Silver guru David Morgan was on the Ellis Martin report this weekend discussing silver’s near and long-term outlook, and Morgan’s expectation for the culmination of silver’s secular bull market to see an eventual rush to silver by the general public.

Full interview below:


  1. For the better part of the past year and one half I have been touting the parabolic rise of silver PRIOR to the end of 2012.  However, much of what was contemplated, save for re-election of Obammy, has not occurred (Israel-Iran war, successful kick-the-can-down-the-road regarding tax cuts/fiscal cliff, JPM imploding, oil to 150 bbl,  and European dominos (PIIGS) falling out of sight).  Without all of that, silver still has maintained respectability.  So, it looks like 2013 is gonna be a barn-burner.  My three-digit silver will just have to wait a couple more months!

  2. I suppose there is no reason to wait for a more appropriate time to share this comment with the SD community.

    Last night I converted another $246 of green paper into round, shiny discs. Fifteen 1964 Kennedy Half Dollars, five Walking Liberty Halves and two dimes.

    I like the looks & style of these old coins, and the feel of their weight when held in the palm of my hand. But that is not the reason why I keep buying these.

    Note that I used the word, ‘converted’ above, rather than ‘bought.’ Since the banks pay an insulting interest rate for depositor’s savings, I choose to keep my savings out of their system.

    And when I will need some green paper I can easily convert those shiny round discs into something that I can spend at the store. To mitigate the risk of needing cash when PM prices have cratered – one simple does not convert everything into shinny discs, of course.

    • @mammoth I know how you feel Brother, their my favorite also. They Look So Official and Beautiful. I’m going to hate it when I have to part with them but they will be the last to go. Lol
      The ones with no Numismatic value I rub with a Jewelers Cloth and man they turn out gorgeous. Even the real black and dirty ones.

    • @Mammoth:  That 1917 half has a small numismatic premium value.  It would likely grade at “about good” formally, so we’re only talking about 10 to 30 percent premium over spot.  But over time, this is an example of a date and coin that could easily see expansion of that premium because there just are not a lot of these older Walking Liberties around.  Nice coin 🙂

    • 246$ for all these silver coins is a kinda good deal but my local coin shop has lower premiums! My local coin shop sells American dimes for 2.40$, quarters for 6$, halves for 12$ and dollars for 24$. If these coins were sold by my dealer, it would’ve cost 244.80$.

  3. DON’T clean your coins unless you are 100% certain they have no numismatic value at all and are not likely to have numismatic value in the future (not always easy to know because the available population of a specific date and mint mark can decline and turn “junk” into numismatic).  Cleaning a coin removes natural tarnish and even some of the surface.  The collecting industry hates this.
    While going through rolls or bags of 90% silver in the US market, it’s common to find coins worth more than silver content value.  The best I ever found was a 1941/42 “overdate” mercury dime that looked like total garbage.  It was mashed on the edges from some vending machine malfunction or other odd event.  But the darn thing is worth $60.  I was lucky to have spotted it given its horrible condition.  I’ve found all kinds of other surprises, like Carson City mint Morgan dollars in eBay purchases worth three to four times the silver content of the coins. 

    • I’ve never cleaned my coins except for a few pennies with an eraser and it ruined their qualities. I’ve also used an erase to erase a tarnish stain on one of my Canadian silver Maple Leaf but the trace of the eraser is still left. I also used some soap to clean another of my Canadian silver Maple Leaf but other than that, that’s it.

  4. LMAO These guys keep changing their minds on silver prices, (I used to like Morgan but I weaned myself from him ) I’ve just stopped listening to them and go with what’s happening in the Conditions of our Surroundings and buy on the dips.

  5. @RocketsRedGlare, I have cleaned coins in the past using this method, until I found out this lowers their numismatic value:
    1. Pour 1 cup of warm water into a 1-qt. glass or ceramic container. Stir in 1 tbsp. salt and 1 tbsp. vinegar until they’re dissolved.
    2. Add a 3-inch-square piece of aluminum foil.
    3. Submerge the silver that you want to clean so that it weighs down the foil. Make sure both the silver and the foil are completely underwater. Let everything soak for one hour.
    4. Remove the silver and rinse it in clear water. Rub it with a soft cloth to remove the remaining tarnish and dry it with a dry cloth.

    I will not do this any more, as we have no way of know what will and what will not have numismatic value in the future.  It’s possible that 300 years from now, a kid will be admiring that coin!
    @Flying Wombat, this coin has an S-mintmark. Numbers for the 1917-S Rev Mint Mark 5,554,000

    Nice to see some of the Stackers here on SD are also into the numismatic snd of things.
    Recently I bought a 1916-1926 Walking Liberty coin book and my 6-year old is having a ball pressing the coins into their holes!

