Silver Set To Break Records With An $600 Rally Just Around The Corner According To David Morgan

Silver Set To Break Records With An $600 Rally Just Around The Corner According To David Morgan

there wasn’t enough liquidity in there
to really hold on to that market so
that’s something to really think about
when you have coined circulate the
United State at a sufficient level
through
1964 and you can’t you know Blom
together enough bags to satisfy the
small amount that was actually
physically demand demanded and you had
to close that market that that right
there tells you something but moving
forward the Hunts got obviously very
believe the silver but they also had a
um gentleman that I actually met several
years ago in Dallas and his whole job
was to do research on gold stocks for
the Hunts so they bought a lot of gold
stocks they bought a lot of silver they
had some gold but gold wasn’t their
focus primarily the stocks they had a
focus on but uh but silver was their
main their main thrust as you
know in this detailed video we’ll
dissect key points made by David Morgan
a prominent figure in the precious
metals Community as he delves into the
evolution of silver’s value and its
potential future trajectories join us as
we uncover the nuances of Silver’s
Journey from its humble beginnings to
its status as a vital asset in today’s
economic climate David Morgan initiates
his discourse by tracing back to 1965 a
pivotal year in The Narrative of silver
demonetization although officially
removed from coinage in
18873 silver coins continued to
circulate in the United States until 196
4 albeit with diminishing value compared
to their stamp
denominations this period saw the
emergence of what is colloquially termed
junk silver referring to coins
containing 90% silver content despite
their intrinsic worth exceeding their
face value these coins gradually
disappeared from circulation largely due
to Savvy individuals exploiting the
Arbitrage opportunity presented by their
increasing value relative to fiat
currency the transition from the 1960s
to the 1970s marked a Turning Point as
inflation entered public Consciousness
prompting a surge in Silver’s market
dynamics silver experienced a
significant uptrend culminating in its
peak at $150 per ounce in January 1980
reflecting an unprecedented 850 per
increase within a year this meteoric
rise underscored the role of precious
metals as Hedges against depreciating
Fiat currencies particularly during
periods of economic uncertainty before
we begin don’t forget to subscribe to
our channel for more expert insights and
Analysis so if you go back in 1965 when
they demonetized silver from the aspect
that was no longer the coinage I mean
they officially demonetized it in again
1873 but the the truth is we still
circulated 90% silver coins in the
United States of America through
1964 and so what happened was silver was
worth more than the stamp value that was
on the coins but so Mar marginal a junk
bag or what’s called a bag of silver
something like to refer to as
constitutional
silver you take a bag of $1,000 face
value be it you know 10,000 dimes or
4,000 quarters or uh 2000 halves 90%
silver at the time 65 66 67 those bags
were worth like $11,100
I mean they were just barely worth more
than face value but monx caught on to
that and so monx started taking bags off
the street the only people that were
really wise enough in the very beginning
to my studies to say Hey you know we
gresham’s law and say hey I’m taking out
the silver and I’m you know using these
Federal Reserve notes instead of these
cpro nickel quarters and these cpro
nickel
dimes were the vending machine guys
because in those days all these vending
machines were me ancal and you put two
quarters in and you pulled a handle and
you got your cigarette pack or your
candy bar or whatever it was so the
vending machines had all these 90%
silver coins and believe me those guys
scarfed them up like promto so they
disappeared from circulation fairly
quickly not
instantaneous and so mon us just kept
stacking these bags they go to their
bank and they say I want a loan to value
on these face you know on face value so
they put a th bag in the bank and the
bank gave them 800 bucks and they went
out and bought another bag with that 800
bucks and then they bought another bag
they kept accumulate so they basically
just saw a Arbitrage that was very small
that of course grew I mean a bag of
silver now is 25,000 bucks so people
25,000 Fiat dollars they say wait a
minute silver hasn’t done anything well
my lifetime it’s gone from 1,000 Fiat
where it matched the coin value to 25
times that amount now I mean you know 25
times now it’s taking you know my
lifetime and you know we could go into
what the silver market hasn’t performed
and all that inflation adjust as cheap
as ever and Al that’s it’s true but the
point is no one paid much attention in
the silver bull market at the beginning
except very few then you got in the 70s
and inflation really started to come in
the consciousness of people and that’s
when you really started to see the
market
