Dave Morgan Interview on Gold and Silver Investing – Part 1
Mike Maloney interviews Dave Morgan discussing gold and silver investments and the US economy.
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say if I bought 100 oz of Silver today for $1500, and five years later the value doubles. Then what? Probably people wont have money to buy them anyway?
Say if I didn’t buy 100 oz of silver for $1500 and 5 years from now the value of the dollar has been destroyed and people refuse to take them for payment of goods and services. Then what?
Just ask anybody who has lived through a currency crisis such as the Weimar Republic (Germany) , Argentina, Zimbabwe, etc.
Silver wasalways valued as money for goods and services. It was accepted worldwide as a method of payment in the market place for thousand of years. ..” people will not to buy them anyway?” …You r right!! People will not want to buy them?? ..but will accept your silver for : food ,gas ,clothes, water……
Have a look at this stock…SVM. Pretty interesting.
Yes. But the point is that it’s a store of value.
Both of these guys are Aliens from another planet.
Say if the price of silver becomes $100 and oz, but due to inflation it costs $100 to buy a bottle of beer?
An ounce of silver right now would buy a 12 pack of beer so if hyper-inflation pushed the price of a bottle of beer to $100 then silver would probably be $1200 an ounce or more.
In your scenario… hold the 15 bucks for 5 years and it might buy a stick of gum but the ounce of silver will still buy a 12 pack of beer and pack of gum and you will get some change back.
That’s a relief! I’ve got 250oz!