Precious metals expert 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/
FINANCE AND LIBERTY:
Support us ►http://ift.tt/2shkvia
SUBSCRIBE (It’s FREE!) for more ►http://ift.tt/16HjjVB
Like us on Facebook ►http://ift.tt/1gNQcC0
Follow us on Twitter ►http://twitter.com/Finance_Liberty
Google Plus ►http://bit.ly/FNL_Gplus
DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
View on YouTube
Financial News Disclosure 