Speaker 1: So our number one pick in the silver realm is
equivalent to having silver at two hundred and twenty dollars
right now. That is how much better this stock is
done than the silver price. The silver price double this
year and it's at sixty six. So think about that.
The second thing is, and I'd love to talk text
you know I hate it, but the capital gains on
silver is far higher than it is on the stock.
Speaker 2: You are listening to Carrie let'sa's financial Survival Network where
you get valuable information you just can't find anywhere else
to thrive in today's trying times. You need the Financial
Survival Network now more than ever. Go to Financial Survivalnetwork
dot com and get your free newsletter and gift. Financial
Survival Network now more than ever.
Speaker 3: And welcome you are listening to and watching the Financial
Survival Network.
Speaker 1: I'm your host, Carrie Let's.
Speaker 3: Our good friend David Morgan aka Silver Guru, is with
us now. And David, I notice a lot of empty
champagne bottles around your office there. Does that have anything
to do with the sixty five dollars silver sixty six?
Speaker 1: It doesn't hurt, Carrie, it doesn't hurt at all. But
I'm on record, and I think you know this, but
I said years ago, if Silver ever it's one hundred,
I will throw a party for It'll be RSVP. It'll
be for people that have been members of the Morgating
Report first and foremost. And then if we don't fill up,
you know, the event, then we'll go to Expired's and
then if that doesn't fill up the event, and it'll go
to my free list, and if that doesn't fill up
the event, it'll be open. I'm joking, but it will be.
I'm actually working on and ahead of time, you know,
I have to plan, yeah, and I was going to
do it here in town, and I thought, you know,
Spokane is just not the place. So I got a
event coordination that I've used in the past, and I
think Vegas because people like to go to Vegas. And
you know, if it's a one ideal, which is when
I'm planning, you know, come in maybe on Friday and
we have our party and then you got the rest
of the weekend to see a show or go out
to eat or whatever. So I love it. Planning is
in place, and there'll be a lot of champagne at
that event.
Speaker 3: Well, I am going to make an offer to all
of you out there listening that the top five of
you that got closest to the date that silver hits
one hundred, I will pay for your trips to Vegas
from wherever you are in the United States. I'm not
paying for you to come from China or wherever, but
if you're in the US, I'll pay for your flight
to Vegas, and I'll give you a couple of bucks
towards the hotel, and we're going to have We're going
to party like it's nineteen ninety nine. But David, like Sirius,
there's like I wrote an article yesterday that basically what
the banks are doing to try to the raids on
silver or the equivalent of what was happening at the
end of World War One, when the German artillery had
basically worn out and they were still firing shells and
they would go short and they basically kill their own troops.
And you know, basically though, they had to keep doing
it because that was the system in place. You know,
these raids that they do, and you could call me
a conspiracy theorist, I'm fine with that, but these raids,
each one gets less effective.
Speaker 1: Have you noticed that. Oh yeah, there's a guy on Twitter.
I think I retweeted it and I'll give the right
idea at camp croud them exactly. But it used to
take you know. I used to hit us and it
would take weeks to recover. Then they started hitting us,
and it would take a week to recover. Now they're
hitting us, it takes a day to more recently, it's
taken a day or two to recover. Now they hit us,
it takes an hour to recover. Guess he's winning. That's
about right.
Speaker 3: It's amazing to see it. I mean they're doing it now.
You know, they knocked a buck, roughly a buck and
a half off of it. But it's going to get
to the point where they actually do it and it's
going to raise the price. That's my point.
Speaker 1: Yeah, well it's very very strong, as you know, and
as you just said, the paper side is losing power,
and that's what you know. I've said it, Butler said it,
you know, Craig MP. I mean, it's so many of
us and it's taken long and I expected to carry,
but I said there'd be a day where a physical
market takes over the paper paradise. And we've seen it
on the retail side a few times, but it's lasted
a few days, you know. Even during a silver squeeze,
it lasted for a while, and that was mostly retail.
And then remember Rostam benham Or came out and so
we got to tamp down the silver market. Remember that one. Anyway,
we were in the thirties. But this time it's different
because first of all, the price, secondly the duration. It
just keeps on chugging along and they slam it and
it comes right back up. It's a whack the mole.
They hit it down. They're used to, Oh that's the
end of that for a while. No pop right back up.
So it's very interesting times and very satisfying to see
the physical market take dominion over the paper pushers.
