Founder's Story - Navigating Wealth with Gold and Silver: David Morgan Precious Metals Insights | S2:EP58

Episode Date: September 4, 2024

In this episode of "Founder's Story," Daniel Robbins sits down with David Morgan, a renowned investor and expert in the precious metals industry. David shares his journey into the world of finance, focusing on the strategic importance of silver and gold as investment vehicles. Known as "The Silver Guru," David offers insights into the dynamics of the global markets, the role of precious metals in wealth preservation, and his perspective on the future of monetary systems.David discusses his approach to investing, the importance of educating others on financial independence, and how his work has influenced countless individuals to rethink their investment strategies. His deep understanding of market trends and his passion for sharing knowledge make this episode a must-listen for anyone interested in the intersection of finance and precious metals.Key Points Discussed:David’s early career and what led him to specialize in precious metals.The significance of silver and gold in global finance.Insights into the current state of the global markets and future predictions.The role of precious metals in protecting wealth during economic uncertainty.Strategies for investing in silver and gold.The importance of financial education and empowering individuals to make informed decisions.David’s thoughts on the future of the global monetary system.How to stay ahead of market trends and make sound investment decisions.The impact of David’s work on the precious metals community.How to connect with David Morgan and access his resources.Relevant Links:The Morgan ReportOur Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: www.rosettastone.comFFor all my hiring needs I use Indeed: www.indeed.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacyOur Sponsors:* Check out PrizePicks and use my code FOUNDERS for a great deal: www.prizepicks.com* Check out Rosetta Stone and use my code TODAY for a great deal: www.rosettastone.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome back to Founders Story. Something I want to know more about is precious metals. What's the future of investing in these assets? What can we do now? What do I need to look for? Today we have David Morgan, the founder of The Morgan Report. We're going to dive into all these things. Plus, David, you have a documentary that's going to be coming out which i'm excited to get into but let's kick it off with you and your story so what made you inspired to want to get into precious metals that's a very long story but i was 11 years old when the coinage in the united states went from 90 silver coins to what were called the johnson slugs that intrigued me never did i know i was 11 year old when I'd ended up doing for a living, you know, years and years later. So that sort of set the spark. And so how did it continue as an

adult? Well, when I started working for a living, I mean, my first paycheck was above what I signed a contract for. And I couldn't understand what was going on. I was a little scared that they'd overpay me. So I went to my boss, first check and said, hey, you overpaid me. He goes, no, no, no, see this over here, this COLA, C-O-L-A, boy, I don't grow good COLA. What's that? That's a cost of living adjustment. So the inflation era that I lived in when I got out of school really kind of made me very cognizant of how fast a dollar can depreciate. When I was two years into my first career job, inflation was running at 13%. And so inflation had been as low as 4%,

and wage and price controls were enacted. So that just kind of woke me up to the depreciation of money, which led to my quest for why. I started my quest for why gold and not the right request for why gold and silver are inflation proof and then when i got into the metals i actually did quite well on as a beginner and realized that your only protection during a very heavy inflation so not your only infection but one of the best protections is precious well obviously the last few years inflation's been like the topic that everyone's talking about so why why do you think gold is important and do you think because of what's

been happening the last few years is it just ever more important now well what's important is a stable money supply what's important is the value of a dollar that or any currency that it's going to purchase something for you so you don't have to lose our in fact in a true gold coin standard or bimetallic standard you get a general deflation so if you're making you know 20 bucks an hour when you start the workforce and you leave it 40 years later that 20 bucks an hour will actually buy you more not less after all those years so that's the stability of money whereas once you become currency it could be inflated away so for some people i think a lot of people don't really understand uh phrases that are being thrown

out like i'm not sure if a lot of people even understand what inflation is can you explain what inflation is or inflation is really misunderstood by a lot of people even understand what inflation is can you explain what inflation is or inflation it is really misunderstood by a lot of people what they think is inflation is the effects of it so hamburgers cost more grocery bills bigger their email cost more cars cost more that's the effect of it but the inflation comes from inflating or increasing the money supply so in a gold system you have a fixed amount of gold and the money supply increases very slightly maybe one percent of euros basically nothing but in a fiat currency system you can inflate it by 10 percent you can add trillions of dollars and we added as much currency in the system in three

years or we did over 240 years so that's that's kind of approaching the hyperinflation when you add that much so it's just thinking about it like a glass of milk the more you dilute it hey everyone i'm not sure if you've heard but but our show. So the last few months I've been practicing how to learn Spanish because it is really a passion of mine. I've been using Rosetta Stone. Why? Because it immerses you in the language without having translation. So you can really learn to speak, listen and think in that language. It starts naturally with words, then phrases, and soon you're forming sentences designed for long-term retention, which has always been my issue. They even have a built-in true accent speech recognition that acts like a personal trainer for your accent. It gives you instant feedback on your pronunciation. It has flexible learning on desktop and mobile. You can fit language learning right into your schedule anytime, anywhere. Here's the amazing value. Rosetta Stone offers a lifetime membership with access to all 25 languages, including Spanish, French, Korean, and so many more for 50% off. Don't put off learning that language. There's no better time than right now to get

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But check it out. The less valuable it is or the less nutrients it has per per ounce and that's what happens in the money supply the more you dilute it the less purchasing power it has and the effect is things cost more but that's not inflation that's the thing well thank you for clarifying so i know there's been record-setting purchases of gold i've even been reading about how costco has been selling gold they're selling i don't know they say they're selling like a hundred million dollars in in gold or something like that i might be off on the numbers now but why do you think this this has been happening well at the end of all these great inflations people uh seek

stability and they seek something that will have preservation of wealth and that's that's gold and silver and that's been that way basically for thousands of years so because of that fact as people wake up and learn more and more they gravitate to something that really has protection of their savings let's dive into silver though i don't always hear a lot about silver i hear a lot about gold it how how does silver compare to gold or what are you seeing when it comes to silver well silver's uh a metal that has two basic properties one is money and the other is industrial usage and the industrial usage over time is continuing to increase in fact I've heard numbers as high as 70% of the silver market is for industrial use. I don't think it's quite that high, but it's definitely high.

It's more than half. And silver has actually been mining more places for a long period of time than gold. Gold is usually for international trade settlements. Not always. I mean, you could buy stuff with a gold coin, but gold's worth so much per unit value. So an ounce of gold is $2,500, or an ounce of silver is like $30. So you could exchange silver for gasoline or food or clothing or whatever, whereas gold is high unit value.

So both really work the best with the bimetallic standard. Silver's undervalued as far as what it's worth in terms of gold or almost any commodity out there the normal rate for a monetary asset gold and silver both is plenty is about 15 to 1 the right out of gold silver ratio is over 8 wow so if somebody if somebody's like okay i want to learn more information about all this this seems very interesting. It's something I need to be at least aware of. Tell me more about the Morgan Report and why did you create that?

Well, I started the website to educate people. And then we do specialize in ways to not only buy silver and gold with the probably lowest premiums anybody can find. The other things are education, and then we have a private newsletter that works through the resource sector, looking at gold, silver, and all the resource stocks, uranium stocks. We've got lithium, cobalt, battery metals, copper,

you name it, we pretty much examine the resource sector and primarily do that through the equity side, although we do look at ETFs and other investments. I know people can go to themorganreport.com. What if they want to talk to you directly? Is there someone else, somewhere else that they could follow you on? The consultation tab on the website. So you can just pull that down to a half hour, an hour. If you are a paid member on the paid site, the consultations are half price. Thank you for tuning in to Founders Story.

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