Mr. Morgan continues to stand by his prediction of $60 silver before the end of the year and a proverbial leg up in a bull market for silver as well as gold. Is it all speculative or is industrial demand factored in? Nevertheless, he alludes to a market like none we’ve never seen for precious metals as fund managers plow resources of their middle class constituents into the bullion in numbers not seen previously….and…. Is IS is? We still don’t know. We may never know. Finally Mr. Morgan whips out Old Glory, quotes Patrick Henry and stumps nearly tearfully for freedom. He’s clearly got “nothing left to lose” to quote Janis Joplin, or at least the US doesn’t. ” Give me liberty” and while you’re at it, “Give me all the gold and silver bullion and all the gold and silver stocks that I can afford.
David Morgan takes a look at the price of gold
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David Morgan, Morgan Report “Beyond Silver: The Advantages of Thorium” Video Interview Vancouver Resource Invest Conf 2012
David Morgan is a precious metals aficionado with degrees in finance and economics as well as engineering, and created the Silver-Investor.com website. He founded The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals. SNNLive met up with David Morgan at the Vancouver Resource Investment Conference 2012.
Although Mr. Morgan is known for his love of silver, in this Wall Street View, he discusses a different resource: Thorium. He begins by giving his 2012 outlook on Silver, where he states, “I’m looking for silver to take out the nominal high, which is around $48, which was established around May 1st, 2011. And, once that base moves up into that level, I think we can see $60 by the end of this year. I’m pretty bullish. I think you get a double out of silver, but I think it will take at least a year to do that.”
In the January issue of The Morgan Report, David wrote an article about the Rare Earth Element, Thorium. He claims that Thorium is, “a huge energy solution, it doesn’t cost that much money, and you can build a plant in a cookie cutter fashion so you can actually make the manufacturing of a nuclear power plant using thorium, and take a cut out and do it again and again…and gets things started a lot faster.”
Mr. Morgan advises that what you want to look at for Thorium is the Energy Flux Density, or the rate of return on investment energy-wise, “where you want to get as efficient as possible, and the only way to get over the hump, as far as I’m concerned, is to get a lot more electricity cleanly and efficiently, thorium is part of the answer for that.” He concludes by saying, “Thorium will actually be able to eat up bad nuclear waste that already exists.” For more information about or to subscribe to The Morgan Report and Silver-Investor.com, check out his website., and you can follow David Morgan on Twitter @SilverGuru22. Enjoy this SNNLive Wall Street View with David Morgan.
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