Dissecting Silver LIES -- David Morgan
Economy | Information | History | Online | Facts | World | Global | Money
Physical silver demand was UP big in 2013. Ironically, physical silver production in Canada has dropped significantly in 2014. Meanwhile, long time precious metals uber villain Jeffrey Christian is out with the 2014 CPM Group Silver Yearbook [priced at $150!!] which once again distorts the FACTS in service of the longtime Bankster narrative that silver in PHYSICAL form is abundant, easy to mine and of little real value. Join us as we dissect the SILVER LIES. David's site: http://www.silver-investor.com/ For REAL News & Information: http://sgtreport.com/ http://thelibertymill.com/ Music: "The Complex" by Kevin MacLeod (incompetech.com) Licensed under Creative Commons "Attribution 3.0" http://creativecommons.org/licenses/b... http://creativecommons.org/licenses/b... The content in my videos and on the SGTbull07 channel are provided for informational purposes only. Use the information found in my videos as a starting point for conducting your own research and conduct your own due diligence (DD) BEFORE making any significant investing decisions. SGTbull07 assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.
Comments
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Morgan said buy silver at 40 then 30 then 20.. What a troll.. Silver will come down to 10 dollars and sit there for years...
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blaming boogie men for the collapse of silver is a childish response to your massive errors in predicting the price movements. silver was in a bubble in 2011 by all statistical measures and you children are hunting boogie men. grow up and admit you fucked up.
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david morgan u been wrong for the past 3 years on silver. man up and admit it. u cost lots of people thousands of dollars in lost capital. u have no friends with silver below 20.
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there is a glut of silver.
masses of hoarders .the fact is you can find and buy silver most places.
in a collapse food will be the currency.look to history. -
Silver and even gold is ONLY for ultra long-term protection of WEALTH; NOT investing and certainly not speculation. MY average buy price is under $4/ounce as I've been at this a LONG time. I am currently writing a "White Paper" that SHOULD cause much "concern" among many. Basically, BUYING by the "public" was DOWN in 2013 and "the public" even SOLD ("capitulation I give up" sellers usually mark long-term bottoms - if so, we are finally at the bottom!). BUT the U.S. Mint reports RECORD ASE sales in 2013. To who? I speak with many to most silver dealers and certainly almost ALL major dealers (they "like me" as I am a well known regular buyer of those "Monster green boxes") they ALL have confided in me saying "2013 was flat to down for us in ASE coins and all silver products". THEY are THE source for 95%+ of the public's buying of silver. If ASE (and all silver) sales were flat to down in 2013 BUT the mint reports RECORD sales to "investors" and they sell VERY little direct to investors then WHERE are the ASE coins going that the mint reports as "RECORD SALES?" I fear Bix Weir just might be right that the "overage" is going to the US government -see his article for subscribers only that (I'm told) outlines the (no other words for it) "EVIL scheme to use silver to DESTROY the dollar".
IMHO, this is a BEYOND major story it seems most everyone is missing. Many are seeing parts of it but no one has put it all together. With the aid of the 2013 sales figures of the US Mint AND the silver usage/buyer/seller/etc. data from the Silver Institute I am currently assembling all of the data then will publish it. THEN I'll let everyone tell me what I am overlooking. I don't see I am overlooking ANYTHING other than a massive silver train wreck (bridge out) is straight ahead and (I think) no one has put the pieces together - until now. That's what I will be doing but written in more detail than here.
The basics are easy to explain and to understand. 1. The US Mint reports an increase of 26.4% mintage of ASEs 2013 versus 2012. The Silver Institute also shows an increase in "investor demand" of ASEs. BUT chat with any large retail silver dealer (if you buy "enough" to have a relationship with one where you won't just get a "our sales are booming! Better order now before we run out yet again!" sales pitch) ask most ANY dealer "how were your 2013 ASE sales?". I have that "tight" and long-term friendship relationship with most silver dealers who (a guess) added up represent more than half of all ASE sales to investors. In fact, WAY over half. I've chatted with everyone I can think of plus many "cold call" me on a regular basis and "we talk".
EVERY SINGLE ONE tells me "our 2013 sales were OK but essentially flat to down". Many add "for the first time EVER we began to see more than the rare seller". As an aside, to me that is a GOOD SIGN for investment silver as silver (and most anything in such a category) cannot begin a serious march upward until the "capitulation and exhaustion" sellers FINALLY "throw in the towel" and SELL. Those who SAID "I am a strong hands long-term investor" - after the weak hands exit THEN my silver will gain in value and all will be as it should be!". They would have loudly disagreed with you five years ago if you had said "YOU are the weak hands who will be folding" - if you consider silver to even be a long-term investment then you are already in trouble!
