interview: david morgan
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Goldentimes.pl Michal Wroblewski interview for Golden Times with David Morgan, about financial crisis, gold and silver.TRANSCRIPT
"Golden Times Guests of Honor"
David Morgan
Michal Wroblewski David Morgan
We invite you to read Michal Wroblewski interview with David Morgan,
founder of www.silver-investor.com, "The Morgan Report" and author of
"Get The Skinny On Silver Investing."
www.goldentimes.pl www.transferbogactwa.pl
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Hello David,
I'm glad we have you on a board of "Golden Times Guests of
Honour " and that you wanted to share your thoughts with our
readers. In Poland, more and more people are recognizing the
faltering financial system and it’s consequences in the form of crisis.
That is why Polish people decided to invest in gold and silver, also
waiting for a big profit in the future. While gold is much more
expensive and not everyone can afford it , silver is much popular for
investors. More and more Polish people invest in silver and looking
for more information. A lot of people are also familiar with your
materials, so you are not anonymous in Poland. I want to talk with
you not only about the silver but also gold and economic problems
worldwide. So, start with economic problems in the world…
What do you think about the condition of today's financial system
and crisis?
The financial crisis of 2008 was a wake up call to the entire financial system on
a global basis. It could be argued if the bailouts were necessary or not, but
regardless the fundamental problems have NOT been addressed.
You cannot correct and over indebted system by adding more debt, therefore it
is easy to conclude that more problems are ahead of us. How bad it will get
depends largely on the breakdown itself, if transportations problems develop,
or lack of food for example then hardship will ensue.
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What is the role played in this mess of gold and silver?
To build real wealth as currencies are destroyed around the world. The entire
system is dependent upon the US dollar because it is the reserve currency
system of the world, so all other currencies are tied to the US dollar. If people
save in real money (gold and silver) they will maintain or increase their
purchasing power, this has been the trend for over a decade and will continue
until the debt problems are resolved.
Why you so strongly believe in silver?
Silver is more affordable for most people and has outperformed even gold. So,
silver has done a better job of maintaining or building wealth. This trend is
likely to continue.
What forms of investing in silver you think are most appropriate in the current environment?
Always best to purchase small units-coins for example. This gives the investor
much greater flexibility that bars.
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And what do you think about gold? Gold is now the ultimate money and recognized as such, even Central Banks
have become net buyers of gold, whereas a few years back they were net
sellers. Gold is likely to be brought back into the monetary system at some
point.
How do you get interested in this whole subject, why did it become your life's mission?
I was interested in money from a very early age, don’t really know why.
Because of this curiosity the discovery of fractional reserve banking was
something I learned very early. As my study continued the history of money
made it clear that the world was on an unsustainable path.
It became my life’s mission because it seemed to be my duty to try and help as
many people as possible. Also, my motivation became even stronger after
becoming a parent and wanting a future for my children that was based on
sound economic principles.
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Maybe any last words, according to users of "Golden Times"? If you are interested in our work you can find us on Twitter at silvergur22, or on
youtube at the silverguru channel. Also we have a free email list you can join at
the website www.TheMorganReport.com
Thank you for this interview David and good luck in sharing your message,
Regards to all users of "Golden Times",
Michal Wroblewski
www.goldentimes.pl
www.transferbogactwa.pl