Gold and silver are still in consolidation. However, the gold/silver ratio is coming down. And both metals continue to make higher lows. Morgan expects a move to the upside.

Is silver in a deficit? This depends on your definition of “deficit.” The truth is, the above ground inventory of silver is growing.

Morgan predicts people will move into precious metals when the financial system starts to collapse. However, many believe gold and silver are obsolete. Morgan disagrees, but acknowledges he could be wrong. For that reason he’s not putting all his eggs in one basket. Studies show that the optimal amount of precious metals in one’s portfolio is 20 to 25 percent.

David Morgan

Mr. Morgan has followed the silver market for more than thirty years. He wrote the book, Get the Skinny on Silver Investing. Much of his Web site, Silver-Investor.com, is devoted to education about the precious metals, it is both a free site and does have a members only section. To receive full access to The Morgan Report click the hyperlink.

Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.

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