$100 silver price: when and why we will see it - David Morgan

Gold and silver have always held a close correlation with each other, with silver usually outperforming gold in bull markets, as it did this year.
Assuming a $4,000 gold price target in two to three years’ time, which is roughly a 100% increase from current levels, and assuming a normalization of the gold-silver ratio to 40-1, then silver should be trading at $100 by the time gold doubles in value, said David Morgan of TheMorganReport.com.
“The last time we had that run in silver in 2011, we’ll look at something similar, so at that time it got to about 33 to 1, so if we $4,000 gold and we use a ratio of 40 to 1, that says $100 silver. Is that out of the question? I don’t think so. I actually forecasted that price back in 2003 when silver was under $5, so I think we’ll see that,” Morgan said. “I’m not saying next year, but we’ll see that.”
0:00 - What's been holding silver back?
4:34 - Silver and inflation
6:45 - Silver's correlation to gold
8:11 - Timeline for $100 silver
9:18 - The "fair" gold-silver ratio
11:51 - Silver's performance in recessions
13:49 - Monetary policy vs industrial demand on silver
16:14 - Risks to industrial demand
17:45 - Supply and demand
19:35 - Election and silver price
__________________________________________________________________
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[@patkanman]

David of Kitco is one sharp cookie. His interviews are getting better and better.

[@james3876]

Crazy stuff as he started off at such a high level

[@bar8665]

Straight to the point. I do appreciate his interviews

[@lukemckee9772]

He should do a video showing his investing style and explain it

[@benjamin593]

I was just thinking the same thing. Imagine a media that knows their field well enough like David, that they could ask such pressing questions of the interviewees. KITCO Videos are one of my most consistent watches simply for the great interviews. This kid is INTELLECTUALLY ON FIRE

[@bryancarreracabrera]

Agreed, he's on point. Well done.

[@bigben8272]

David Lin really brings out the best out of David Morgan. In some ways the questions are more interesting and revealing than the answers. Well done to both of you!

[@fazdoll]

I get the feeling that David the interviewer actually wore out David the guest. Morgan hasn't worked this hard in weeks!

[@jdr4674]

Well the questions are obviously intentionally suggestive of rising precious metal prices in order to serve the interests of his employer..

[@goldcic]

😮😮oo😮

[@goldcic]

😮88o

[@bruceknight9506]

David Lin really is a very good interviewer.

[@Kid_Ikaris]

Yeah especially considering how many he has to do he keeps coming up with interesting questions

[@monkeyloven]

He is!

[@NigelSaintJames]

Every interview I have seen him conduct is well researched, relevant, and he asks penetrating and intelligent questions. Great young guy.

[@bobricci7497]

He should....make it will be on National TV.

[@dannytrader2865]

He also has great hair.

[@robertmoniez4031]

Thanks for the NO adds and NO annoying background music or noise! This is pure professionalism , enjoyed listening!

[@nickg3794]

I thought the same thing as Morgan when he asked that question. While I miss Daniela...I don't miss the surface questions she asks. Kitco has a real winner with David Lin. And the PERFECT time to NOT be asking a bunch of surface questions. Love that he comes to interviews with numbers and data. Thank you to both Davids'

[@native-american9049]

Bit souless though?

[@hongyang3620]

Silver is the poor man's money but it is a lifesaver.

[@ecchen1]

@Chris T Copper has more utility. They are all precious in God's sight! Lol

[@ecchen1]

@Ryan Lomax You are right it is not a precious metal but it is precious in God's sight! Gold will always be the gold standard as a storer of value. My own grandfather brought gold from China to Taiwan after the KMT lost to the communists, not silver or copper lol. I do see copper becoming quite valuable due to electrification and has more upside as a commodity and investment for that very reason. Though with the Fed printing trillions I can see why gold is a good hedge. But if I want a hedge with more upside, Bitcoin is the digital gold. If Bitcoin merely matches the market cap of gold it will 30x and that is definitely possible because BTC is more convenient to store than gold. However, gold is the safer storer of value as it has been over 2000 years!

