In our first major interview for the year, Darryl and Brian Panes from As Good As Gold Australia interview David Morgan from the Morgan Report and Advisor to AGAGA.
In our first major interview for the year, Darryl and Brian Panes from As Good As Gold Australia interview David Morgan from the Morgan Report and Advisor to AGAGA. David confirms there is a financial crisis approximately every 10 years. Last time (the GFC) was 2007/2008 - 2011. The clock is ticking - we don't have long to wait for the next one. We also know the FED and Central Banks are out of bullets. They only have 2 tools - Interest Rates and a printing press. Interest Rates at zero are heading north, way north, and the printing press is about to go into overdrive. How would the world cope with 4-5% interest rates? How will the bond market respond to 7-8% inflation and rising? Bond yields need to rise above the inflation rate to provide investors with a return. So where to from here? David confirms that buying the dip will fail this time - prices for gold and silver will just keep going up and it won't be available at any price. A GOLD RUSH is on our doorstep! Central Banks around the world continue to add aggressively to their gold positions. The Reserve Bank of India (RBI) has been on a global gold buying spree, adding 77.5 metric tonnes of Gold to their holdings in 2021. Russia and China have also added significantly to their already strong positions. Why are they doing this - David explains WHY, and if they are, WHY would we not emulate them? The answers to these questions are all provided in this interview.