Silver (even more than gold since the total supply of gold in the world can't even be guessed at and it is beginning to appear hundreds of times more gold exists on and in our planet than once thought - the deeper "they" dig the MORE gold they find - the oceans of the world contains a beyond huge amount of gold although there is no current technology that enables "harvesting" of this gold so thinly spread out it is estimated to be just grams per cubic mile of ocean water) is an ultra-long-term store of wealth! Even inter-generational storage of wealth. You buy it and it is a store of wealth the same as, say, farm land or a coal mine. Consider silver to be equivalent to "farmland that has been in our family for generations" and you'll be fine!
Anything short of that and you'll have moments, decades or (fill in the blank) periods of much frustration as you attempt to ride silver as an investment - even a VERY long-term investment. If you put silver in the category of "stocks and bonds" then you are a "speculator" and setting yourself up for frustration!
Back to the mystery of the missing silver. The mint is reported "record ASE sales in 2013 versus 2012". The Silver Institute chimed in with numbers that essentially agree. YET, dealers of whom MOST of the ASE coins would have flowed through to investors essentially all say their 2013 sales versus 2012 were not "barn burners". Some smaller dealers even closed. Gone was the short-lived business ideas of "sub-dealer franchisees", "home silver parties" (the typical get your neighbors together and have them all buy silver from the 'MLM party person' who cuts you in for a small share of his/her profits and maybe even solicits you to be in his/her MLM 'group' where you then sign up others and they sign up others - think Mary Kay Cosmetics and you have it - well, a neat idea but silver demand dropped before more than a few of these held their second or even first 'silver house party'. Everything except silver sales by the largest most established silver dealers just dropped! As I say, even the VERY well established old-line solid as a brick silver dealers all told ME "2013 was flat to down for us in ASE sales plus we actually had more than few sellers which is something we NEVER expected to see!".
As an aside, of the dealers I asked, they said the sellers were, for the most part, "anxious" with a "I just want out at whatever price - I want out NOW!". Because of this, sales back to dealers were often made at prices WAY below spot. Reputable dealers did not take advantage of "anxious urgent sellers" but dealers who decided to take "advantage" of such sellers I've heard of prices so far BELOW spot to be shocking (to me). IMO the sellers could have done better on eBay even with the AWFUL margins you realize selling silver on eBay.
So WHERE did all the silver go in 2013 if the mint yells "record sales!" BUT the retail dealers had an, at best, "a flat year"? THIS has been a mystery I have pursued for months! I feared the worse and Mr. Bix Weir may have just confirmed my worst fear in an article he wrote in his 5/16 newsletter titled:
"Is the US Government Secretly Buying Silver Eagles to Destroy the Dollar?"
I'm not a subscriber (Bix does write a good newsletter - I just have far more than I have time to read already and his interesting Roota theory I know pretty much know inside and out) but a subscriber was kind enough to provide me a VERY brief summation of what Bix wrote. To read it - you will have to subscribe!
Bix (I think) is confirming my long-held suspicion that a SIGNIFICANT percentage of the American Silver Eagles leaving the US Mint are NOT going to silver dealers! They are going into "other hands" we can only hope are "good hands". Hands whose long-term plan is to END the world's longest running and largest ILLEGAL Ponzi Scheme EVER which we can just call the "world economy".
Wow! Is a "reboot" of EVERYTHING financial even possible without a full-fledged WW3 (probably followed by WW#4, #5 and #6 until every base of power is so depleted and exhausted that either nothing remains worth fighting over OR one power reigns supreme and becomes THE new "all-powerful" essentially imperial power of the entire world?
Which will it be? Other than knowing if one power does FINALLY reign supreme it will NOT be what remains of the dissolving at an amazing speed the once singular World Power, The United States of America (U.S.A.). Beginning with Vietnam and TODAY with a never ending drain of wars beginning primarily after "9/11" yet has its rapidly shrinking military present in a total of (at last count) 131 separate countries and recently publicly announced the largest ADDITIONAL reduction in the U.S. military in many decades (percentage-wise, perhaps EVER?) reducing the size of the U.S. military to a PRE-WW2 level -- a 1940! size. At a time when the world, by all accounts, presents the most potential dangers EVER to the U.S.A. At a time when potential adversaries such as China and Russia are INCREASING their military by an almost astonishing rate! IMO - China and Russia are increasing the military of each of their countries as fast as is humanly possible!