[@rammuh1029]

Nothing else bought more food then Silver

[@kennethadams1398]

Start to read the comments... then half way through the interview realise I’ve no idea what’s been talked about... go back to the start .... and repeat

[@aussiefarmer6012]

Happens to me all the time.

[@citylotgardening6171]

Lol

[@brucejterwilliger5477]

David Morgan is all talk.

[@robertmoniez4031]

Same here, LOL

[@notjoeking5370]

Said it before and I'll say it again. David is the best interviewer on YT. Great chat and much appreciated.

[@JamesJosephFinn]

Wow. Subbed! This dude is the best interviewer on YT, bar none. Incredible content, and no ads.

[@barbaraherda9212]

Love the way David analyzes and thinks, so that his questions are really on-point and futuristic. He seems to always give guests time to respond, but then processes what his guests say and challenges them even further on a topic.

[@RICARDORR18]

This guy is smart, and the conversation is very digestible

[@darionava7880]

LOL the intro... David Lin pretty much took a sawed-off shotgun to David and David replied with humor and professionalism. Great video.

[@hoofgripweightlifting6872]

I was redpilled in 2014. I started prepping and stacking that same year. David gets hate for no reason. The current system will eventually collapse. There are many cracks now. Silver and gold will rise. Who knows when. In the meantime I will continue to prep and stack.

[@helenver3872]

Silver has been rigged for over 100 years....

[@brucejterwilliger5477]

David's predictions are garbage. I still stack regardless of his fat mouth. Keep on stacking brother.

[@Casmige]

The Dollar crashed & was reset in the 1980’s. Research “Plaza Accord”. Research what happened when the Mexican Peso crashed, when the Portuguese Escudo was dissolved, when the Franc reset, when the Brazilian Cruzeiro Real was frozen “temporarily”, & on & on & on.... If America is LUCKY??, perhaps we’ll see a “Plaza Accord 2.0” But I doubt it......the NWO, Event201, Agenda 2030, & et cetera will be fully ensconced with the passing of Trump, Truly America’s last President. Biden/Harris will simply usher in a draconian true Mob-rule “Democracy” with the expected commensurate failures of all such dictatorships in quick succession to follow....

[@mj625]

@@Casmige agree with everything you said, except for the Trump part. He may not have been part of the NWO cabal, but he still cared for no one but himself. He has been and always will be a con artist. To think that he is the answer to our broken corporatocracy is delusional.

[@kylefilbrun996]

@@Casmige are you saying silver is a good buy given these facts?

[@efirce]

$100 Silver is still a Joke, I checked the ratio it should be right now about $250 to current Gold price.

[@kdelete4949]

Its only worth how much the greater fool is willing to buy for it. Same for gold.

[@robertmoniez4031]

Cannot agree more!

[@Hmmm7512]

My 5th video now from Kitco, best channel I've found on KZbin! Great job David! Glad to be part of the group

[@alkpmg]

Outstanding interview David Lin. Congrats. One of the best silver interview. Well thought questions drawing some very good answers from David Morgan

[@craigmazur7673]

Fantastic Interview!! Thanks guys, happy holidays

[@jrduke45]

Boy I like the way he's talking! It makes me even happier that I decided to start stacking my silver stack! I'm just patiently waiting and watching/monitoring!😁

[@morpheus20010]

Excellent questions from David and excellent analysis from David... Thanks to both for this excellent interview on silver market.

[@buyflipnship8864]

Really enjoy the timeline partitions on the video. Extremely professional and useful ! Great interview.

[@Asian_Connection]

This guy is still at it! He has been saying silver going to $100 for the past 20 years. It will go no where until JPM pumps it.

[@Jesus.Eternal]

Try Bitcoin

[@benjamin593]

Love the in depth questions and analysis as well as the constant laconic approach David takes in the interviews. I’m never wasting time getting down to the info. He even ends the interviews well.

[@claytonhufford6922]

Badass interview. Well done.

