VRIC Media, Released on 4/28/26 (Recorded on 4/24/26)

David Morgan breaks down a market defined by one thing: uncertainty. With escalating geopolitical tensions, he explains how oil shocks ripple through the entire economy and why that pressure hasn’t yet translated into a sustained breakout in gold and silver. The conversation moves through strategy: managing mining exposure as costs rise, how to hedge risk, and knowing when to take profits. Morgan also steps back to the bigger picture—central bank policy, the direction of the monetary system, and why precious metals still play a role as both protection and optionality in a shifting global financial order.

0:00 Intro
0:35 David’s Macro Outlook
4:41 Rising Oil Prices and How that Will Affect Miners
8:28 The Fed Balance Sheet and the Price of Metals
11:59 Taking Profits: Equities vs Physical Metals
20:15 Will We See Triple-Digit Silver Again?
24:23 Is the Monetary Order Shifting?
28:43 Surveillance State Concerns
32:58 Stacking and Profit Taking: How Much Should You Keep?
36:17 Thoughts on the Stock Market
40:39 Signals From the Bond Market
45:23 The Role of Cash in Your Portfolio
47:51 The Morgan Report

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.

  economy, gold, oil, silver