(Natural News) Precious metals analyst David Morgan, known as the Silver Guru, told the Health Ranger Mike Adams that investments in precious metals can make one “invincible” amid the impending financial collapse.
During an episode of the “Health Ranger Report,” Morgan reiterated that amid uncertainty where systemic risks, bank runs, bail-ins and bailouts are prevalent – Americans need to take defensive action in the form of physical gold and/or silver.
“Regardless of what they put in print or what the law says, we need to take personal action,” he told the Natural News and Brighteon.com founder. He suggested moving excess investments beyond the Federal Deposit Insurance Corporation’s $250,000 limit into something safe, adding that the safest for him “is, of course, precious metals.”
The founder and publisher of The Morgan Report explained: “Gold is money and everything else is credit. So you need a constant – and money is a constant if it is gold, or gold and silver.”
According to Morgan, there is a reason why precious metals such as silver and gold are called “precious.” Gold, for example, is the monetary hitching post of the universe.
“We have a pricing mechanism based on the futures markets that’s highly convoluted because you can create an infinite amount of paper gold [and] an infinite amount of paper silver,” he said. “As long as that system isn’t broken, that infinite supply acts as if it’s real – until it’s not. And right now, we’re probably nearing that point.
Gold investment more stable than pensions
Adams brought up a story from one of his readers. A woman was advised by her state pension fund through a letter that the annual increase of her payout is maxed at five percent annually. “Your maximum lifetime increase from the original base benefit is 80 percent and that has just been reached,” the letter stated.
The Health Ranger lamented: “Here’s a person who’s living on a pension, that right now is about $3,600 a month, which can still buy you something today. But it’s never going to increase – even though we’re living in a highly inflationary environment with more money printing – because of more bailouts.” (Related: Federal Reserve will keep increasing interest rates despite worsening banking crisis.)
Morgan also lamented the widow’s sad situation, recounting a similar situation that happened during the Weimar Republic in Germany. The republic existed from the end of World War I in November 1918 until March 1933, with its end coinciding with the rise of Nazi Germany.
“There was a gentleman that bought a whole life insurance policy. He had contributed [to] this over his lifetime, 30 to 40 years,” he said. “When he went to cash it out, it took more to buy the stamp to send the letter to cash out his lifelong savings than what he had in his life insurance policy.”
Adams remarked that had the widow just purchased gold instead of contributing to the pension system, she would have been sitting on a pile of gold and spending it as needed instead of enduring the heartbreak that comes after being informed that her payouts are never going to increase again.
Ultimately, Morgan remarked that while currency has been destroyed over 110 years ago, it has the same value that it had from that period.
“That’s the purpose of gold. Money is money, everything else is credit – and credit fails.”
Visit GoldReport.news for more stories about precious metals.
Check out the full conversation between Mike Adams and David Morgan on the “Health Ranger Report” below.
This video is from the Health Ranger Report channel on Brighteon.com.
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