[@Metoo1111]

The market is fixed. LOL. Give it time. These guys are basing things on history when we are now in unprecedented times

[@powerhouse4273]

What an EXCELLENT interview as it relates to the probing questions and top-notch insightful responses without dithering in the asking and answering. A pleasure to listen to.

[@ricoamordavila7496]

Silver in Venezuela is worth a hell of a lot now because their economy is in shambles. Definately more than their currency so yes, history doesn't repeat but it sure does rhyme.

[@BlueFox284]

To think I could take like 5 ASE's and live like a king in Venezuela. . .If I don't get killed first. As I type this, 1oz. of silver goes for VES12,954,755.93 (Venezuelan Bolívar)

[@hannahsilva7443]

@@BlueFox284 but what does that buy?

[@haterzgonnahate8195]

@@BlueFox284 what does this buy brother? House? Apartment?

[@carlsitler9071]

Interest rates under 1% is the central bank saying the government is bankrupt.

[@williamwilson6499]

Guess again...

[@carlsitler9071]

@@williamwilson6499 Brilliant response. Genius.

[@lancealdrich5499]

They say that interest rates will be negative by the end of this year or next year

[@stevehegewald3260]

One of the best interviews I've heard.

[@joshuaisrael2494]

We’re lucky to have David Morgan. He’s is spot on with assessment of Silver. Silver has been undervalued for a long long time. Silver is not an investment but an asset. Even Abraham long ago bought the field with silver. Keep stacking friends, pass your silver onto your children when the time comes. Silver is real money and has always been. Silver will correct itself. Remember: - Gold is for Kings - Silver is for Gentleman - Barter is for Peasants - Debt is for Slaves Good luck. Be well.

[@wenlo5837]

Thank you!! Love silver!!🤍🤍🤍

[@farmerdude3578]

Thank you to both David’s.

[@5magpiesuk]

Thank you AGAIN David. Excellent interview. And thank you David Morgan

[@henryrussell8800]

Silver and gold, according to the constitution and history, is the only thing that is real money.

[@pattykin7667]

The beautiful truth.

[@olecanole8596]

Yet you must pay income tax on gains when they screw up the currency.

[@aarongeorge6233]

The government cannot ever afford to mint their own silver or gold currency ever again. The US is running full speed away from any asset backed currency ever again.

[@KenjiMedia]

Money is lifeforce energy stored

[@Casmige]

The constitution like the bill of rights is simply presently just a piece of paper and a nice sentiment. The fascism of the masks & the forced lockdown prove my point.

[@ResourceTalks]

Solar, EVs, increased demand for new technology around 5G, need I go on? Silver will not only see demand from the investment side of it, but the industrial demand for silver will be exploding as well. Silver shortage will be a reality. Pay close attention to the COMEX 5000 silver futures and the open interest for December. MANY will take actual physical delivery, just as they did this summer.

[@TH-uw9py]

^ This guy's KZbin channel is amazing.

[@ResourceTalks]

@@TH-uw9py thanks, brother! Happy to meet subscribers out here! Kitco has awesome values!

[@arsi89]

Good seeing you brother, keep up the great vids on your channel!

[@ResourceTalks]

@austin rosin well it could mean (not right now, tho) a silver shortage. A situation in which demand outruns supply. That could push silver to the historical GTSR of 30 and push the price of silver up significantly.

[@phildurre9492]

if you bought silver at 11$ it could not go 2 ways...

[@anthonycesario4056]

Good interview. Thank you, Mr Morgan for sharing your knowledge.

[@auzziePRlDE]

Wow what a great interview. Such fabulous questions.

[@misterbacon4933]

Very high quality interview! Great!

[@dariusbrainiac]

thank you both.

[@raqiya5944]

JP Morgan manipulates it, gets caught, and barely gets their hands slapped......

[@Out5Here]

@EaTaLLYouRFisH it’s honestly really sad what these banks are doing nowadays

[@peteforce]

They should have to pay any fine in gold.

[@citylotgardening6171]

Give a man a gun he can rob a bank give a man a bank he can rob the world

[@mrveritas700]

@@citylotgardening6171 exactly...

