Health Ranger Report: David Morgan elaborates on the U.S. dollar's DECLINE and the rise of precious metals
- David Morgan warns of the U.S. dollar's decline, noting gold and silver have hit multi-year highs due to geopolitical instability (e.g., Iran's leadership assassination). He cites silver surpassing $32.50/oz and potentially climbing further.
- Morgan advises dollar-cost averaging (fixed monthly silver purchases) to mitigate volatility. He stresses patience—buy and hold, avoid panic selling, and resist timing the market.
- Despite recent gains, Morgan argues silver remains undervalued when adjusted for inflation and money printing. He highlights institutional accumulation (e.g., India's solar projects, China's metal stockpiling) as a driver of future price increases.
- Countries like China and India are reducing reliance on U.S. Treasuries, while BRICS explores a dollar-alternative currency. Morgan also discusses asset-backed cryptocurrencies and state-level gold/silver currencies (e.g., Texas, Utah) as emerging solutions.
- Morgan urges investors to protect wealth now, offering a premium service with consultations. He envisions a decentralized financial future where metals and alternative currencies gain prominence.
David Morgan, a renowned silver expert, joined Mike Adams on the "Health Ranger Report" to sound the alarm on
the rapidly deteriorating state of the U.S. dollar. Gold and silver prices have surged dramatically with recent geopolitical turmoil, signaling a potential paradigm shift in the global economy.
Morgan's insights are particularly timely as
gold and silver have broken out to multi-year highs. "This is a sea change," Adams asserted, emphasizing that the recent spike is not a temporary fluctuation but rather a significant breakout. Morgan predicted that silver, which recently surpassed $32.50 an ounce, could reach even higher levels in the coming days.
The predictions of the "Silver Guru,"
widely recognized analyst in the precious metals industry, are grounded in years of experience and analysis.
Earlier this year, the publisher and CEO of The Morgan Report projected gold at $2,500 per ounce (oz) and silver at $30/oz, a target he expected to be reached by the third quarter. However, the market has accelerated faster than anticipated, with silver hitting $30/oz in the first half of the year.
For those new to the world of precious metals, Morgan offered straightforward advice: dollar cost averaging. He recommended setting a fixed day each month to purchase a predetermined amount of silver, regardless of the price. This strategy mitigates the risk of market volatility and allows investors to accumulate wealth over time.
Morgan also emphasized the importance of patience and discipline in a bull market. "The best strategy is to buy and hold," he advised. The internationally sought-after speaker, writer and educator also warned against the temptation to sell during price dips, as the market often recovers and surpasses even higher levels. Morgan also urged investors to resist the urge to time the market because the markets fool everyone. (Related:
Precious metals scams? High demand for gold and silver has some companies inflating pricing for “numismatic” coins and bars… learn before you buy.)
The true value of silver: Beyond the dollar
Morgan argued that the true value of silver is not reflected in its current price. He points to
the massive amount of currency printed by the Federal Reserve over the past few decades, particularly in recent years. He explained that if you adjust for the amount of money printed, silver is still undervalued.
The author of “The Silver Manifesto” cited Warren Buffett's 1998 purchase of silver at around $5/oz, noting that inflation-adjusted, silver is still relatively cheap. Moreover, Morgan highlighted the disconnect between the retail market and the wholesale market.
While retail investors are selling back due to fear or profit-taking, wholesalers are accumulating silver, anticipating further price increases. This discrepancy suggests that the current rally may have more room to run.
The recent surge in silver prices is not solely driven by retail investors. Morgan attributed the spike to significant institutional and governmental demand, particularly from countries like India and China. He noted that India's massive solar farm project, which is five times the size of Paris, is a major factor in the increased demand for silver.
Furthermore, Morgan pointed out that China is actively accumulating gold and silver, both through domestic mining and imports. He suggested that China's strategy is to reduce its reliance on U.S. Treasuries and strengthen its position in the global economy. Adams commented that
China is accumulating metal and getting out of treasuries.
The future of currency and state-level solutions
The conversation shifted to the potential emergence of a BRICS currency, which could challenge the dominance of the U.S. dollar. Morgan believes that the BRICS currency could become a universal settlement currency, offering a viable alternative to the dollar. He also discussed the possibility of American companies participating in a BRICS-based system, suggesting that the free market may find ways to circumvent governmental restrictions.
The well-known analyst expressed optimism about the future of cryptocurrencies, particularly those backed by physical assets. He envisions a "Web3 clearinghouse" that could facilitate the exchange of various currencies – including cryptocurrencies, fiat and precious metals. "I think the crypto world is here to stay," Morgan asserted.
Morgan also addressed the potential for state-level currencies backed by gold and silver. He cited the Constitution, which prohibits states from accepting anything but gold and silver as payment for debts. Morgan believes that states like Texas and Utah are leading the way in preparing for
a potential collapse of the dollar, exploring options to implement gold and silver-backed currencies.
The precious metals expert suggested that individuals holding physical metals could benefit from state-level initiatives, potentially exchanging their metals for state currencies at favorable rates. He emphasized the importance of states reaffirming their rights and implementing systems that allow for the use of gold and silver in everyday transactions.
In conclusion, Morgan's insights paint a picture of a rapidly changing financial landscape. The dollar's dominance is being challenged, and the rise of precious metals and alternative currencies offers a glimpse into a potential future where financial power is more evenly distributed. As the world navigates these uncertain times, Morgan's expertise and guidance provide a valuable roadmap for investors seeking to safeguard their financial futures.
Watch the full interview between David Morgan and the Health Ranger Mike Adams below.
This video is from the
Health Ranger Report channel on Brighteon.com.
More related stories:
Decentralize.TV: David Morgan discusses the importance of owning physical GOLD and SILVER instead of paper currency.
Gold’s glittering future: Why 2025 could be the year it tops $3,000.
BRICS rejects dollar challenge: No plans for common currency, but dollar dominance under scrutiny.
Sources include:
Brighteon.com
TheMorganReport.com