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IPFS News Link • Economy - Economics USA

Liberty Advisor Tim Picciott interviews David Morgan Well Known Precious Metals Investor

• The Liberty Advisor - Tim Picciott

David Morgan a big-picture thinker and his main focus is—educating people about honest money and the benefits of a sound financial system. His ideas can be seen in the movie Four Horsemen.  I'll have to check that out. I know I've heard about it.   As publisher of The Morgan Report, he has appeared and has been featured on: CNBC,(we won't hold that against him), Fox Business, The Wall Street Journal, Futures Magazine, The Gold Report and many numerous other publications.   The first time I heard about David was last year at Anarchapulco and from what I gathered about David from other attendee's is that his presentation was one that people didn't want to miss because of his impeccable reputation.  

www.themorganreport.com

www.comingenergyboom.com

Some of the topics we get into include:

I want to start with how you got into this space

Whats your background, how you got hooked up with the Anarchapulco community.  

As a highly sought after speaker how can you compare Anarchapulco to other conferences you've spoke at in the past.  

Can you give us any highlights on what you might be presenting this year?

-Trace MAyor who is an early crypto adopter talked about you should have a certain amount of crypto you never sell and another amount you can trade based on oversold or overbought conditions. 

Is that sort of your philosophy as well or do you just advise people stack silver. -Do you recommend people keep silver as their money vs lets say $250k in the bank?  

Money vs currency.    For people listening who might not have a gazilion dollars what the best way for them to get started.  Go to a local dealer and buy junk silver.  Stack small amount of bullion they bought offline.  What are some things the average person needs to be aware of because I'm sure there are all sorts of numismatic scams with ridiculous mark ups that targeted to 80 year olds or people just getting started who might not know any better.  

Transcipt:

Tim Picciott: [00:04:27] Welcome to the Liberty advisor show. Today we have a very special speaker and guests with us.

Tim Picciott: [00:04:31] We have David Morgan of The Morgan Report and he's also a fellow TDV investment speaker speaker. David Morgan is a big picture thinker and his main focus is educating people about honest money and the benefits of a sound financial system. His ideas can be seen in the movie Four Horsemen and I'll have to check it out. I saw some of that a little bit of that yesterday. And as publisher of the Morgan poor he has appeared on and been featured on CNBC. We won't hold that against him. Fox Business Journal features magazine. The Gold Report and many other numerous publications and the first time I heard about David was last year at an archipelago. And from what I've gathered about David and from other attendees is that his presentation is one that people did not want to miss because of his impeccable reputation. And I can't say I remember all because it has been about a year but I do remember that I did attend your had your talk last year and look forward to hearing you again. And you guys can follow David's work and subscribe to his premium content at the Mord airs at MorganReport.com And I'd just like to welcome David to the show.

DAvid Morgan: [00:05:37] Thank you so much. The Morganreport.com and appreciate the interview.

Tim Picciott: [00:05:42] Thank you. No no no no problem. And you know as a highly sought after speaker and someone who speaks a lot of conferences you know how do you get tied in with anarchy spoken.

[00:05:52] What do you think of I know how and Anarchapulco really kind of stacks up against other conferences that you speak to at least liberty minded conferences.

[00:06:02] Well probably because I've known Jeff and I mean Jeff was on the same speaker circuit that I was. And so we would cross paths from time to time in one of the conferences that we attended together was run by Kerry Lutz and that was basically kind of a freedom type of conference more so than just an investment conference. Greg Mannarino another pretty well-known names were there. And so I asked the presenters not the presenters but the host the event manager. You know what they really wanted and they said well you know you know credit wherever you want and so I stressed freedom as my talk and it was interesting to remember this day that Jeff said after I heard David speech I decided to redo my entire speech so he got up and kind of did it off the cuff. So that was kind of I think one of the main reasons we known each other for a long time. You know I think we watch each other growing progress progressed you know two steps forward one step back kind of a thing. And when there's couple conferences where they say Jeff wasn't at his peak performance but I never held against him I know certainly I would say him a father figure to him although I'm probably 20 years a senior. But you know I would say from the public record as far as I'm concerned. Jeff's grown a great deal over the last five years or so. Always respected his intellect always respected is besting abilities always respect his honesty. But let's say that all of us you know can give to our best. But none of us should ever be perfect but I've seen him out of house too much. But I'm honored that he's always included me in the in the conference because you know I'm very outspoken and I'm very opinionated. But it's a study view in most cases not just because I want it to be so it's because history has taught it such and such Yeah I know that's that's really interesting and could give us any insights on what you might be talking about this year down there at TTV. Boy it's a tough one. You know everyone expects something about the silver market which you know I say a few words about the precious metals but I think my main thrust Esurance still putting it in my head is going to be the future and watching with the big question and this is a question for me. I don't have an answer. I want people to think about it is the next move up in the block chain going to be gold and silver backed crypto currencies. QUESTION So I'm going to make a case for why or why not. Well I'll leave it as an open ended question but I think there's been a big shift between the initiation of the watching methodology and a lot of these thousand types that are basically nothing more than their are in disguise that really have nothing of value behind them have fallen the wayside. Bitcoins off from you know whatever it was 19000 dollar high to 30 400 or so recently. So. I think there's a lot of questions surrounding that whole sphere. I don't claim to be an expert but I do claim to be a pretty deep thinker and critical thinkers so my lecture is going to revolve around that to get people to think about it critically and what place does it hold and that's an individual choice. You know I mean if I claim to be a libertarian and you know slash anarchists in the true sense of the word we're really means then certainly it's up to the individual to determine whether or not that regime that methodology suits their needs or does not. I'm certainly not going to say that it's right or wrong for anybody that determines that themselves.

