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Speaker 1: So our number one pick in the silver realm is

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equivalent to having silver at two hundred and twenty dollars

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right now. That is how much better this stock is

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done than the silver price. The silver price double this

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year and it's at sixty six. So think about that.

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The second thing is, and I'd love to talk text

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you know I hate it, but the capital gains on

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silver is far higher than it is on the stock.

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Speaker 2: You are listening to Carrie let'sa's financial Survival Network where

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you get valuable information you just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network.

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Speaker 1: I'm your host, Carrie Let's.

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Speaker 3: Our good friend David Morgan aka Silver Guru, is with

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us now. And David, I notice a lot of empty

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champagne bottles around your office there. Does that have anything

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to do with the sixty five dollars silver sixty six?

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Speaker 1: It doesn't hurt, Carrie, it doesn't hurt at all. But

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I'm on record, and I think you know this, but

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I said years ago, if Silver ever it's one hundred,

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I will throw a party for It'll be RSVP. It'll

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be for people that have been members of the Morgating

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Report first and foremost. And then if we don't fill up,

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you know, the event, then we'll go to Expired's and

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then if that doesn't fill up the event, and it'll go

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to my free list, and if that doesn't fill up

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the event, it'll be open. I'm joking, but it will be.

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I'm actually working on and ahead of time, you know,

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I have to plan, yeah, and I was going to

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do it here in town, and I thought, you know,

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Spokane is just not the place. So I got a

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event coordination that I've used in the past, and I

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think Vegas because people like to go to Vegas. And

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you know, if it's a one ideal, which is when

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I'm planning, you know, come in maybe on Friday and

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we have our party and then you got the rest

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of the weekend to see a show or go out

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to eat or whatever. So I love it. Planning is

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in place, and there'll be a lot of champagne at

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that event.

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Speaker 3: Well, I am going to make an offer to all

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of you out there listening that the top five of

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you that got closest to the date that silver hits

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one hundred, I will pay for your trips to Vegas

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from wherever you are in the United States. I'm not

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paying for you to come from China or wherever, but

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if you're in the US, I'll pay for your flight

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to Vegas, and I'll give you a couple of bucks

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towards the hotel, and we're going to have We're going

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to party like it's nineteen ninety nine. But David, like Sirius,

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there's like I wrote an article yesterday that basically what

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the banks are doing to try to the raids on

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silver or the equivalent of what was happening at the

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end of World War One, when the German artillery had

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basically worn out and they were still firing shells and

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they would go short and they basically kill their own troops.

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And you know, basically though, they had to keep doing

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it because that was the system in place. You know,

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these raids that they do, and you could call me

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a conspiracy theorist, I'm fine with that, but these raids,

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each one gets less effective.

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Speaker 1: Have you noticed that. Oh yeah, there's a guy on Twitter.

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I think I retweeted it and I'll give the right

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idea at camp croud them exactly. But it used to

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take you know. I used to hit us and it

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would take weeks to recover. Then they started hitting us,

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and it would take a week to recover. Now they're

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hitting us, it takes a day to more recently, it's

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taken a day or two to recover. Now they hit us,

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it takes an hour to recover. Guess he's winning. That's

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about right.

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Speaker 3: It's amazing to see it. I mean they're doing it now.

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You know, they knocked a buck, roughly a buck and

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a half off of it. But it's going to get

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to the point where they actually do it and it's

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going to raise the price. That's my point.

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Speaker 1: Yeah, well it's very very strong, as you know, and

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as you just said, the paper side is losing power,

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and that's what you know. I've said it, Butler said it,

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you know, Craig MP. I mean, it's so many of

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us and it's taken long and I expected to carry,

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but I said there'd be a day where a physical

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market takes over the paper paradise. And we've seen it

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on the retail side a few times, but it's lasted

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a few days, you know. Even during a silver squeeze,

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it lasted for a while, and that was mostly retail.

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And then remember Rostam benham Or came out and so

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we got to tamp down the silver market. Remember that one. Anyway,

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we were in the thirties. But this time it's different

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because first of all, the price, secondly the duration. It

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just keeps on chugging along and they slam it and

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it comes right back up. It's a whack the mole.

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They hit it down. They're used to, Oh that's the

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end of that for a while. No pop right back up.

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So it's very interesting times and very satisfying to see

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the physical market take dominion over the paper pushers.

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Speaker 3: And and you know, like you can see when they're

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doing it because they'll go hammer the stocks and then

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you know, then they'll hammer the silver. But I've seen

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it where they hammer the stocks and silver goes up anyway,

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And then when you watch it in the after hours,

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the access market in Asia and in Europe, it goes

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up there. And then the tell to me was the

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day after Thanksgiving, which is normally the day they slam it,

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and you know that we had a to I think

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a two dollars and thirty cent gain maybe three bucks

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the day after Thanksgiving, and I'm waiting to see what

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happens the day after Christmas.