Speaker 3: And and you know, like you can see when they're
doing it because they'll go hammer the stocks and then
you know, then they'll hammer the silver. But I've seen
it where they hammer the stocks and silver goes up anyway,
And then when you watch it in the after hours,
the access market in Asia and in Europe, it goes
up there. And then the tell to me was the
day after Thanksgiving, which is normally the day they slam it,
and you know that we had a to I think
a two dollars and thirty cent gain maybe three bucks
the day after Thanksgiving, and I'm waiting to see what
happens the day after Christmas.
Speaker 1: Yeah, Now it's really very interesting. You know, in the
access market, it used to always be their playground where
there's very few trades and they could really gain momentum
by slamming her down. And then what would happen. Of
course that carry over in the opens on the other markets,
and then there'd be you know, big down so then
the margin calls would go out, which would cause further
their downward pressure. But over the last I'd have to look,
but probably six months I'm guessing learned that range. Yeah,
the access markers had all the strength and they slam
it and then goes right back up, as I just said,
and they are not used to it. They mean primarily
the uh, well, the pay per paradigm, but that's primarily
the four and eight banks that Ed Steer talks about continuously,
that are bill on banks that get into advantage. Well,
people don't know that how the future's market works, not
only from the mechanics of it and what the contracts say,
but from the idea that when you're a hedger, you
get a thirty percent discount from the brokerage, from the CME.
Because if you're hedging wheat and you're a farmer, then
you know, since that's your product, mister farmer will give
you a discount because you've grown the week. And why
should you have to, you know, take all of your
capital to hedge a position where you're going to deliver. Well,
that's true of silver, except none of these silver producers hedge.
Very few. I shouldn't say none, None of my list hedge.
Speaker 3: They stop that they stop.
Speaker 1: It's the banks, the bullion banks, like they need a
discount when they could could you know, print infinite infinite currency.
It's it's ridiculous, but that's the rules, and that's what
they have totally.
Speaker 3: Yeah, Well, supposedly JP Morgan switched sides and they're on
the long side now and they've been building up their
silver inventory, and that in itself is enough to upend
the market, isn't it.
Speaker 1: It is? And that's something you know, going back and
do you know, I'll call it the good old days,
and I had I wouldn't say an argument, but I
had a discussion with Ted Butler very early on, and
you know, he was telling me, you know, all the stuff,
and you know, big credit to Ted Bubber, but I
was bringing forth the idea that well, we don't really
know the net net because they could be short, you
know in New York, but they could be long the
LBMA and that's really hey, we don't really know the
true position. No, he agreed with me, but not you know,
I was I was indict maybe they're not long, and
I don't know, but don't you know. Yeah, but that's
the idea, especially you look at you know. Eric Young
has become very popular in the silver world the last
several months, and I interviewed him once. I plan to
do it again. But he talks about this kind of
back and forth between the lbm A and the comacs.
I've done the same thing. I mean in my earlier interviews.
As you recall, you know each other for years. I
used to always refer to the ACXIS as the Anglo
American Empire. Yes, the London boys and the New York
boys working together to.
Speaker 3: Well, we can't say manipulate, to influence, we could say influence, exercise,
undue influence over the market. I think that's a fair assessment,
don't you. I do indeed, yeah, well you know, but yeah,
that's the thing. You don't really know their book and
Martin arnstrat that this a number of times, like that's
how they made their money because they'd be selling it
here and buying it in London and then you know,
making the spread there. Basically arbitrageing and risk free arbitrage
because they know exactly what's going to happen to the
market once they start selling those contracts. But those days
are gone, so it appears at least for the time being,
and once they lose control, it's very hard to take
control of a market again. And then not to mention, David,
you've mentioned this so many times over the years, that
the criticality of silver and the Trump administration acknowledging that
that silver is a critical a critical mineral.
Speaker 1: Exactly, and that's you know, ah, and not knowing as
far as how much silver will the federal government buy
for the strategic stockpile. I mean, the Silver Eagle program
was based upon the strategic stockpile that was sitting there,
and some senator decided to go, well, what are we
going to do with this stuff. Why don't we just,
you know, make the law and make a treasury mint
these things into one ounce coins, call them silver eagles,
and sell them to the public and deplete the stockpile.
What it's funny about that, Perry, is when that happened,
they ate up the one hundred and thirty nine million
ounces fairly quickly. But in the original law you had
to source domestic produced silver to continue the silver eagle program.
Speaker 4: Right.
