David Morgan - The Case for $10,000 Gold & $500 Silver
David Morgan tells us based on the level of base money and the amount of gold held by the U.S. Treasury, gold is headed to $10,000/oz. If silver reverts to its historic price ratio to gold, that would mean over $500 silver.
Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the economy slows, there will be less demand for base metals, reducing the production of silver.
As for the short term, Morgan sees gold and silver moving higher within the next few months.
Silver backed cryptocurrency mentioned in the interview: https://ag.lode.one/
Morgan also points out how an economic crisis could impact the silver supply. 75 percent of silver is mined as a byproduct of base metal mines. If the economy slows, there will be less demand for base metals, reducing the production of silver.
As for the short term, Morgan sees gold and silver moving higher within the next few months.
Silver backed cryptocurrency mentioned in the interview: https://ag.lode.one/