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Speaker 1: Yeah, Now it's really very interesting. You know, in the

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access market, it used to always be their playground where

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there's very few trades and they could really gain momentum

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by slamming her down. And then what would happen. Of

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course that carry over in the opens on the other markets,

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and then there'd be you know, big down so then

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the margin calls would go out, which would cause further

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their downward pressure. But over the last I'd have to look,

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but probably six months I'm guessing learned that range. Yeah,

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the access markers had all the strength and they slam

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it and then goes right back up, as I just said,

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and they are not used to it. They mean primarily

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the uh, well, the pay per paradigm, but that's primarily

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the four and eight banks that Ed Steer talks about continuously,

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that are bill on banks that get into advantage. Well,

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people don't know that how the future's market works, not

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only from the mechanics of it and what the contracts say,

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but from the idea that when you're a hedger, you

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get a thirty percent discount from the brokerage, from the CME.

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Because if you're hedging wheat and you're a farmer, then

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you know, since that's your product, mister farmer will give

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you a discount because you've grown the week. And why

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should you have to, you know, take all of your

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capital to hedge a position where you're going to deliver. Well,

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that's true of silver, except none of these silver producers hedge.

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Very few. I shouldn't say none, None of my list hedge.

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Speaker 3: They stop that they stop.

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Speaker 1: It's the banks, the bullion banks, like they need a

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discount when they could could you know, print infinite infinite currency.

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It's it's ridiculous, but that's the rules, and that's what

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they have totally.

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Speaker 3: Yeah, Well, supposedly JP Morgan switched sides and they're on

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the long side now and they've been building up their

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silver inventory, and that in itself is enough to upend

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the market, isn't it.

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Speaker 1: It is? And that's something you know, going back and

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do you know, I'll call it the good old days,

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and I had I wouldn't say an argument, but I

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had a discussion with Ted Butler very early on, and

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you know, he was telling me, you know, all the stuff,

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and you know, big credit to Ted Bubber, but I

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was bringing forth the idea that well, we don't really

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know the net net because they could be short, you

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know in New York, but they could be long the

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LBMA and that's really hey, we don't really know the

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true position. No, he agreed with me, but not you know,

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I was I was indict maybe they're not long, and

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I don't know, but don't you know. Yeah, but that's

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the idea, especially you look at you know. Eric Young

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has become very popular in the silver world the last

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several months, and I interviewed him once. I plan to

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do it again. But he talks about this kind of

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back and forth between the lbm A and the comacs.

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I've done the same thing. I mean in my earlier interviews.

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As you recall, you know each other for years. I

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used to always refer to the ACXIS as the Anglo

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American Empire. Yes, the London boys and the New York

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boys working together to.

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Speaker 3: Well, we can't say manipulate, to influence, we could say influence, exercise,

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undue influence over the market. I think that's a fair assessment,

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don't you. I do indeed, yeah, well you know, but yeah,

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that's the thing. You don't really know their book and

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Martin arnstrat that this a number of times, like that's

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how they made their money because they'd be selling it

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here and buying it in London and then you know,

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making the spread there. Basically arbitrageing and risk free arbitrage

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because they know exactly what's going to happen to the

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market once they start selling those contracts. But those days

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are gone, so it appears at least for the time being,

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and once they lose control, it's very hard to take

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control of a market again. And then not to mention, David,

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you've mentioned this so many times over the years, that

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the criticality of silver and the Trump administration acknowledging that

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that silver is a critical a critical mineral.

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Speaker 1: Exactly, and that's you know, ah, and not knowing as

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far as how much silver will the federal government buy

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for the strategic stockpile. I mean, the Silver Eagle program

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was based upon the strategic stockpile that was sitting there,

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and some senator decided to go, well, what are we

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going to do with this stuff. Why don't we just,

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you know, make the law and make a treasury mint

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these things into one ounce coins, call them silver eagles,

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and sell them to the public and deplete the stockpile.

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What it's funny about that, Perry, is when that happened,

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they ate up the one hundred and thirty nine million

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ounces fairly quickly. But in the original law you had

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to source domestic produced silver to continue the silver eagle program.

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Speaker 4: Right.

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Speaker 1: Well, once they ran out of metal, they figured out

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the sourcing from the US of A was so pitifully

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small they couldn't even get enough eagles produced. So they

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had to change law to get source silver from anywhere

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they could get it to continue in the silver eagle work.

