David Morgan demonstrates the real world tightness of the silver market. If there is anyone who thinks they can simply jump on the train before it leaves the station, they might want to reconsider…

David Morgan on Reluctant Preppers

David Morgan breaks down the math for silver. Most people have heard the saying “all the gold that’s ever been mined is still available”. However, many people will be shocked when they learn just how little of all the silver ever mined is available.

Other topics include the economy in general, and the banks and cryptocurrency specifically.

 

    • I “MIGHT” consider selling some ” for some toys” at $500.00 an oz. And it will be here sooner than we think, once the dominos start to fall!

       

    • Let’s put a different spin on Mr Morgan. He doesn’t want YOU to sell your silver at 50$ because he’ll be unloading the boat. Then when you catch on and start selling, he’ll be buying yours back at 25$.

      Unless there is a genuine global financial hurricane silver won’t go above 50$. The miners will be making a fortune at 40-50$ silver and will lock in their future production at that kind of price.

       

  1. Bull shit  Morgan’s talking out his ass  He’d sell his grandmother at $50 if the trade made sense.   I’d sell silver at $50 if it appeared to be topping   That’s close to 200% higher than my new DCA

    I might buy a boat load of gold to light the load as well

    If there was a 15-20% swing in price I’d sell at $50 and buy back at $40  taking cues from the market and riding AG on the next upswing

    If Effing silver got to $50

    The chances of that happening any time soon is about the same as me learning to suck buttermilk up my ass and sing opera at the same time.

    • lol@AGXIIK

       

      “The chances of that happening any time soon is about the same as me learning to suck buttermilk up my ass and sing opera at the same time.”

      I’d pay GOOD MONEY (in silver) to see that performance!  Can you work on performing ‘Dido and Aeneas’?

      😀

       

    • @Agxiik

      Sucking buttermilk up my ass….

      Now there speaks a true epicurean!

      Personally I think the inflection point for a radical change in price direction is close at hand.A confluence of various geopolitical as well as global economic trends suggest that .

      Munchkin’s recent declaration  is highly suspicious.I would luv to know whats happening below the surface at this point in time. Stating that our Gold is Safe smacks of bankster   desperation! .Something huggggggggggggg A  is coming down the pipe!  The carefully crafted matrix  is fracturing!

      When the shite unfolds $50 silver will come and go in the blink of an eye!

       

       

       

  2. The  spot price will have to be 55 dollars for the averare joe to see a 50 dollar return.When pensions are reduced and your about to loose your crap shack you will sell at any price .If gold and silver is your only liquid form of retirement savings and your over 75 years old you will also sell at any price. If a robot takes your job you could have to sell at any price also and the list goes on

  3. “Investors Won’t Sell Their Silver Even at $50”

     

    Well, Dave, I have news for you.  There will always be some who are hogtied by financial inertia who won’t sell an asset they own regardless of the offered price.  Then, there are others who would sell if the price were high enough.  Many of the moaners who log in here and complain about their decision and action to enter the PM markets would be VERY happy to sell their PMs at a break-even price, whatever that might be.  Then, of course, there are those of us who would use a dollar cost selling plan that would gradually sell off some portion of our stack, ringing the register in order to pay off their mortgage, buy a 2nd home, or purchase some other substantial asset.

    Such a selling plan might include 2/3 of their current stack.  Monthly, they could sell off 10-15% of the portion of the stack that will be sold.  In about 8 months, all that they plan to sell would be sold off and the money pocketed.  This would leave them with bulging pockets filled with cash AND 1/3 of their previous stack.  If the silver market tumbles after that, they can always buy it back and then have both their stack AND a good amount of cash for other uses.  If it does not, then they still have a lot of cash to use as they see fit… as well as 1/3 of their stack remaining in case silver prices rise even further.  Now, is that a plan or what?  😀

  4. Why sell  any silver for fiat unless you have to, fiat is on the way to the scrap heap. Hold pms like a bank or a store of value that can be sold or brought rapidly in any proportion, it is the very ultimate safe guard against currency collapse.

    Realize every time we use any sort  of  paper money or even crypto money that there is a risk involved with these forms of money as the possibility exists that they can be worth nothing at all and another failed human invention.

    Gold and silver are not invented but are a real thing.

    For any who would sell  all their silver for heaps of fiat, well I wish them luck………………….

    Until the end and beyond.

     

    • >>>Why sell  any silver for fiat unless you have to, fiat is on the way to the scrap heap….  there is a risk involved with these forms of money as the possibility exists that they can be worth nothing at all

      Neh…it could be 20 years before the dollar collapses and you will be dead. Moreover, the idea that the dollar will eventually be worth “NOTHING” at all,  is ludicrous. The idea that all of a sudden everybody’s bank account just disappears and cash is worthless, and we all just sit around and wait to starve to death, is a fairy tale.

  5. Many people will sell for break even around $25-30. Then at $50 which seems to be a major resistance point for silver, so many sellers there. The third wave of selling around $100 which most stackers will now be out of the market. Since no cure for an ill market exists price will shoot up much further.

  6. David Morgan is a mouth breather! Very hard to sit through his sucking wind sounds and lip smacking annoyances.

    well that being said….

    The sky is falling the SKY is falling!!

    Big crash, cannot continue past 2010, or 2011 or 2012 for sure not past 2013 or now 2014, no way past 2015. this is it, 2016 is the end!

    No, 2017 is it. Well anyway, Davids source now say its gonna crash in 2018!!

    Same Bat time same Bat Chanel…..

     

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