[00:09:53] Yeah that's one thing you point out with the language is that none of the terms really mean what they really mean.

[00:09:57] I mean conservative doesn't really mean conservative and liberal doesn't mean liberal an anarchist doesn't mean throwing Molotov cocktails through government buildings with mask on your face. And so you know they've just really stymied the language and I'm glad you brought up the crypto currency backed block chains because today and zero hedge I was reading an article where it was talking about somebody who is trying to take I believe silver and gold out of the country and he was different. You know maybe stacks of you know silver eagles and they were basically you know giving him a very hard time for trying to move the silver out of the country. And so you know people were commenting that you know one way to get around this would be to use different Goldman silverbacks crypto currencies. I know people like you know Peter Schiff has his you know I believe has some sort of gold card but I didn't I couldn't find my social security cards I couldn't sign up for that one. But you know what is. You know I guess you know sort of jumping around here. What would be sort of you know one of the better ways for someone who maybe just starting off to get into silver because there's got to be so many different ways you know you've got people out there who are selling different numismatic coins and I'm guessing that's probably the number one way to get ripped off is that you know you see you know several people you know probably an older generation I guess maybe targeted to the more the Fox News crowd where they're you know buying high premiums or they're probably never going to recover those and then you've got you know other people where I've got you know the different gold bank credit cards and silverback credit cards that size debit cards and then you've got you know people that are maybe just going out to their ponds store and buying junk. So very early you know for someone is just starting off I mean do you recommend that just you know plain bullion and nothing really fancy and is kind of stick to the basics or what would you kind of recommend. I mean first I'd probably recommend they go to the mortgagor report that come up and actually get you know educated on this stuff but because no one no matter what investment it as you just don't want to jump into it because I heard someone on TV or you heard you know a podcast but somebody's talking about you know why you should go buy something.

[00:11:57] Exactly. I think the best is just to type in any search engine 10 rules or the 10 rules of silver investing or 10 reels of silver and besting Dasch David Morgan.

[00:12:10] And now bring out their spin. I did a whole video. First of all I wrote the generals are investing for the investing rules book years ago maybe almost two decades ago now. And that still applies. It also I did a video series of it that's on my YouTube channel and I've had a few interviews over the years about it so there's lots of information. The ten rules are very sinked. You can find them pretty easily. The YouTube channel embellishes them goes through each one and so on. You know my wonderful voice over about you know each role I kind of expand. But that's the place to start.

[00:12:49] But in a nutshell you start with real silver First you buy the lowest premium you don't buy anything that's got a premium on it much above the content. And that's where you start. Going off to the watching. This is what I would recommend for people that are sophisticated investors maybe destined for three to five years understand financial terms than a loss or two. They've accepted that they don't expect to win and everything that they touch and then a portion.

[00:13:19] Of their holdings can go into the watch. If they so choose. I think it's a great way to diversify and there's a few that I like. I've looked at a few that I am neutral on and I don't have time to study every one of them. One of my analysts basically spends all his well almost all of his time every month writing the block chain review that we've been doing in the morning report now for well over a year. I know Jeff adopted on the block chain earlier than we did. Personally I'm really not that favorable to most of those to be honest with you I am still watching methodology and amphibious asset backed ones. But again that's not for me to tell you what to do coming back on point.

[00:14:04] Certainly it's a great way to store metal spend metal and not have to worry as you just outlined that started this. This is part of the discussion that hey look I need to leave it's my property and what right to some authority figure have to stop me and question me about my personal property whether or not I can take it with you or not.

[00:14:28] Come on. That's about as anti freedom as you can get. As you well know it happens all the time.

[00:14:34] Yeah I've got a term I've come up with where it's fine for people that are freedom in name only. And you know we know we salute to all these different freedom oriented stuff but when you take a look at you know just even current events like what they do.

[00:14:47] ROGER STONE we've got you know 27 you know armed men breaking into a 67 year 66 year old political consultants house just you know you got to ask yourself how much freedom you know do we really have and I guess another thing I want to bring up is one of the big coin as you get some feedback. So one of the big coining early adopters is traced Mayer. You may not know him. So it would trace it. He's come out with some as recent videos inside at least regarding crypto that you should have a certain amount of bitcoin that you know that you're holding onto that you're not going to sell it. You've got a certain amount of. Precious metals or bitcoin that you that you would trade rather. I imagine you probably have a similar you know probably philosophy where you know you should have you know probably a certain amount of silver that is just there stack it's for when you know you know what eventually hits the fan I mean no one's has a crystal ball on when that's going to happen. Certainly you're probably in the same camp as me that you're probably more surprised that it's gone on this long and that is that the noose around her neck has gotten even tighter and tighter. But is that a strategy that you'd recommend that you know you've got maybe a certain amount ofI.K. No it's at 46 dollars. Good times. Maybe trim some of her positions and that is why to get more more feedback on your strategy.

[00:16:03] Absolutely. I mean basically we broke down the Morgan report is top tier mid tier at specular situations and then every time the market is well and you know there are so many people that seem to know everything and put it out on the Internet and they really unfortunately really don't know that much. And certainly I'm a at all. Not a know it all. And learning more doesn't mean I'm perfect. But if you're willing to trade these markets you really do yourself self service. The problem is most people over trade you not know how to do it effectively. And that's one of the things I teach my premium members it's exactly how I do it because it's exactly how I am doing it.

[00:16:38] I make a video as an outsider but certainly as a corporate position that's kind of your legacy investment for most of my members there that's going to go to their kids or to charity or whatever they choose to do with it.

[00:16:50] Most of them don't need it some do. And we don't don't know the future maybe all of us will need. It's hard to say but that is the philosophy and I think that's a good one because again even though people say oh you can't time you can't trade can't you can't th

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