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Speaker 3: You know, I quote you like so many times, David,

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like you're the one who first called it that. I

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remember a Johnson slug and I wrote an article. I

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wrote an article because you know, we're talking about sixty

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years of silver suppression. Actually it's much longer than that,

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but in the modern era, and sixty five was the

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key because that's when the price of silver was exceeding

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the value the face value of the coins, and the

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government knew this and Johnson basically demonetized the coinage, and

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there was a big stink about it. I didn't even

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know I wrote the article.

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Speaker 4: I got an email from a guy who said his

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father was Frank Church, Senator Frank Church, and he totally

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vehement opposed taking silver.

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Speaker 3: Out of the coinage. And he was famous senator. He

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challenged the intelligence community through the Church Committee. You know,

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he was a straight shooter, and there were eleven senators.

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So I said, you know, we just talk about this,

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but I never really researched how it went down. I

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was only eight years old. You got a couple of

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years on me, but you weren't that old either. And

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Levin it was a psyop. Basically LBJ said silver is

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too valuable to use his small change. That was his rationale.

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And what was interesting, you know, Kennedy was killed. So

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they made the Kennedy half dollar in sixty four. It

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was ninety percent silver, and instantly it disappeared from circulation

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because people basically as a collector kind of remnant type

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thing curio. And then they said, well, we can't make

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a half dollar out of just copper clad Johnson's slug

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because that'll cheapen the memory of Kennedy. So the least

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amount of silver they could put in that coin, David,

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was forty percent to still make it sound like a

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silver coin when you dropped it, and make it look

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like a silver coin. And that's why we got forty

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percent half dollars from sixty five to seventy and then

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even those got hoarded, snapped up and out of circulation.

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So finally they just gave up in seventy one, I guess,

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and only for special you know, mint sets. You know,

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I've been buying mint proofs for their metal value, David.

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It's amazing, like proofsets, ninety percent proof sets for metal value.

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It's unbelievable.

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Speaker 1: This market, it is crazy how I had that Well

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you know this, but there's a couple of interesting outfits.

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I'll put it in that context. And what they do

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is they buy mint boxes from the Treasury every year

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and do these huge advertising campaigns that you can buy

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a proof MS seventy or twenty twenty six silver Eagle

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for seventy bucks, well now sixty six, so for one

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hundred and twenty bucks, and so people buy those and

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then what they find out is when they go to

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resell them, they basically sell for you know, face for

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not face for silver's value. So you know, so if

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at sixty six bucks they paid one hundred twenty a

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year later they go so for the seventy bucks, tim

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I get seventy two. Anyway, at the point I'm making

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so I called the wholesalers. I said, how many slabbed

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seventy you know proof? You know? Have you got? He

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goes all, I got a big number. So well I

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don't need that many, so send me, you know, two

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boxes which are twenty and heaps. They're all slabbed. You

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know what they look like, right?

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Speaker 4: Yeah?

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Speaker 1: Sure? And so and what did I paid for those?

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Speaker 4: Darn?

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Speaker 1: I paid pretty much the same as you'd pay for

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any silver coin. Yeah, I mean there's an example right there.

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I think you see all my height, But anyway, it's

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a slab silver coin. Sure. And then I would give

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them out for new subscribers at the gold shows like

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where I met you, you know, run up for the

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morganport here at the show and have a slab SEMENTI

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proof now silvergal.

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Speaker 3: Mm hmm, yeah, unbelievable that even the even the silver

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in these proof sets. You know, it's always worth something,

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but but that the melt value is greater than the

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collectible value. Now, I mean I bought uh all the

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quarter sets. I bought a few of them, Ok, you

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know the fifty States quarters, and I bought them like

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four weeks ago, and basically at melt value plus the

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face value of the non silver coins, I got them

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for less than that, so you can't go wrong. Is

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a discount, and now they're worth God only knows, but

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you know they weren't. Everybody could buy them. But so

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if you're late to the show for silver, what's the

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first thing you would do?

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Speaker 1: David? If you were in that.

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Speaker 3: Position, if you just figured out one day that silver

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is really going to be money again and it's something

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you should be buying, and you don't have a lot

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of money, how do you get into it?

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Speaker 1: Well, I just wrote an article and got posted on

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the web somewhere, and I just said, really, if you're

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going to start, start where I pretty much I've always

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recommended carry, and that's with a bag or half bag

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or a quarterbag of what's called junk I prefer to

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call constitutional silver because it's selling that a discount. I

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know some of your more retail type places are selling

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it for for melt, but you didn't get it for

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two or three dollars under spot or under melt if

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you know where to go, and of course that's you know,

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I'm not going to say the names on any public domain,

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but if you find me on X, send me a

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DM a direct message and say, hey, you're interested in

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buying a constitutional below spot, and I'll connect you with

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the people that I know that are close to wholesale.

