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The Past Decade
David Morgan: We can look at it sector by sector, but I think one of the big things that's changed is the amount of interest in all the markets. If you consider the number of Web sites that are devoted to the precious metals today versus how many were available when I started around ten years ago, you discover that when the silver-investor.com Web site started there were very few sites devoted to silver. There was Ted Butler, Frank Sanders, and me . . .
11.06.09- Current Gold:Silver Ratio Screams
This article suggests that silver is undervalued compared to gold by anywhere from 10% to 50% based on historical gold to silver price relationships. With primary secular bull or bear trends easily running from 10 to 20 years of the average investor’s 40 year investing lifespan it is crucial to identify optimal accumulation points within these primary trends to avoid prolonged periods of under-performance and potentially negative returns and to avoid dramatically reducing the number of productive years in which to build one’s fortune. Read More
11.05.09- Silver: Declining supply, increasing demand
On current supply/demand trends, the amount of above ground refined silver is projected to shrink to even lower levels in the coming years. Industrial demand has been outstripping mining supply for most of the last 20 years, driving above ground supply to historically low levels. Few in the investment world are aware of this important fact. Read More
11.04.09- Scary Comex Silver Withdrawals:
11.03.09- 10 compelling reasons why gold is going to do well this year
Including $1 trillion in cash infusions, the stimulus plan will pump $9.7 trillion into the economy, according to Bloomberg. As the Globe & Mail reports flatly, “Many believe that the monetary stimulus efforts will cause a spike in inflation,” driving gold higher. If gold trades at or above $1,600 by December, some 100,000 call option contracts will be “in the money.” Big-money players Goldman Sachs and JPMorgan are reportedly helping to drive the action, ahead of a huge purchase of gold futures contracts. Read More
11.02.09- Rare Earths and Other Critical Technology Metals
The idea is that supply chains are only as strong as their weakest link. The fact is that many thousands of technologies - electronics, aerospace, military, automotive, clean-tech and renewable energy, to name just a handful - rely on a small number of specialty metals, or what some call "technology metals." These metals have obscure names, but in many cases, there are simply no substitutes. Read More
10.31.09- A
Silver Dream I had a dream last night. A silver dream.
10.30.09- What Is Your Exposure?
There really are only two currencies, and they are gold and silver. Read More
10.29.09- Silver Unmasked
10.28.09- Gold, Exchange Rates and the London Fixing
While the rise in the $ price of gold has been sound, without being spectacular [the rise of late has only been around 10% over the average of the last 18 months], it has barely moved in many currencies. With South Africa, as one of the leading gold producer's currencies, the Rand, the gold price has hardly moved, while gold investors there have steadily built up their holdings. In that period the Rand has strengthened from a low point of around R10: U.S. $1 [October 2008], to R7.4: $1, sucking out all the benefits of a $ rise in the gold price. Read More Copyright © 1996-2009
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Ellis Martin: Today we're joined by the silver guru, David Morgan of The Morgan Report. His Web site is silver-investor.com. Mr. Morgan is one of the world's preeminent world experts, not just in silver, gold, and precious metals, but related issues in the mining sector. David is also an author, having penned the book Get the Skinny on Silver Investing. He's a teacher, lecturer, and world traveler. David, welcome back to The Opportunity Show. Can you tell us, please-how has the precious metals markets, the sector, changed in the last five to ten years? 
Buy All Things Silver!
In 1900 there were 12 billion ounces of silver in the world. By 1990, the internationally respected commodities research firm CPM Group say that figure had been reduced to around 2.2 billion ounces of silver. Today, that figure has fallen to less than 1 billion ounces in above ground refined silver. It is estimated that more than 90% of all the silver that has ever been mined has been consumed by the global photography, technology, medical, defence and electronics industries.
It's bad enough that the silver backing the COMEX futures market is only 1/12th of the amount of silver that is under contract, but the day before Halloween dropped a new trick on things. Total Silver withdrawn on October 30th totaled a massive 3,627,012 ounces. More than two thirds of that amount, 2,585,384 ounces came off the Registered Side of the equation. Since the end of July 2009, the Total Registered amount of silver (silver held by depositories to directly offset futures) has fallen by 10 million ounces. The Friday drawdown was one of the largest that I have seen and would indicate that some of the players are in agreement with the thought that if you don't have silver in hand, you don't have silver. 
The Stimulus Effect:
There was quite a meeting in Washington, D.C., last week. Some of the key players in government and the metals industry came together in the same room to discuss the looming shortages of critical elements that are coming down the road.
It
all starts with a regime change in the Latin American republic of
La Plata. The new president is swept into office on the heels of
2000% inflation by an electorate fed up with IMF-induced bank failures.
On his second day in office, El Presidente appoints a new central
bank governor, an economist and former labor leader, who quietly
informs the central bank's silver lease counterparties that the leases
will no longer be rolled over. The silver must be returned at
the end of the current lease term, 55 days hence, or the central
bank will go public with announcement of the default. But the physical
silver cannot easily be repaid, because it is long gone, having been
sold into the spot market and used in industrial production a decade
earlier. So the counterparties, large New York firms, have a challenge. 
A well-known truism is that every investor needs to start with savings. But
what if that "savings" gave the investor too much exposure to risk? What investors
or people in general need in this financial environment is savings that don't
deteriorate. We are in an environment now where the idea of making money, which
is kind of the preamble to being American, is going away. In other words, today's
environment is, he who loses the least, wins, and the way that you do that
is to hold a currency that doesn't devalue over time.
Most individuals have no clue about the dynamics of silver, thinking there is an infinite supply of it both above and below ground. But those Savvy investors who incorporate commodity based stocks in their portfolios likely own the silver ETF (
The Gold Price and non-U.S. $ Gold prices
