Silver Is Going PARABOLIC! Gold & Silver Prices Are About to CHANGE FOREVER – David Morgan

Silver Is Going PARABOLIC! Gold & Silver Prices Are About to CHANGE FOREVER – David Morgan

I looked at the chart I mean I’ve done a lot of technical work I don’t feature it a lot in the Morgan report but we look at it from time to time it looks like it could do a head and shoulders top I really doubt that with the um all this going on geopolitically the war drums uh the conflicts increasing with Iran involved now I mean I can see a correction a high level consolidation further silver launched later than gold we all knew this time gold had to lead the way it has I really want to see silver over 30 and from my perspective Elijah to finish I do not see this as the high point for the year I think we’re going to get over 30 for silver and probably hit the 25 Mark at least in in the gold market David Morgan of the Morgan report forecast continuing the bull market anticipating silver potentially exceeding $30 and gold reaching at least $2,500 despite the recent record high in gold prices surpassing $2,400 an ounce investors May not witness significant downside from current levels as the World Bank projects an 8% gain in the precious metal this year in its 20124 commodity Market Outlook the World Bank predicts gold prices to average around $22,100 an ounce this bullish Outlook follows a 4% rally in gold prices during the year’s first quarter signaling an upward trajectory Morgan reflects on Gold’s recent price movements underscoring its nominal all-time high in US dollar terms and stressing the important importance of considering purchasing power over time the decline in the Dollar’s value losing 97% of its worth since 1913 and 25% of its purchasing power since the start of 2020 highlights the currency’s inflationary State and underscores the need for financial diversification Morgan draws parallels between Mike Maloney’s transition from Real Estate to gold and a potential shift in Chinese investment Behavior towards gold given China’s substantial population and influence Morgan suggests that such a change could have significant implications moreover gold has emerged as the preferred investment option for people in China as reported by the economic Times China’s gold bars and coins investment surged by 28% to 280 tons in 2023 according to the gold demand Trends full year 2023 report by the world gold Council this trend further underscores Gold’s growing appeal and significance in global investment strategies come along as we explore David Morgan’s valuable insights don’t miss out on our latest updates subscribe to our Channel and activate notifications thank you for tuning in the precious metals markets are pretty much in a consolidation phase U you could say on a trading from a trading perspective they’re overbought and they need to correct need to take a brether the old added back and fill so we need to gain another level of support for both gold and silver but uh adding on to what you opened with Elijah you know wasn’t just three months ago that we were kind of wondering is you know 2,000 going to be support of resistance as you said and of course obviously it’s now support had a nice big move about past 2400 US dollar terms and I’ve been asked to write a missive for a um a publication which I write for three four times a year and he wanted me to comment on the golds alltime high and in that missive I said it’s only a nominal all-time high if use the US government CPI calculator so we’re using their numbers you need $3,222 gold to equal the purchasing power of a 1980 $850 I think that’s important really not for maybe our viewers but someone that’s coming on board now like well gold is too high you know it’s it’s all-time high it’s alltime nominal only so coming back the other question I think we may I looked at the chart I mean I we look at it from time to time time it looks like it could do a head and shoulders top I really doubt that with the um all that’s going on geopolitically the war drums uh the conflicts increasing with Iran involved now I mean I can see a correction a high level consolidation further move silver launched later than gold we all knew this time gold had to lead the way it has I really want to see silver over 30 and from my perspective Elijah the finish I do not see this as the high point for the year I think we’re going to get over 30 for silver and probably hit the 25 Mark at least in in the gold market and if we go back to this Market you know I meaning this bull market that we’re still in and had a long pause for a decade or more but if you look at when Mike Maloney started Mike did something that was way outside the box for almost anybody else IED know and what he did was he wrote a letter to Robert kosaki on the flight back to got a 21 and we had had breakfast that morning and he made a case very strong one with Robert about real estate to gold and it caught and it was perfect timing because Mike said real estate’s overpriced metals are underpriced you ought to consider um switching out of one asset not totally but you know lightening up on one and building a position in the other and it couldn’t have been more correct well I look at that as a small analysis to what’s going on in China China is real estate real estate real estate well ever Grande and all these other big firms in China with these ghost cities and these apartments that are half built and all the let’s say real estate failures they have did a switch ofo from Real Estate being the most stable best investment you can make and move back into gold and that’s a 1.4 billion population so I think that’s what’s really going on I think it’s a subtle it’s not so subtle but I don’t think too many I’m probably the first one on your show to say it call them as I see them as you well know you known me for years and that’s how I see it so it could be a lot bigger than oh the Chinese like gold if their whole Consciousness and investing shifted from gold better than real estate um we’re just getting started Morgan proposes that for the next monetary system to thrive it may require backing by gold particularly considering the significant gold reserves held by countries in the East the US formally abandoned the gold standard in 1971 during President Nixon’s Administration amidst growing inflation and looming concerns of a gold run this decision marked the end of the bretonwood system as the Dollar’s convertibility to gold was terminated while silver was more abundant relative to Gold a Bim metallic standard was established in 1792 initially the officially adopted silver to gold parody ratio of 15 to1 aligned with the market ratio however the declining value of silver post 1,793 led to the displacement of gold from circulation as per gresham’s law Morgan traces the historical flow of gold from Great Britain to the US and now to China suggesting a potential shift in Global Financial power towards China no government currently utilizes the gold standard Britain ceased its adherence to it in 1931 followed by the US in 1933 and the complete abandonment of remnants of the system in 1973 let’s get back to the interview the idea that he who owns a gold makes the rules that’s pretty much been a fact for you know for centuries I mean you get somebody as smart as Martin Armstrong and he probably argue that point but from a long longterm perspective it es and it flows you go from a gold standard which isn’t the best but it’s been one of the best into morphing to a Fiat standard that collapses and then come back into a asset Bank based currency so it go kind of goes and this is very broad brush it’s not the exact monetary history certainly not but it’s sound money non-sound money failure back to sound money off sound money failure back to sound money that’s kind of the again broad brush view so if that’s the case that for the next system to really work may be proposing a cbdc that doesn’t work and needing to back by gold and the East has most of the gold and there’s also a a subset to that as a kind of a proof like you’re doing a proof on a math equation and the proof is if you fall where the Gold Trail is it’s always the producing Nation so if you go back pre us where the US held most of the gold it was held by Great Britain and they were the main producers yes it was colonial system and all that but under the UK umbrella they produced the most and had the most gold then you go to World War II and we the US produced the most production and mostly the War Machine and then post the war housing cars freeways everything else and all the gold not all but the Lion Share the gold went to the US now the lon share of the gold has gone to China so it just follows you can say well wait a minute if you just you know follow the money one of the best things we can do in journalism you know it doesn’t you know get the personalities out get the bias out get the politics out just look at where the money’s flowing it’s gone from the UK to the US to China what does that mean well it suggests strongly that you’re right that we’re going to see the Chinese have the commanding maybe not currency maybe not Global Currency but certainly a much higher status in the financial Market or the monetary system than we see today and if you take it a step further and look at the their cbdc which is by far the most advanced and most utilized in the world maybe that’s it and they’re just using their gold as a you know as a backup plan or as a subtle way to rein force their power if they get resistance to it I don’t know I don’t know the future but I do know what it’ll look like in the past and as Mike Maloney says the further you can look back usually the more you could go forward so there’s my two cents Rising inflationary pressures are compelling the Federal Reserve to extend its restrictive monetary policy Beyond initial projections the World Bank has highlighted the possibility of heightened commodity price inflation in the coming year presenting a daunting challenge for central banks worldwide share share your perspective in the comments below if the 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Silver Is Going PARABOLIC! Gold & Silver Prices Are About to CHANGE FOREVER – David Morgan