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And so that's a good place to start. Plus it's

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case scenario Jesus was having a barter or probably very

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small now, but that doesn't mean you still couldn't use

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it in a transaction, give it out as tips. I

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think there'll be more and more used for silver as

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money as time wears on, even if it's unefficient. You know,

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for example, the Mortgag report. You know, if you want

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to pay me in silver, I'll give you a twenty

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percent discount. Sure yeah, well yeah, so if you were

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to pay me in THEOT paying five hut, but if

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you're had to pay me in silver, I'll take four

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hundred silver equivalent.

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Speaker 3: I think for large items people will start I think

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people will be buying houses for silver. In fact, I

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was thinking of starting a new business, David cash for

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silver instead instead of cash for gold. Right, sure, yeah,

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a new South Park episode.

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Speaker 1: There we go.

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Speaker 3: So well, hey, it's nice to be right once in

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a while. And so Morgan Report still going strong. How

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do you subscribe to it?

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Speaker 1: Yeah, just go to the Mortar Report dot com. So

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I end up for free, that doesn't cost you anything.

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And then if you're interrupt us to then the best

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opportunities that we have, then certainly look at the subscription service.

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And I's w I thought this out there. I don't

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want to name any names. I'm too professional, but there's

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been a lot of chatter from time to time about

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you know, you just want golden selfer only you don't

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want the stocks and on aggregate, that's true. I mean,

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if you buy a mutual gold mutual fund, and you're

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probably going to do as well or better or slightly

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better than or slightly less than gold itself. But if

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you buy the right stocks, there's no question how much

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better you can do. Give you two examples. Number one

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my favorite, and I weight the portfolio. So big money

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goes into these things, not you know, expecuative. This is

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serious investing. So our number one pick in the silver

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realm is equivalent to having silver at two hundred and

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twenty dollars right now. That is how much better this

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stock is done than the silver price. The silver price

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doubled this year and it's at sixty six, so think

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about that. The second thing is, and I'd love to

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talk tax, you know, I hate it, but the capital

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gains on silver is far higher than it is on

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the stock. So not only have you gone up so

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sixty six, roundred seventy, it's three hundred percent, three times

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greater in value or in dollars or in fiot so

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two hundred and twenty, and your tax rate is a

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lot less. So your net net is far superior owning

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that silver company than it is owning silver. Now I

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advocate both. I'm not selling my book because I mostly

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work on the equity side, sometimes the futures and option

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side ETFs. But that's number one. Number two is if

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you bought Pan American when I bought it, you know

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what my dividend is. Well, if you look at the

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stock exchange is going to say like two percent. But

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if you take my dividend and I'm getting one, I

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bought it a two fied I'm getting over ten percent

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on my silver invest every year. Why because it was

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an investment. It's a buy and hold, you know, and

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that stocks up well over ten times. But anyway, but

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there's a point to be you know, I want to

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be fair. If you buy a gold mutual fund, you're

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probably gonna do just almost as well buy gold. But

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if you buy the right stocks, you can beat the

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crap out of the metal. Now again, you should have both,

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and I've told everyone before you you know, subscribe the

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mortga to report the paid version. You should own physical

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gold and silver. But once that is accomplished, if you

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want to leverage a position with the least risk, there's

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risk in all stocks, we know that, but the least

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risk cash cash rich, unhedged mining companies, and most of

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those are royalty companies that we specialize in. And I'm

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just shooting straight, you know. So you bought early, you're

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getting big dividends. Taxes are much less than on the

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metal itself, and so there are advantages to having both.

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Speaker 3: Absolutely for sure. I couldn't agree with you more. And

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that's how I'm aligned as well. And you know, I

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don't think the Western civilization is disappearing yet, but it's

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certainly taken a hit or two. So it's the Morgan

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Report dot com. You've got any questions for David myself,

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shoot me an email kl Atcarrie LUTs dot com. You

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00:23:16,960 --> 00:23:21,640
can find me Financial Survival Network dot Comcarrie LUTs dot com. David,

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great to talk to you. I'm looking forward to the

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party and we will talk to you again soon.

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Speaker 1: Looking forward to seeing in person.

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Speaker 2: Thank you, Carey, thanks for listening to Carrie Lutz's Financial

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00:23:31,519 --> 00:23:36,559
Survival Network your solution to today's trying times. For the latest,

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00:23:36,599 --> 00:23:42,279
go to Financial Survivalnetwork dot com. Financial Survival Network now

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00:23:42,440 --> 00:23:43,319
more than ever,