start to move and so silver had a run I
would say from the early 70s through
1979 where it hit an all-time high of $6
so you got to remember the the the
monetary price of silver is $129 per
ounce now 10 years later 15 years later
it’s at
$6 and then what happened was we got
into what I call
the last phase the third phase the third
leg up or the awareness phase this is
where people become aware that their
money is really losing value and so
silver went from January
1979 to $50 in January
1980 so on a one-year time frame it went
up 850 per. and yet it taken 10 years to
go from let’s say a buck 50 to six to do
a you know to go up by 400% took you
know 10 12 15 years so that shows you
when you get into a situation where
people don’t trust the currency these
markets can go nuts now silver
outperformed gold by a great deal at
that time for a couple of
reasons gold was illegal to own through
I think it was 72 or so so the only
people playing in the precious medals in
the gold side were by gold mining shares
primarily the no ETFs there were Maka
options Maka was a market maker they had
their own options they were not even
listed they were private uh but there
was a market there but primarily it was
just buying mining shares and so the
gold shares that were bought uh were
were primarily South Africans but silver
was available as a commodity and
available on the Futures exchanges and
this is one of the reasons the Hunts got
into there was because they felt silver
was undervalued relative to gold and in
the early days Jordan you may or may not
know that there were two silver markets
on exchanges there was a silver bullion
Market which is a commercial thousand
ounce bars and there was also a silver
bag Mark what I just described and I
forget the contract on the bag I think
it was five bags a bag of melt is about
712 ounces of silver so there’s an ARB
that be done Arbitrage between the value
of a contract of bags versus a contract
of bullion and that was played back and
forth for a while so when hunt was doing
his thing he was asked for delivery
several times and at one point The
Exchange said we can’t deliver the
bullion we’re
sorry uh will you take bags instead the
equivalent in silver it’s just what the
Melt do and bunker said yeah will but he
could have said no no a contract reads
you know th000 o bars I want th000 o
bars kind of would have pulled their
pants down right then and there but he
didn’t he was a nice guy and he took
bags instead well the bag Market dried
up there wasn’t enough liquidity in
there to really hold on to that market
so that’s something to really think
about when you have coined circulating
United State at a sufficient level
through
1964 and you can’t you know Blom
together enough bags to satisfy the
small amount that was actually
physically demand demanded and you had
to close that market that that right
there tells you something but moving
forward the Hunts got obviously very
heavily into the silver but they also
had a um gentleman that I actually met
several years ago in Dallas and his
whole job was to do research on gold
stocks for the Hunts so they bought a
lot of gold stocks they bought a lot of
silver they had some gold but gold
wasn’t their focus primarily the stocks
they had a focus on but uh but silver
was their main their main thrust
diverging from gold which was
constrained by legal restrictions until
the early 1970s there silver enjoyed
broader accessibility through commodity
markets and Futures exchanges this
accessibility coupled with its utility
as an industrial metal rendered silver a
focal point for investors seeking
alternative assets the Hunts notable for
their strategic investments in both
silver and gold capitalized on Silver’s
undervaluation relative to Gold
contributing to its price escalation
during the late 1970s David Morgan’s
analysis extends to contemporary
challenges facing silver as an
investment Avenue he highlights the
proliferation of cryptocurrencies and
their diversion of investment Capital
away from precious metals particularly
among younger
demographics this shift tered the
Silvera scup by John Perez poses a
formidable obstacle to Silver’s
Resurgence as a primary investment
vehicle despite its historical
precedence as a store of value because
of communications and social media and
all that we have um it will just it’ll
go go go go I’ve revised that to say
it’s the it has the potential to the
reason I use the word potential is the
obvious I mean we’ve got this mass
communication everyone can find the
price of silver or gold on their phone
instantly the problem is there’s a big
differentiation between 1970 in
2024 one is education I mean everybody
in my age group knew that silver was
money whether the government told them
it wasn’t or it was they knew what it
was that’s been lost and the amount of
off fisc of other investment be I mean
back in my beginning ag16 the stock
market I mean had the DJI the American
Stock Exchange listing took up like a
middle column in the LA Times I mean I
don’t know how many stocks were on it
but probably a couple
