Why Silver, Not Gold, Is The Ultimate Safe Haven – David Morgan

from Kitco NEWS

Silver prices have lagged behind gold since the start of the year, but popular newsletter writer David Morgan says he is not too concerned. ‘I think gold is the ultimate safe haven for the establishment – for the big banks, for nation states,’ he told Kitco News at the PDAC convention in Toronto, Canada. ‘For the wise investor, silver will outperform gold in the long run.’ However, according to the author of the Silver Manifesto, silver prices may pull back over the shorter term. For Morgan to be convinced that silver’s rally could continue, prices would need to be above $16 an ounce, he said. ‘Next time there’s a move up [in gold], silver will definitely participate.’

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