David Morgan of The Morgan Report forecasts continuing the bull market, anticipating silver potentially exceeding $30 and gold reaching at least $2,500. Despite the recent record high in gold prices, surpassing $2,400 an ounce, investors may not witness significant downside from current levels, as the World Bank projects an 8% gain in the precious metal this year.
In its 2024 Commodity Market Outlook, the World Bank predicts gold prices to average around $2,100 an ounce. This bullish outlook follows a 4% rally in gold prices during the year’s first quarter, signaling an upward trajectory.
Morgan reflects on gold’s recent price movements, underscoring its nominal all-time high in US dollar terms and stressing the importance of considering purchasing power over time. The decline in the dollar’s value, losing 97% of its worth since 1913 and 25% of its purchasing power since the start of 2020, highlights the currency’s inflationary state and underscores the need for financial diversification.
Morgan draws parallels between Mike Maloney’s transition from real estate to gold and a potential shift in Chinese investment behavior towards gold. Given China’s substantial population and influence, Morgan suggests that such a change could have significant implications.
Moreover, gold has emerged as the preferred investment option for people in China, as reported by the Economic Times. China’s gold bars and coins investment surged by 28% to 280 tons in 2023, according to the Gold Demand Trends Full Year 2023 report by the World Gold Council. This trend further underscores gold’s growing appeal and significance in global investment strategies.
Morgan proposes that for the next monetary system to thrive, it may require backing by gold, particularly considering the significant gold reserves held by countries in the East.
The US formally abandoned the gold standard in 1971 during President Nixon’s administration amidst growing inflation and looming concerns of a gold run. This decision marked the end of the Bretton Woods System, as the dollar’s convertibility to gold was terminated.
While silver was more abundant relative to gold, a bimetallic standard was established in 1792. Initially, the officially adopted silver-to-gold parity ratio of 15:1 aligned with the market ratio. However, the declining value of silver post-1793 led to the displacement of gold from circulation, as per Gresham’s law.
Morgan traces the historical flow of gold from Great Britain to the US and now to China, suggesting a potential shift in global financial power towards China.
No government currently utilizes the gold standard. Britain ceased its adherence to it in 1931, followed by the US in 1933 and the complete abandonment of remnants of the system in 1973.

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