    • @Mammoth: 300 years from now we would have left this old world and all it worries far behind. I don’t buy numismatic as a rule. But, I like clean money. If I have cash and I’m doing laundry, I throw it in there with the cloths! lol

  6. Another commercial for paper silver or miners. I will pass, none of the above will be worth anything when the dollar tanks.
    Prices on physical won’t rise until the cartel is out of the picture, that will take a major shortage of physical and the collapse of the euro or dollar as a trigger.

    • Actually, prices are rising slowly thanks to the growing costs of mining some physical gold and silver. I think you meant that gold and silver’s prices won’t rise dramatically until the cartel is out of the picture, that will take a major shortage of physical and the collapse of the euro or dollar as a trigger.

  7. The general public will eventually rush for physical silver when the annual inflation rates are too high or when hyperinflation arrives. Because silver is the cheapest precious metals so it will be easier for people to purchase it.

  8. I have not changed my views of Silver Futures hardly at all, but I am now in serious doubt of a “dollar crash”. All currencies appear to be in an orchestrated debasement worldwide. Don’t get me wrong, I think it could still happen, but I also see that it is likely part of a huge TPTB plan. You might ask (rightly so!) how they could possibly keep all the “balls in the air” but here is how I think it will happen: We have huge new oil finds coming online, and natural gas reserves that are soon to be exported to higher priced markets. IMO the Obama Administration is trying to get these tax increases NOW so as to get a slice right away before the new wealth can be utilized against the socializing forces in the federal government, which will cement their power for YEARS instead of a single election cycle. Much like FDR did.
    It is a tricky tightrope, but they might make it happen. A dollar crash is not a done deal, but with Bix Weir’s Good Guys theory, those forces could trigger a dollar collapse that would unseat the elite. Our efforts can help, but IMO, Silver will skyrocket in either event.
    I’m just keeping my eyes open for SELL signals, but it will be a while yet. A SELL scenario is more likely in the bank$ter$ script, but then a time of buying again is very likely too. But only for speculators, not long term stackers. Supply will be dwindling, but one might get some “weak hand” stacks, from those that cannot stand the heat.
    I’d rather move my retirements to Silver, but they are very well tied in to the markets. So I have to research my limited options, and these are just a few of the thoughts from that research.

    Good Stacking! I think the fuse is lit…  

    • @undeRGRound

      IMHO, your doubts about a ‘dollar crash’ arise from the common perception that these monetary problems and capacity to circumvent them are socio-political in their nature. Consider this, on the other hand … the monetary problems are beyond human control because their effects are mathematically independent of human action and rather intrinsic to the system itself.

      All currency is loaned into existence, only in principal amount, at interest. To raise the interest service funding currency, whether by earning ‘foreign’ or ‘domestic’ currency (a false differenciation), still leaves the complex compounding interest on the whole universal float … in excess of the principal! So, there is only one way to offset the interest accumulation, which is to borrow that into existence as well … in principal amount … at interest.

      Obviously then, currency at interest compels inflation and debt, each by the other in co-generation. There really isn’t any other way to structure a paper scheme or someone in the result is being robbed of capital by loss of its time value and refuses to participate, thus crashing it. I postulate that central banks were instituted to control current interest rates in response to macro-economic conditions, using it like an accellerator-brake on a car as was widely alluded to in the 1950s (actually, it’s far more like a fixed gear track bike with no brakes at all, for you cyclists out there), to ‘regulate’ the automatically generated inflation.

      So, here’s what I wanted you to consider in the first sentence above … the cumulative complex compounding of interest has exceeded the capacity to be ameliorated by current interest rate fixing by all the central banks in concert. Neither the politicians or the bankers have any real control of the outcome. NO ONE does. Thus, we see ZIRP, which is proving futile. Further, we’re seeing an initial handful and hearing of a growing trend toward NIRP,  None of this will be successful because the math sequence is exponential and ultimately self-destructive. From THIS perspective the ‘dollar crash’, indeed the wholesale global currency crash is a mathematical CERTAINTY.

    • Pat, you are correct. I should have been a little more exact in my splitting of hairs. I do believe the USD as we know it is finished.
      It will disappear, it has ran it’s course, as you stated above. Now for the “crash” part, I think they (PTB) have a plan to replace it with DIGITAL DOLLARS or something else that they can manipulate at the push of a button. In so doing, a “Crash Scenario” is less likely. Seems to me that TPTB are pretty much in control and can pull off the switch and keep the Good Guys on the outside looking in. That must be accounted for in one’s crystal ball gazings, as well as an all out “CRASH”. 

      I’m still trying to figure it all out, as well as what to do in any event. Enough to drive a man NuTs! 

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