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David Morgan: If there's only one thing I could teach you about the upcoming silver
bull market, it's this: Ninety percent of the move comes in the last 10 percent of the
time.
And, factually, I don't know if that's true. What I do know is that it is true from the
last bull market. And what we also know is it's true from past markets; bull markets.
All markets go from undervalue to fair value to overvalue. But I'm getting ahead of the
story.
Think about that statement. Would you be happy to capture 90 percent of any market move?
What this means is you could be waking up right now to the precious metal story and
build your wealth, even starting after what appears to be a 10-year bull market and a
long, long two-year consolidation.
What if the entire precious metals market, that averages 17 years, is about 12 years
into the cycle with five years to go? And perhaps the last year making, perhaps, 90
percent of that move? That's a full four years from now. If the last year or so, this market
is the most explosive, and gold explodes, are you ready to take those gains? And if
you were, how would you feel at the end of that year?
Now, is the market really gonna make the major move in the last year? Probably not. However,
the more you know about the facts, the better you're able to prepare yourselves for what's
coming.
Take a look at the past. Look at the housing bubble. The most excitement, largest gain,
happened going into the top. And then a few months later, after the move peaked, houses
dropped.
Think about the technology bubble. How about the Japanese stock bubble? Or any other market.
This is simply market behavior.
However, this time it's different. Why? Certainly, you've heard that statement before and it's
almost always proven to be wrong. But it's different this time because it's not being
a smart real estate investor or understanding technologies; the best sector to be in. Or
understanding the growth cycle, that the Japanese have something over the Americans or any other
market.
This one's gonna be different because it's for one reason and one reason alone: that
it's a word I seldom use and that's "fear." Yes, you heard me right. Fear. There is going
to be fear throughout the world and it will be concerned with a lot of things, primarily
money. Money for retirement or your pension or your employer or the government. Concern
of the dollar or the euro or the yen or any government script or currency will not be
worth tomorrow what it is today. Worried that the system is truly cracking up and the plans
you made based on solid evidence a decade ago are now invalid and you need to take action
yourself, put real money in your own hands, instead of relying on your financial planner,
stockbroker, defined benefits package plan, pension, or anyone else outside of yourself.
In other words, governments at large or any of the quote-unquote "system" to take care
of you.
When that shift in psychology takes place, what I call the tipping point, when just enough
people on a global basis say, collectively, "We're mad as hell and we're not gonna take
it anymore." And they're moving into the precious metals because they understand one thing and
one thing only: They can trust them. There's no confidence game. There's no con game. Once
that happens, look for a buying frenzy. And that buying frenzy will be like none other.
You've probably heard the expression, "There's no fever like gold fever." This may be true,
but bear in mind there is nothing that comes close to a silver bull market. Silver shines
the light of truth about the corrupt financial system better than gold, and the reason being
is that more people own it and it means it's more steady via the people. They understand
the dynamics of the silver market. And, of course, we're talking about a very few, very,
very small minority of the people. But it doesn't take a lot more to move into this
market.
So, how high could silver go? As we brace ourselves for the final chapter in the U.S.
dollar as a reserve currency of the world, let's take a look at history. In the 1980s,
the nation was still reeling from the Carter-era inflation and investors were buying up precious
metals. Silver peaked at about $50 an ounce. Adjusted for inflation, using CPI numbers,
that's about $143 today.
There's still an opportunity in the market, even at $30 silver. Why? Because if I'm correct
and the majority of the move lies ahead, if you didn't capture that run from 5 to 30,
and you're willing to buy at 30 and it goes from 30 to 300, as an example, I think you'd
be quite happy with that kind of return.
Buy real. Get real. Be real.
Silver-Investor.com