Speaker 1: Well, once they ran out of metal, they figured out
the sourcing from the US of A was so pitifully
small they couldn't even get enough eagles produced. So they
had to change law to get source silver from anywhere
they could get it to continue in the silver eagle work.
Speaker 3: You know, I quote you like so many times, David,
like you're the one who first called it that. I
remember a Johnson slug and I wrote an article. I
wrote an article because you know, we're talking about sixty
years of silver suppression. Actually it's much longer than that,
but in the modern era, and sixty five was the
key because that's when the price of silver was exceeding
the value the face value of the coins, and the
government knew this and Johnson basically demonetized the coinage, and
there was a big stink about it. I didn't even
know I wrote the article.
Speaker 4: I got an email from a guy who said his
father was Frank Church, Senator Frank Church, and he totally
vehement opposed taking silver.
Speaker 3: Out of the coinage. And he was famous senator. He
challenged the intelligence community through the Church Committee. You know,
he was a straight shooter, and there were eleven senators.
So I said, you know, we just talk about this,
but I never really researched how it went down. I
was only eight years old. You got a couple of
years on me, but you weren't that old either. And
Levin it was a psyop. Basically LBJ said silver is
too valuable to use his small change. That was his rationale.
And what was interesting, you know, Kennedy was killed. So
they made the Kennedy half dollar in sixty four. It
was ninety percent silver, and instantly it disappeared from circulation
because people basically as a collector kind of remnant type
thing curio. And then they said, well, we can't make
a half dollar out of just copper clad Johnson's slug
because that'll cheapen the memory of Kennedy. So the least
amount of silver they could put in that coin, David,
was forty percent to still make it sound like a
silver coin when you dropped it, and make it look
like a silver coin. And that's why we got forty
percent half dollars from sixty five to seventy and then
even those got hoarded, snapped up and out of circulation.
So finally they just gave up in seventy one, I guess,
and only for special you know, mint sets. You know,
I've been buying mint proofs for their metal value, David.
It's amazing, like proofsets, ninety percent proof sets for metal value.
It's unbelievable.
Speaker 1: This market, it is crazy how I had that Well
you know this, but there's a couple of interesting outfits.
I'll put it in that context. And what they do
is they buy mint boxes from the Treasury every year
and do these huge advertising campaigns that you can buy
a proof MS seventy or twenty twenty six silver Eagle
for seventy bucks, well now sixty six, so for one
hundred and twenty bucks, and so people buy those and
then what they find out is when they go to
resell them, they basically sell for you know, face for
not face for silver's value. So you know, so if
at sixty six bucks they paid one hundred twenty a
year later they go so for the seventy bucks, tim
I get seventy two. Anyway, at the point I'm making
so I called the wholesalers. I said, how many slabbed
seventy you know proof? You know? Have you got? He
goes all, I got a big number. So well I
don't need that many, so send me, you know, two
boxes which are twenty and heaps. They're all slabbed. You
know what they look like, right?
Speaker 4: Yeah?
Speaker 1: Sure? And so and what did I paid for those?
Speaker 4: Darn?
Speaker 1: I paid pretty much the same as you'd pay for
any silver coin. Yeah, I mean there's an example right there.
I think you see all my height, But anyway, it's
a slab silver coin. Sure. And then I would give
them out for new subscribers at the gold shows like
where I met you, you know, run up for the
morganport here at the show and have a slab SEMENTI
proof now silvergal.
Speaker 3: Mm hmm, yeah, unbelievable that even the even the silver
in these proof sets. You know, it's always worth something,
but but that the melt value is greater than the
collectible value. Now, I mean I bought uh all the
quarter sets. I bought a few of them, Ok, you
know the fifty States quarters, and I bought them like
four weeks ago, and basically at melt value plus the
face value of the non silver coins, I got them
for less than that, so you can't go wrong. Is
a discount, and now they're worth God only knows, but
you know they weren't. Everybody could buy them. But so
if you're late to the show for silver, what's the
first thing you would do?
Speaker 1: David? If you were in that.
Speaker 3: Position, if you just figured out one day that silver
is really going to be money again and it's something
you should be buying, and you don't have a lot
of money, how do you get into it?
