from Radio.GoldSeek.com:
In his latest installment, the Silver Investor follows
the Austrian Economic Model, showing how an increase in money supply is
the only cause of inflation. He answers the question: given the Feds
profligacy, where is the runaway inflation? The reason why
hyperinflation is not yet apparent to the masses is that most of the
dollars are tied up in bank balance sheets and floating around the
globe. Once they are liberated and repatriated the velocity of money
could explode, resulting in sudden hyperinflation on an immense scale.
In addition, amid the wake of the 2008 credit crisis, officials say that
the economy has recovered. However, David Morgan thinks that our
financial institutions failed to learn any lessons, continuing to apply
excessive leverage via derivatives. Put paper silver securities in
abeyance, which are merely promises that will evaporate and disappoint
when the end game unfolds – instead consider bullion and shares, which
have no liens and retain their value in difficult environments. It’s
just a matter of time before the currency collapse comes to pass and
demand for gold and silver reaches infinity. At that point, Bob’s your
uncle for precious metals investors. David outlines his intrinsic value
calculation for silver – approximately $100 per ounce.
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