David Morgan of Silver-Investor.com Discusses Outlook for Silver in Video Interview by Ted Ohashi of InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2013) - David Morgan, founder of Silver-Investor.com and publisher of The Morgan Report, discusses outlook for silver in interview with Ted Ohashi of InvestmentPitch.com.
This video interview is available for viewing on InvestmentPitch.com. If this link is not enabled, please visit www.InvestmentPitch.com and enter “Morgan interview” in the search box.
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Morgan is very bullish on the outlook for silver and gold at the present time. His optimism is based on the fact that many countries and especially the United States are pumping money into their economies and borrowing to do it. You don’t have to be an economist to know what happens when supply rises and demand doesn’t. Prices fall and in this case we are talking about the U.S. dollar falling in value. So one reason Morgan is so bullish on silver and gold is as a hedge against a currency crisis.
The other symptom of a declining currency is inflation. Inflation is the rate at which prices increase for goods and services. But the other way to look at it is that inflation is simply a sign that money is declining in value. If money declines in value, you need more of it to buy the same amount of goods and services. During inflationary times, ownership of real assets is king so people will get rid of currency and buy almost anything real. During hyperinflation in the past, people have rushed to spend paper money because prices were rising by the hour. To wait simply meant your paper money bought less as prices rose almost hourly. So he sees a time when people are clamouring to buy real assets and at the top of the list are silver and gold.
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short, three minute videos based on news releases and research reports.
Barry Morgan, CFO