David Morgan discusses the importance of owning physical GOLD and SILVER instead of paper currency – NaturalNews.com
Written by GRB on 17/01/2024
Decentralize.TV: David Morgan discusses the importance of owning physical GOLD and SILVER instead of paper currency
The “Silver Guru” David Morgan talked about the importance of acquiring precious metals like gold and silver during the Jan. 8 episode of “Decentralize.TV.”
“You must have physical gold and silver, or at least physical silver, and there’s a reason for that. It is the money of last resort, much more so than gold,” he told hosts Mike Adams and Todd Pitner. He added that people can pay or buy anything they want using silver.
According to Morgan, a widely recognized analyst in the precious metals industry, people need to think about what they own – whether it be precious metals or fiat currency. He touted the advantages of silver, noting that one who owns the metal “owns real money” and can “act as if [they] own real money.” The best way for people to “take control of money is to use it as money,” Morgan continued, calling for people to advocate the use of silver as payment to help others. (Related: Precious metals can help make your portfolio invincible amid financial collapse, says David Morgan.)
The Health Ranger meanwhile pointed to bank failures in America happening like never before, alongside foreign central banks almost desperate to purchase gold and silver. Morgan attested to this practice, but added that the practice isn’t limited to central banks. Chinese people have been willing to shell out $100 over the spot price to buy physical gold, and the Japanese have also made a run for the yellow metal.
According to the analyst, the run for gold began in 2023 with central banks making their biggest gold purchases they had in several years. In turn, Adams said people are going to see an acceleration of gold accumulation by central banks and governments with the currency weakness happening. A lot of central banks need to backstop their currencies with more gold, he added.
Banks will do everything to stay in power
Nevertheless, Morgan stated the banks will do everything they need to stay in power – even to the point of acquiring gold as a last resort. Until that time happens, they will do everything possible to avoid using gold which means introducing a central bank digital currency (CBDC). According to Morgan, this CBDC is tied to oil and other commodities.
He continued that banks can get away with it if they can actually do enough propaganda to tell people how convenient it is to have a CBDC on their phone.
“That’s the type of thing they’ll try at first. If that fails then they’ll go to something. If all those fail, then they will have to go to gold because enough have lost faith in the system that they need to prove that it’s got some backing.”
Adams mentioned people want to preserve their assets with many other systems of value cratering including the dollar. He cited that throughout time gold and silver have managed to maintain their asset value.
The acquisition of gold will be controlled by big money institutions and countries, according to the analyst. China and Japan are rapidly moving into gold and the commercial banks have already done it last year and are still doing it now.
Follow Metals.news for more news about precious metals like gold and silver.
Watch “Silver Guru” David Morgan explain the importance of precious metals with “Decentralize.TV” hosts Mike Adams and Todd Pitner.
This video is from the DecentralizeTV channel on Brighteon.com.
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