. In the case of an economic downturn, I think silver may lag and/or even drop for a bit, but if gold continues to climb silver will begin to pick up all of those buyers who would have bought gold but won't be able to afford it. Some may propose that this is the reason why silver is currently holding its ground so far. A drop in industrial stocks means lower silver but higher gold means higher silver. So a cancelling out effect?

[dowhatuwill]

Yes, but unlike platinum and palladium, silver has been money for 5000 years. It's certainly the odd one out both because of it;s dual uses and low price.

[thamnosma]

Ellis: Please turn down your mike when David is in a long explanation. Your breathing is often louder than his voice and is distracting. Thanks.

[cvenzke410]

Yes, it is always good to hear his take on the subjects at hand.

[solojam]

just bought a lexus and a iPad 2, lol

difference is, i have the cash to do it :)

live within your means people

[master2030]

I agree that silver is bipolar! LOL