The Phaserl


David Morgan: ‘The Silver Bottom Is In: Time to Hold, Add and Ride It Out

by JT Long, Silver Seek:

When the bulls are running for the doors, that is a sign that we have hit bottom and wise investors should hold on to their portfolios for the ride up, says Editor David Morgan in this interview with The Gold Report. It may take a couple of resource war-addled years for gold and silver prices to move back to profitable levels, but the right companies could make money all the way up.

The Gold Report: When we interviewed you last, you mentioned the possibility of “resource wars” in 2014 as referenced in Michael Klare’s book of the same title. What will that look like to the average investor?

David Morgan: The resource wars have already started. Look at Mexico. It has a resource that it covets very much, and that’s energy. That is why the government levied a new tax designed primarily at energy but subsequently adds a 7.5% royalty on mining profits. Is it a war? Not per se, but it is detrimental to companies that operate in Mexico today and in the future. I think we will see even more of this kind of thing in 2014.

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