Time to Go ALL IN! Big Opportunity For Investors As Silver Poised to Outshine Gold - David Morgan

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Time to Go ALL IN! Big Opportunity For Investors As Silver Poised to Outshine Gold - David Morgan

On August 15 First Majestic tweeted that “Silver will outperform gold as industrial demand picks up says Commodities Analyst, Colin Hamilton at BMO Capital Markets.”
With a notable presence, David Morgan has made significant contributions to the field as both a thought leader and the author of "The Morgan Report." In this video, David Morgan analyzes the performance of silver and gold during the 2008 financial crisis. He underscores the precious metals potential resilience amid market fluctuations. Prices fell to their lowest value for the year, $692.50, in the wake of the Lehman Brothers collapse on September 15, 2008. All told, the gold price declined by roughly one-third from peak to trough.
Between 2008 and 2012, the value of gold increased dramatically, as is evidenced by the 101.1 percent surge in the Producer Price Index (PPI) for gold. As Chairman Bernanke stated, gold prices can act as an indicator of the health of the economy.
However, the Gold to Silver ratio jumped as high as 80 in late 2008 at the peak of the panic in financial markets. While the move higher in the ratio was mainly due to the increase in gold prices, the peak in the ratio in late 2008 came on the back of a collapse in silver prices from $15 prior to the recession to under $10.
However Morgan mentions that if gold survive above $2060, he predicts silver will surpass gold's performance. The gold-silver ratio has fallen below the 80 level, suggesting that silver will outperform gold prices going ahead.
Furthermore Morgan expects silver appeal to rise despite strategic networking. Banks' gold acquisition suggests a shift to silver. Central banks accumulated gold at the fastest pace on record in the first two months of 2023, according to a report by the World Gold Council’s (WGC) Krishan Gopaul.
Now we are presenting you, the glimpse of David Morgan insights from his recent interview with Commodity Culture. Before we continue to delve into this discussion, we request you to subscribe to our channel and activate the bell icon for timely updates.
During the interview David Morgan highlighted gold lasting value as real money while referencing Bretton Woods. In 1971, the end of the Bretton Woods System saw the abandonment of the gold standard and currencies were allowed to move freely. This shifted gold’s role from being a currency to an asset, with a lasting effect on its price.
XAUUSD Gold Traders recently shared a tweet “Gold bullish unchanged! The current 4H trend, which remains in an upward channel, is dominated by buy orders! Concerned about support 1915 to 1917, the first pressure in 1926! After the break concern 1932 resistance.”

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