So exactly why are we essentially waving the white flag by exhausting the military we currently possess then announcing HUGE reductions in the size of our military of the future? Got me! Are we ceding the world to others ON PURPOSE? Not to belittle the fine country of Belgium but given another decade remaining on the course we will become a "large Belgium! Making the many changes we have publicly announced (IMO it is simply taking money from our military and moving it to even more yet to be announced social programs popular with enough voters to insure a one-party U.S. government for a long, long time. Note to those who believe this will work with the U.S.A. remaining an independent government free of foreign control or even transfer of ownership of what will then be forever called "what was once the U.S.A." a reading of especially the "Fall" part of The Rise and Fall of the Roman Empire" is strongly advised and will foretell our NOT good BUT real future as a people - no longer an independent country. It will be "U.S.A. - R.I.P." most likely. Why?
An essentially free for the taking "plum" like what is now North America with its trillions and trillions of dollars of untapped natural resources WOULD BE TOO MUCH FOR ANY powerful adversary to ignore. Did you now if most of our "West" was not COMPLETELY off limits to drilling, mining, etc. that North America contains MORE natural resources (mostly energy resources) than the rest of the world COMBINED! Just a few states currently have more oil and gas than all of the Middle East SEVERAL TIMES OVER! Yet, we still send our young men and women to fight and die in wars far away to TAKE the resources of other countries - resources we have in far greater abundance right here within our borders. BUT, I guess, that is best held for some other discussion.
Bix Weir and this excellent interview with David Morgan touches on the beyond startling announcement of the coming END of the daily "price fixing" of silver (and that will quickly lead to the end of ALL controls of most EVERYTHING!). How will silver derivatives even exist? This is the end of so much more than anyone today imagines!
But is it so unexpected? IMO, I think not. "They" a.k.a. "TPTB" have run the Ponzi scheme of the world's financial "system" far beyond anything anyone could have possibly predicted a few decades ago. IMO the size and breadth of the almost "Armageddon is on way" financial state of world affairs has been made possible by technology not available decades ago and the (to me) beyond amazing "thought processes" (I can think of no better term) of literally thousands of individuals each possessing brilliant financial minds. Certainly FAR beyond anything I could ever think up much less understand even when explained to me today!
You probably know HFT (High Frequency Trading) now constitutes over 70% of all trades on Wall Street AND ELSEWHERE (HFT HAS SPREAD WORLDWIDE!). IMO HFT a MAJOR "net negative" to the "world economy" as it has helped 1.drive "Main Street" from Wall Street with what money individuals now have invested in "stocks and bonds" mostly being invested FOR THEM by others putting their money into everything from mutual funds to ETFs to retirement plans such as 401ks and IRAs. As an aside, this (usually, long-term set-aside money for retirement appears to represent a plum to government that is becoming more difficult to resist as each year passes, our country's deficit continues to grow and new sources of tax revenue become fewer in number as each one is defined then tapped. How soon before the private retirement savings of working (and retired) Americans and/or a "wealth tax" or a national sales tax or a V.A.T. (Value Added Tax) and so many others I can think of go beyond the "how about this?" stage and becomes yet another law further decreasing the "private sector' and further increasing the "public sector". I think few people realize that with the move to (kind of) "socialized medicine (Obamacare) with HEALTHCARE representing 1/7th of the U.S.economy this technically moves the U.S. to having a larger public sector (counting EVERYTHING) than a private sector which is the usual definition of a socialist country. When Obamacare is fully implemented are the citizens of the United States prepared to see their country be officially listed among the socialist countries of the world. If nothing else, it will be quite a shock to many who will NOT believe it possible! 2. HFT has been expanded to world-class algorithms written by the smartest mathematicians and programmers on the planet. Many of the algorithms are almost "alive"! They continuously lean a bit more with every trade. They are now able to anticipate the moves of "John Q. Public" investor to where they squeeze every one hundredth of a penny from JQP and into their HFT program owners (HUGE Wall Street firms). No wonder actual stock ownership by the "man on the street" has fallen like a rock after climbing for decades! Poor old JQP gets taken to the cleaners enough times and he says "good-bye Wall Street! You bunch of crooks!". Can you blame him? IMO a ban on HFT trading plus reinstatement of Glass-Stegall would restore stability and confidence in the market like nothing else could ever do. With Wall Street and Washington D.C. one and the same with (IMO) JP Morgan being the #1 conduit for "whatever D.C. wants, D.C. gets". That only Bernie Madoff who literally had to beg to be arrested being the only high ranking TBTJ (To Big To Jail) individual on Wall Street to be behind bars Wall Street is literally immune from the laws you and I must obey (or WE go to jail!). That is plain wrong!
IMO the end of the "daily fix" and what Bix Weir wrote about in another article of "100B silver contracts vanish" or something like that, it is, to me, a point decades ( a full century i.e. 1913 Federal Reserve and the IRS?) in the making. There was no way to avoid this day of reckoning! IMO it is a wholesale "man the life boat, run for your lives, save yourselves!, women and children first' moment.
