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This interview was filmed on December 12, 2022.
As precious metals wrap up a lukewarm year, what’s the outlook for silver and gold in 2023?
David Morgan, publisher of the Morgan Report, said he expects next year to be good for silver, but not great. He sees the white metal getting above the elusive US$30 per ounce mark, but pointed out that it could face obstacles.
When it comes to gold, Morgan spoke about central banks, which he said want to transition to a new digital financial system, but at the same time have not held such high amounts of gold in their vaults since 1975.
#Investing #Silver #Gold
0:00 – Intro
0:28 – Decision point coming for investors
2:20 – Central banks prepping for new digital system
7:43 – “I still … believe that the metals will make a run”
13:10 – Silver demand far outpacing supply
17:15 – David’s silver price outlook for 2023
24:30 – We’re in a recession, depression is next
27:23 – Best 2023 advice, silver misconceptions
33:35 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.