![]() This Thread opens with Miles Franklin, and excellent source of physical silver (I bought from them) Lots of current information on this THREAD which I have been posting about the SILVER SQUEEZE. However, PSLV has much more integrity on the verification of physical silver in their warehouse. So, when you buy PSLV, you are buying actual silver and pushing up the price against the Big Banks. PSLV is one of the few ETFs which back its stock with physical silver. PSLV is a stock to buy if you want to help push up the price. That is fine.just preorder and by the time it is delivered, silver likely will have a higher price. Buy physical silver.but right now, most dealers are out of silver and it is on backorder. The Big Banks have always heavily shorted silver on paper, but they will be in a big pinch if they can not obtain physical silver to cover their paper derivatives. Anyone, anywhere, at any age can participate. This Silver Short Squeeze ain't stopping. His book, The Silver Manifesto, is also available for purchase with digital silver through the platform.Since last Wednesday night (January 27th, 2021) the message was going out about the Great Silver Short Squeeze! Silver spot was around 25.19 early that day when I bought coins. His insights are available through a paid membership, which can be purchased with AGX through LODE’s premier online marketplace, AGX Markets. Morgan is the chief editor of the Morgan Report, a monthly newsletter covering the global economy and the precious metals and rare earth elements markets. ![]() “I think most everything will be digitized, including the precious metals, and that’s something that was unavailable to me in my 20s and unavailable until even recently.” “I’m looking forward to this building out even further, and I think it’s the future,” he said. Now, he says he’s excited to see the increased liquidity of digital gold and silver, as it will soon be possible to purchase cryptocurrency like Ethereum with LODE’s digital assets. ![]() In 2019, Morgan was the first person to ever pay for physical goods using AGX (digital silver) when he purchased a cup of coffee at Anarchapulco. “The problem is that the emperor has no clothes, and the people all know it now that the solution is pretty obvious, and now with enough people with that knowledge to take action, it’s inevitable.” “I believe strongly that they’ll gravitate toward the real asset class, as there’s nothing superior for a highly inflationary depression than the silver market,” he stated. Still, he believes that the real value lies in precious metals, particularly in silver, and the recent attempted silver squeeze represents an important milestone: more awareness. “But it’s coming, whether it happens now or whether it happens later, the inevitability of the fact is that all fiat fails.”Ī testament to the crippling value of fiat currencies, said Morgan, was the recent increased interest in alternative currencies, such as cryptocurrencies like Bitcoin. “Right now, there’s a lot of pressure on silver, and we haven’t even seen the end of the dollar in the near term,” he continued. Known in the industry as the silver guru, he noted that bullion dealers had already seen an intensified amount of buying pressure in recent weeks. “The big picture that I have stressed from day one is that we are getting near the end of the great currency reset when this currency crisis manifests further, people are going to run to gold and sprint to the silver market, and that will overwhelm it.” “Whether the silver squeeze continues or not now, it will in the future,” he said. Just one week after a subreddit group, WallStreetBets, showed the world the power in numbers to move financial markets, the precious metals market received a renewed focus.ĭavid Morgan, the precious metals aficionado and ambassador for the LODE Project, spoke to LODEpay Media to discuss silver’s recent price surge. On the first day of February, the silver price reached heights it hadn’t seen in eight years, climbing just above the $30 an ounce mark.
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