Investing News, Released on 11/25/24 (Recorded on 11/22/24)
David Morgan of the Morgan Report (@silverguru) shares his outlook for silver in 2025 and beyond, saying that the white metal may reach US$40 per ounce in 2025, with the possibility of a blow-off top in 2026 or so. He also discusses his ongoing concerns about central bank digital currencies (CBDCs), both in the US and globally.
“If you could use one word to define my purpose, the way I see it, it’s ‘freedom.’ I like the silver and the gold, and all the stories behind them and the monetary purposes thereof. But when it gets down to it, the way the system’s going, the amount of gold and silver you have is going to be pretty much meaningless if you do not fit into the social credit system like the Chinese (have),” Morgan said.
0:00 – Intro
1:23 – How high can silver go in 2025?
3:01 – Long-term silver price potential
6:25 – Uncertainty driving gold price
8:45 – What can Trump accomplish?
12:22 – CBDC concerns, ISO 20022
16:02 – Resisting control, seeking freedom
18:46 – Highest-conviction sector for 2025
21:34 – “Silver Sunrise” documentary
22:38 – Outro
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.