It will be FAR more unpredictable and chaotic than anyone is talking about now much less predicting. For years now more paper silver contracts are traded JUST WITH HFT! in a few hours every day than all physical silver in existence! And that does not include the typical practice of counting the same ounce of silver as different ounces owned by different people, entities, banks, Wall Street firms, derivatives and so on! IMO, the amount of actual physical silver that exists on this planet is FAR less than "they" say exists! The HUGE amount of sales of "paper silver" is so patently illegal to be ludicrous. Anyone who thinks owning a piece of paper saying "this represents X amount of silver" is a fool. He owns a worthless piece of paper only worth what the next fool will buy it from him for. Commonly called "The Greater Fool Theory".
Fortunes are made and lost when "prices fluctuate" either up or down. We are about to enter a period of IMO almost total chaos in the markets. Fortunes will be made and lost. Remaining calm and reasoned acting on the emotions of others is ALWAYS the best way to profit in such turbulent times. That is about the only advice I have that seems to almost always work for me. THAT makes ME money! I will be doing WELL - will you? I hope so!
Good luck! We are ALL going to need it. BUT the first thing to somehow determine is who is partaking of the huge amount of silver leaving the U.S. mint "in record amounts" but NOT passing through the small army of precious metal dealers? WHO is off loading this silver and what is their intention for doing what they apparently have been doing for years but are currently doing at a much hastened pace? Any thoughts would be appreciated! -
It's gonna get ugly when those 50 million EBT cards stop working ...
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*BEWARE of AMPEX*
Login to your account and you'll notice they are now tracking your purchases like a portfolio... there are graphs of what your holdings are and everything you have ever bought from them.
They'll tell you all your information is private... BULLSHIT!
Do NOT do business with APMEX anymore unless they remove/delete this information.
Everyone needs to make a stink about this... email them and complain about it! -
good video guys
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Mel Watt, the new head of the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, said on Tuesday that he had told the government mortgage giants to make more credit available to home-buyers.
The end is near!! -
IT IS UNDENIABLE THAT SILVER IS STUBBORNLY GOING DOWN. $5 IS ITS DESTINATION. STOCKS AND REAL ESTATE ARE THE PLACES TO BE TO GET AHEAD. STAY IN METALS AND GET WIPED OUT.
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where is best to store metals?.Singapore at Slver Bullion or Hong Kong? what about TDS? Simon Black thinks Silver Bullion.
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excellent interview. I guess it is just a matter of time - when BRICS (especially Russia/China) fully reject dollar trade settlement the confidence in the dollar globally will finally collapse and we will get our long awaited reset.
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I just watched one of the best documentaries ever, Four Horsemen, and David Morgan was in it. He was wonderful.
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i stopped buying silver, since 2012. i dont know when it ever will be go back $50, i know lots of people lost money in short term so have i. I still have all of my silver but i would save in cash than in silver now days.....its ok to say 10 years or 5 years from now silver will be worth say 100x what is now, thats fine. But that works for rich people. If your middle class and trying to save and you bought silver lets say for $25 an oz a year later you get in trouble where you really need to cash in some of your silver you have lost money!!! we are @ $19 an oz and i would not be shocked if it goes down to $10 oz before it ever climbs up again. I had been buying since 2009 and seen it all excuses manipulation ect, thats all fine but if you really are like most people you can not afford to keep buying more silver when the price keeps going down, cause if you need to tap into it you lost profit! very disappointing! i have no doubts one day silver may go up a lot but for avrg folks we can not wait 10 years before we need to use our silver due to economic hardship
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Great interview with David Morgan!
Thank you, Sean - for reminding people the fact(s) that few have the courage to mention... -
Every human being will one day stand before God in judgment. For those who are saved, Jesus Christ will be our attorney, Who has worked out a plea-agreement with the Prosecutor (God the Father) by means of HIS BLOOD SACRIFICE. We have been fully pardoned through Christ. For those who are unsaved, they will be summonsed to stand trial without a lawyer, and be judged according to their works, and will be sentenced to the Lake of Fire forever.
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Sean, you read to much Dave Hodges. Thank you for the great interview Gentlemen.
If they would have the same goal, why to make it so complicated?! -
trying to predict the comex or lbma silver price in a manipulated market is foolish.
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still stacking !
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Gotta love this NEW headline: Top Official Coin Sales: Market Overwhelmingly Chooses Silver
http://sgtreport.com/2014/05/top-official-coin-sales-market-overwhelmingly-chooses-silver-2/
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