Speaker 1: Well, I just wrote an article and got posted on
the web somewhere, and I just said, really, if you're
going to start, start where I pretty much I've always
recommended carry, and that's with a bag or half bag
or a quarterbag of what's called junk I prefer to
call constitutional silver because it's selling that a discount. I
know some of your more retail type places are selling
it for for melt, but you didn't get it for
two or three dollars under spot or under melt if
you know where to go, and of course that's you know,
I'm not going to say the names on any public domain,
but if you find me on X, send me a
DM a direct message and say, hey, you're interested in
buying a constitutional below spot, and I'll connect you with
the people that I know that are close to wholesale.
And so that's a good place to start. Plus it's
case scenario Jesus was having a barter or probably very
small now, but that doesn't mean you still couldn't use
it in a transaction, give it out as tips. I
think there'll be more and more used for silver as
money as time wears on, even if it's unefficient. You know,
for example, the Mortgag report. You know, if you want
to pay me in silver, I'll give you a twenty
percent discount. Sure yeah, well yeah, so if you were
to pay me in THEOT paying five hut, but if
you're had to pay me in silver, I'll take four
hundred silver equivalent.
Speaker 3: I think for large items people will start I think
people will be buying houses for silver. In fact, I
was thinking of starting a new business, David cash for
silver instead instead of cash for gold. Right, sure, yeah,
a new South Park episode.
Speaker 1: There we go.
Speaker 3: So well, hey, it's nice to be right once in
a while. And so Morgan Report still going strong. How
do you subscribe to it?
Speaker 1: Yeah, just go to the Mortar Report dot com. So
I end up for free, that doesn't cost you anything.
And then if you're interrupt us to then the best
opportunities that we have, then certainly look at the subscription service.
And I's w I thought this out there. I don't
want to name any names. I'm too professional, but there's
been a lot of chatter from time to time about
you know, you just want golden selfer only you don't
want the stocks and on aggregate, that's true. I mean,
if you buy a mutual gold mutual fund, and you're
probably going to do as well or better or slightly
better than or slightly less than gold itself. But if
you buy the right stocks, there's no question how much
better you can do. Give you two examples. Number one
my favorite, and I weight the portfolio. So big money
goes into these things, not you know, expecuative. This is
serious investing. So our number one pick in the silver
realm is equivalent to having silver at two hundred and
twenty dollars right now. That is how much better this
stock is done than the silver price. The silver price
doubled this year and it's at sixty six, so think
about that. The second thing is, and I'd love to
talk tax, you know, I hate it, but the capital
gains on silver is far higher than it is on
the stock. So not only have you gone up so
sixty six, roundred seventy, it's three hundred percent, three times
greater in value or in dollars or in fiot so
two hundred and twenty, and your tax rate is a
lot less. So your net net is far superior owning
that silver company than it is owning silver. Now I
advocate both. I'm not selling my book because I mostly
work on the equity side, sometimes the futures and option
side ETFs. But that's number one. Number two is if
you bought Pan American when I bought it, you know
what my dividend is. Well, if you look at the
stock exchange is going to say like two percent. But
if you take my dividend and I'm getting one, I
bought it a two fied I'm getting over ten percent
on my silver invest every year. Why because it was
an investment. It's a buy and hold, you know, and
that stocks up well over ten times. But anyway, but
there's a point to be you know, I want to
be fair. If you buy a gold mutual fund, you're
probably gonna do just almost as well buy gold. But
if you buy the right stocks, you can beat the
crap out of the metal. Now again, you should have both,
and I've told everyone before you you know, subscribe the
mortga to report the paid version. You should own physical
gold and silver. But once that is accomplished, if you
want to leverage a position with the least risk, there's
risk in all stocks, we know that, but the least
risk cash cash rich, unhedged mining companies, and most of
those are royalty companies that we specialize in. And I'm
just shooting straight, you know. So you bought early, you're
getting big dividends. Taxes are much less than on the
metal itself, and so there are advantages to having both.
Speaker 3: Absolutely for sure. I couldn't agree with you more. And
that's how I'm aligned as well. And you know, I
don't think the Western civilization is disappearing yet, but it's
certainly taken a hit or two. So it's the Morgan
Report dot com. You've got any questions for David myself,
shoot me an email kl Atcarrie LUTs dot com. You
can find me Financial Survival Network dot Comcarrie LUTs dot com. David,
great to talk to you. I'm looking forward to the
party and we will talk to you again soon.
Speaker 1: Looking forward to seeing in person.
Speaker 2: Thank you, Carey, thanks for listening to Carrie Lutz's Financial
Survival Network your solution to today's trying times. For the latest,
go to Financial Survivalnetwork dot com. Financial Survival Network now
more than ever,