[@slickrickjones]

I’m a silver buyer. I enjoy collecting/hoarding. In saying that, we’ve heard this same ole spill for nine years, “silver is going boom!” Man, people are sick of hearing that shit. I’ve followed this guy for years, same shit. He or nobody else is going to know when it will happen, if ever.

[@iisaiah1214]

Awesome interview

[@astroboyspacex6319]

Great interview, great questions David Lin. Always worth hearing what David Morgan has to say.

[@greggilmore9284]

Right to the points. Thank you both.

[@RaulSanchez-li4ns]

excellent guest Dave, keep the good work!

[@bgmpt]

Excellent interview. The interviewer knows his stuff. He asked excellent questions and listened for the answers. Wish there were more interviewers like him.

[@Amoreena51]

Great interview, David. Excellent questions.....

[@michaelmoore2362]

This is a top 5 KZbin channel. So informative and for people who follow it faithfully I believe will win huge during this time

[@arlenburgin2392]

Insightful AF. Good interview

[@mattwalters5642]

Really appreciate David's interview style. Ask a sharp question and let the guest speak uninterrupted. Thanks for the great content!

[@zendenbali]

David would be a great lawyer, always conscious of asking the headwind questions (not only tailwinds). Brilliant guy!

[@cryptozuu9144]

Fantastic questions, David

[@robindunn4493]

Best interview on Silver I've heard. Fed up with the Silver is going up but I don't know when question and answers. David has really thought about the questions and I think D Morgan enjoyed answering, instead of the same old same old.

[@terencehuang3616]

Many questions David asked here are so fresh, not a repeat of the same old rot. Great great jobs!!!

[@quebono100]

David, did a really good job. Thank you David for your qeustions.

[@Lion-xp4jh]

.. always fantastic content!! Thank you Kitco NEWS!

[@darryllandry9904]

Wonderful interview. Watching feb 4 2021. Prescient.

[@sayinprince5371]

Been waiting forever for this

[@LindaN83]

Anyone who thinks gold and silver as an investment has gotten it terribly wrong. It’s not an investment, it’s INSURANCE. It retains some value, so when SHTF, or the next fiat currency rolls out, you will be able to convert it to protect some of your wealth. Look at Venezuela and you’ll know what I’m talking about.

[@SportsIncorporated]

You know, I was just looking at Venezuelan stocks today. Banco de Venezuela up 18x. I didn't check to see whether it was a gain or loss after considering the currency. What I found interesting was that people were seeking refuge in the stock market, from currency debasement.

[@daves.9479]

Terribly wrong? More like mere semantics. If the silver I buy today with dollars is worth 2-3x more dollars by 2022, it has obviously been a good investment., just like any other that appreciates over time.

[@juliorosario813]

Actually, it is not an investment and not a security. In turmoil economies like Venezuela, what has worth is assets that can be traded and liquidated quickly and widely, in less than 3 minutes to buy goods or services. What really works on streets is small amounts in $USA in cash and Bitcoin to "buy" this $USA. I feel stranded with my holdings on physical silver. There is not street culture to practically trade it. I carry a couple of ounces of silver around to trade for something and nobody accepts it. Pond shops buy them but at miserable prices like 3-7 $ per ounce

[@daves.9479]

@@juliorosario813 Condolences on feeling stranded. Liquidity is the main reason I prefer silver stocks to the metal, although I do need access to the web to do the sale, and who knows, in a serious meltdown of the US economy, whether the web will be accessible.

[@oliviaeverett8212]

@@juliorosario813 they are accepting silver bars in the Northwest states at gas stations. They check to make sure it is real silver. not counterfeit, weigh it and give you a store credit.

[@StevenSatoshi]

Thanks for the video!

[@p.c.h.6721]

Great interview, right to the point! 👍👍👍

[@jordansuchy3107]

Great interview. Glad I started investing in silver for my future in March. Don’t see it getting below 20$ again with the increase in demand from all sectors of the market. Silver is a main component of the upcoming EV movement. About 10 kilos of silver is used in the manufacturing of a current Tesla model. Stay safe and be kind.

