by Mark O’Byrne
“Gold and silver bottom is in”, renowned silver analyst David Morgan tells Max Keiser on the Keiser Report and warns about paper and digital proxies for money and gold. Morgan, also known as the ‘Silver Guru’ of the TheMorganReport.com, talks to Max about the gold, silver and global bond markets and the ponzi scheme that are these markets.
[…] Also covered in the show are central banks creating a financial and economic system not free for its participants, the end of hegemony spotted in the price of Russian bonds and the Bank of Japan failing, yet again, to get any sign of life from the Japanese economy.
Morgan warns about the importance of owning physical gold coins and bars rather than paper or digital proxies for bullion and money. He points out how gold investors lost money in the MF Global fiasco and were exposed by the ABN AMRO unallocated gold account fiasco.