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Episode 35: David Morgan – Why You Need Exposure to Precious Metals

David writes the Morgan Report a newsletter that discusses the resource sector. They specialize in mining equities, and they look at ETF’s and futures. He has a particular focus on silver and gold. They analyze companies to assess their sensitivity to price changes in the underlying commodities.

He talks about how he got into the cellular market in the 1980’s, and while it was a high risk, it also came with high rewards. Likewise, with the newsletter, they try to assess the risks involved in different investment opportunities to suit everyone’s requirements. In this sector, some companies steadily become better and better while many don’t.

He expects to see steady improvement in the precious metals space, and there are several reasons for this, but the biggest one is the debt problem that central banks have created. You can’t get out of debt by creating more debt, and this is a proven recipe for disaster. If the bankers don’t do some sort of reset the market will find a way to solve the problem.

Debt is an exponential curve, and he thinks the problem will get increasingly severe until everyone looks for an exit. Historically that has always resulted in a run back to gold, and it should be the same this time around. The bottom line is you want to protect your wealth. You should have 10% of your wealth in gold and silver with another 10% in top tier mining companies. Then you can invest the rest of it in whatever else you think will do well. Having some investments that provide steady returns will pay quite well.

His site is morganreport.com, and there are some free resources along with their regular and premium newsletter service.

Talking Points From This Week’s Episode
• Feels that the precious metals sector will accelerate over the next couple of year.
• The debt problem that governments have created can only worsen.
• Twenty percent of your portfolio should be in precious metals.
• Steady returns from good companies is an excellent long-term strategy.

About Our Guest
Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly newsletter that covers economic news, the overall financial health of the global economy, currency problems ahead, and reasons for investing in precious metals. Also, he has a show on iTunes called The Morgan Report.

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