[@voice017]

Better check your numbers on how much silver is in a Tesla vehicle. If there are 10 Kilos of silver in each Tesla, I am going to quit my job & start stealing cars LOL

[@pulsarlights2825]

Gold and Silver are not trades, they are insurance to hold for years even decades. Once you except that fact you will stop looking at the daily price action/charts like a risk asset...

[@well.thy.one.]

Oh i think we all still look at the price action

[@pulsarlights2825]

@@well.thy.one. But that's the wrong way to look at. The odds are I will never sell my gold and silver, my holdings will probably be left to my heirs. Gold and Silver are extremely undervalued, and the only time to unload them is if they become overvalued.....and that could be decades away or longer. It;s more like real estate then a stock or futures trade...

[@julianchamberlain5399]

I dont really go along with that insurance argument. They are investments because more people are turning to the metals and loosing faith in and rejecting governments money.

[@well.thy.one.]

@@pulsarlights2825 yea im pretty much with you, not really planning to sell or convert unless a significant value increase against other assets or if i get in a tough financial situation...all i really meant is that its hard not to follow the dollar price out of curiosity if nothing else.

[@well.thy.one.]

@@julianchamberlain5399 id say they are a bit of both. An investment that happens to likely be great insurance at the very least.

[@mousebillie]

Great interview- thanks

[@hansbass5028]

Thanks david morgan,you cheered me up,logical insightful conclusions! Ive been all in in silver,fingers crossed!

[@fazdoll]

Time Stamps! Thank you David!

[@carllake1]

great interview

[@torceridaho]

excellent discussion. thanks

[@robb5642]

As long as the market is MANIPULATED what's the point of talking about demand, future price or anything?

[@garyl3802]

Absolutely.

[@jnav777]

Same song and dance. EVERY silver and gold channels are pumping the shit out of gold and silver. When they say buy that really means sell. Starting to think they are in cahoots.

[@ImNotStalkingYou]

@@jnav777 Of course they are. Watch Bicks' last video and watch his poker tell when he says there will be zero sellers.

[@jessielundberg6025]

im invested and ill tell you its 100% fake and manipulated.... and volume is 1000% FAKE!!!! on EVERY STOCK PERIOD

[@jessielundberg6025]

but it is possible to make money and " get rich " but its fake asf so be careful

[@vutEwa]

Thanks David and David!

[@Dansgotworms1]

Thank you David job well done.

[@stevewilliams1290]

Excellent questions being asked!

[@PaulEglinton]

David Morgan has unique insights and observations. Thank you

[@leonv8636]

Like this David guy a lot. He seems like he is financial and commodity literate. He knows his stuffs.

[@elizabethevelyn9761]

David is an excellent presenter.. interviewer! Keep up these high standards..

[@legacy554]

This is one of most informative news interviews on our present day economy. How the every day person can see our world, & how to invest, & what to invest in. Thank you. David Lin.

[@996driver1]

Good questions!!

[@TimFlaherty]

I'm a Silver Bull: Its a no brainer

[@Jesus.Eternal]

Do u recommend Bitcoin or not??

[@JamesAnderson-lq8tf]

Absolutely if you have no brain.

[@silverslave333]

@@Jesus.Eternal banksters love crypto

[@remerson4]

Bitcoin is absolutely where it's at you'll be holding metals for years and years waiting for a decent profit, waiting for metals to go up, and they will, they will creep up slowly meanwhile Bitcoin is just going through the roof, with more and more businesses recognising the potential wanting a slice of the huge profit pie wanting to get involved with many people who doubted it just a couple of years ago saying to get on board the Bitcoin FOMO is palpable Sure you can listen to all the dinosaurs who are bearish on Bitcoin but do so at your peril, you will be watching your silver or gold creep up slowly for years to come while BTC goes completely nuts, Bitcoin is the real no-brainer

[@ouwedooz9928]

Just buy gold silver and bitcoin, they all can be seen as hard money

[@DC-ss2qj]

Great questions

[@johnk1321]

Excellent info gentlemen

[@scottcorney3633]

This is fantastic! What a guy!

