David Morgan : Silver is the worlds money of the last resort

Silver guru David Morgan of the Morgan Report on the Financial Sense Newshour 08/12/2011. David compares the more volatile silver market to the apparently more stable gold market , Silver is the world's money of the last resort , should a severe economic collapse occur leaving paper assets worthless , silver will be the primary currency for purchasing goods and services , Gold will be a store of major wealth but it will be priced too high for day to day use , every investor should own some physical silver and store a portion of it where it is accessible in an emergency .....


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Bob Chapman outlook for Gold Silver and the Stock Market

Bob Chapman : By the end of February we will see Gold somewhere around $3000/oz to #3200/oz and silver probably $80/oz to a $100/oz and may be higher Silver has a problem it is a thin market and it is manipulated by JP Morgan Chase and HSBC and they continue to do it and the CFTC allows this monopoly to do what's doing which means you have no regulations whatsoever ..., Gold probably within the next month will go to $2000/oz - $2200/oz and by February it should go up to $3000/oz - $3200/oz why ? well number one it should be selling at $8000/oz number two , it is now the Prima Face currency in the world it beat the dollar in the last two and half years

Bob Chapman outlook for Gold Silver and the Stock Market

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : at $2000/oz by the end of this month

Bob Chapman - The Sovereign Economist - 11 Aug 2011

Bob Chapman : The Banks are stepping all over silver , JPM upgraded its forecast for gold to $2500 /oz before the end of the year , I have been in this business for 52 and half year , , when Morgan does that it means that they want to stop the movement upward for gold towards $2500 that's what it means because they know it is going higher , they are the biggest shorts in silver , HSBC is second and then comes Goldman Sachs Citi group etc....they are trapped , their positions are higher now than they were in April , but they know the market is going to go higher and they are going to do anything to hold down the price of silver and they are not going to be successful , we are going to shot $2000/oz may be even $2200/oz by the end of the month and if that happens we are probably looking at $3000/oz by the end of February , the good months for gold run usually through the end of February