Smartstox Interview with Silver Aficionado David Morgan
At the recent Cambridge House World Gold, PGM and Diamond Investment Conference, Smartstox talked with David Morgan of The Morgan Report about his thoughts regarding the supply-demand forces in the silver market. Some people have perceptions that new silver mine supply could drive prices down. David agrees there is new supply coming on and mentions Apex’s San Cristobal and Barrick’s Pascua-Lama mines in particular; but the fastest growing segment for silver consumption is in industrial applications, and much of this is in products that are not recycled. Overall demand looks ready to absorb all the supply increases for some time to come. The growing industrial market will see further uses in new technologies that consume small amounts of silver, but in massive application like the use of radio frequency tags on goods in warehouses, and soon stores. Also, David says that private investors are increasingly buying silver just to hold, much the way it’s recommended people hold a portion of their assets in physical gold bullion. This is very bullish for the outlook on silver down the road.
Mr. Morgan has been published in The Herald Tribune, Futures magazine, The Gold Newsletter, Resource Consultants, Resource World, Investment Rarities, The Idaho Observer, Barron's, and The Wall Street Journal. Mr. Morgan does weekly Money, Metals and Mining Review for Kitco. He is hosted monthly on Financial Sense with Jim Puplava. Mr. Morgan was published in the Global Investor regarding Ten Rules of Silver Investing, which you can receive for free. His book Get the Skinny on Silver Investing is available on Amazon. His private Internet-only newsletter, The Morgan Report, is $129.99 annually. |
David Morgan