[@sahil.shaikh_9t]

LOVED THIS

[@jeffsgarage1969]

Thank you David 🇺🇸

[@ComedycopterDrake]

Excellent questions today!

[@toddlee933]

Well done - thanks.

[@KenD67]

nice interview

[@dbanks128]

Eric Sprott says there's literally 8 times more investment grade gold available to buy in the world than silver. That's pound for pound, not dollar for dollar. Let go of your normalcy bias and realize silver is rarer and far more needed in the modern world than gold. This spring, when buyers came in to the precious metals market, which metal was selling out? Gold or silver? If you buy physical, you know the answer

[@quant2011]

Really? There is approx 2 billion oz gold in coins and bars. And 4 billion oz silver

[@dbanks128]

@@quant2011 according to who? David Morgan says there is 500 billion ounces of silver supply. And the reality of the marketplace supports what I'm saying. Were you buying this spring and summer? Ask around if you weren't. Dealers had plenty of gold and were back ordered across the country for silver

[@Growmechanic]

40 % of all gold mined is jewelry.

[@JamesAnderson-lq8tf]

@@dbanks128 If you are including the amount in the ground, no one knows how much gold or silver there is. So yeah you can believe whatever estimate suits your preconceived thinking.

[@dbanks128]

@@JamesAnderson-lq8tf however much is in the ground doesn't come out of the ground at the flip of a switch. What's available today is much tazer than gold

[@angebrowne1730]

Thank you.

[@graceg2716]

Excellent interview! Kitco No1

[@ironworker5792]

Excellent point David, concerning the use of silver by SLR cameras realm back in day. I recall Kodak debating whether to enter the digital camera market, they viewed it as a fad. Drive thru Rochester NY nowadays....

[@TonyL-gw4qx]

What part of the investment demand has surpassed industrial demand for the first time in the last 100 plus years didn’t you understand. There is no risk to silver being replaced by any other metal. Graphene is so expensive it would be many years before they could manufacture it to be competitive with silver at $100 an ounce. Graphene is currently over $100 a gram or close to $3,000 an ounce.

[@desartster71]

David Morgan on! What a treat! A true legend in the silver space!❤️ Big love from England!

[@stevenmccallan9202]

Silver has been getting beaten by Tyson for years but it will have its day and I think that day is sooner rather than later

[@buschfunker1724]

Great Interview!

[@beng2093]

Good questions

[@carlsitler9071]

We love David!

[@NeuroPulse]

Gotta love Dave. Seriously good guy.

[@johngalt2622]

Historical GSR (Gold Silver Ratio) is 1:45. It got down to 1:31 in 2011 when Ag hit nearly $49/oz! But if it gets back to 1:45, Ag should be $43/oz. Central Banks manipulate the precious metals while buying tons of it behind the scenes.

[@gfcardi]

Excellent interview. I somewhat disagree with the final comments about Central Banks' crypto currency--unless I misunderstood, I just don't think that fiat-crypto, unless backed by gold, will have any inherent value and the CBs will simply "print" more of it, leading to hyperinflation. Any comments or explanations (or guesses) as to how that would work would be appreciated. Thanks.

[@ClearOutSamskaras]

When I know what I'm talking about, I never say, "y'know".

[@jeffhalla777]

Make silver a tier 1 asset like gold!

[@daroccot]

Never going to happen. Too much industrial uses.

[@hetman3196]

@@daroccot exactly...people don’t seem to understand that. Gold will always be number one... silver is a must to own also though

[@ThatRandomYoutuber28]

@@daroccot mining ratio of about 8 to 1. Once the common man comes into it because gold to expensive. Game over.

[@Jesus.Eternal]

Silver or BTC? Which is better?

[@silverslave333]

@@daroccot so it should be more valuable than gold !

[@outbackeddie]

How about platinum and palladium? Where are they going?