hundred um the over-the-counter market
now called the NASDAQ had very so there
wasn’t a lot you know so gold and silver
right in the mix is something most
people thought about as an investment
vehicle today and I would say primarily
through um you know the Wall Street
Machine you know they never really push
gold or silver really never talk about I
mean I’ve been on national TV I’ve been
on the Main Financial channels I have
haven’t been on them in years but you
know when silver gold had that 10 year
10year bull market from 2000 2011 I mean
they were making a headline gold at
11year bull market it went from 252 to
about 2,000 so that was a pretty good
run and then of course you’ve had as you
said this was it 13 14 year cup and
handle that we probally broken out of
which is important so there’s a lot of
competition and I think there’s been
what John Perez calls the silver sof
and that is that all these
cryptocurrencies that are making
fortunes out of the software stuff has
diverted a lot of people that are aged
20 to 40 20 to 45 out of what money used
to go into the precious metals as a
high-risk High reward vehicle into a
get-rich quick scheme with some type of
cryptocurrency so if you took that money
and you put it into the silver market
you’d probably be at three or four fold
where we are right now the discussion
culminates in a contemp of Silver’s
future trajectory amidst evolving
socioeconomic Landscapes David Morgan
reflects on the dwindling awareness of
silvera’s monetary significance among
the populace ju opposed against the
accessibility of information through
digital platforms while acknowledging
the immutable nature of monetary history
and the intrinsic value of precious
metals he expresses skepticism regarding
widespread recognition and Adoption of
silver as a hedge against currency
debasement but it’s not it’s sitting in
crypto now what’s going to cause the rip
running Roar into the metals and it’s
people that are educated and how many
are I mean when if gold really takes off
and it’s starting to are people educated
enough in North America to say oh I got
to get out of these stocks that are
falling into gold maybe I mean with
social media I mean you can be
enlightened about real money pretty
quickly it doesn’t take like a Year’s
worth of study it takes about you know
two hours worth of learning money AR
history to figure out that all Fiat
fails and we’re on our way to the bottom
but how many people catch on to that
Meme I don’t know so it’s a long answer
but I think it’s an important answer
because I have thought it through and
said you know what I could be wrong not
fundamentally not wrong about monetary
history not wrong about gold and silver
being money none of those things those
are facts what I could be wrong about is
the ability of people to recognize
what’s really going on and take action
they did in 1980 will they do it the
next time around remains to be
determined I don’t have as much faith in
the ability
of the community psyche outside of us
you know Metals heads to see what’s
really happening they’ll be addicted to
their crypto and oh no I’m holding on
for dear life it’s going down but’ll
come back and you know the Great
Depression there are a lot of things
that never came back including a lot of
the banks that were the only banks that
reopened were the ones that were favored
by the uh political Elite that said
these Banks can open the rest are gone
so if you happen to pick a wrong Bank
your money was locked up and went to
money Heaven it never returned
[Music]

Silver Set To Break Records With An $600 Rally Just Around The Corner According To David Morgan

#gold #goldpriceprediction #davidmorgan #silver #silverprice

Delve into the captivating journey of silver with David Morgan as your guide. In this enlightening video, David unravels the intricate history of silver, tracing its trajectory from demonetization in 1965 to its current status as a pivotal asset in the digital age. Discover how silver coins, circulating in the United States until 1964, held hidden value beyond their stamped denominations, leading to the rise of “junk silver” and the emergence of arbitrage opportunities for astute investors.

Follow the evolution of silver through the tumultuous 1970s, where inflationary pressures propelled its price to unprecedented highs, reaching $50 per ounce in January 1980. Learn why silver outperformed gold during this period and how the Hunts strategically navigated the silver market. Gain insights into contemporary challenges facing silver as an investment avenue, including the rise of cryptocurrencies and their impact on precious metal markets. Explore the implications of dwindling awareness of silver’s monetary significance and the potential for a resurgence amidst evolving socio-economic landscapes.

Share this video with your friend if you found it helpful! Consider subscribing to the channel for videos about investing, business, the stock market, managing money, building wealth, passive income, and other finance-related content!
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