Precious metals strategist David Morgan with over 40 years of experience reveals why central banks are hoarding record gold and silver reserves amid a crumbling US dollar index at multi-year lows, forecasting a monumental monetary regime shift that could drive gold prices to $20,000 per ounce to match 1971 purchasing power while silver surges on industrial shortages, BRICS strategic stockpiling—including Russia’s 535 million ounce addition—and a potential gold-to-silver ratio crash below 70:1; Morgan dissects COMEX inventory myths, ETF paper vs. physical rotation risks, top-5 mine supply shocks equaling 25% of global output, and age-based portfolio strategies urging younger investors to stack affordable silver now before FOMO ignites a manic bull phase in 2026 and beyond.
Website:https://www.themorganreport.com/

🗓️ Recording date: November 6, 2025

📖 Chapters
00:00 Intro & Disclaimer
01:00 David Morgan Welcome
01:40 Q1: Dollar Lows + Central Bank Buying Gold & Silver Outlook
02:25 A1: Retail Sells, Institutions Load Up; Refiners All Commercial Bars
04:43 Q2: COMEX Stocks & Physical Transparency
05:13 A2: COMEX High 170M oz, LBMA Tight; Real Shortage Off-Exchange
07:53 Q3: ETF Paper vs Physical Rotation
08:17 A3: No ETF Buying Despite Signals; Physical Shift = Price Surge
11:04 Q4: Top 5 Mines = 25% Supply Geopolitical Shock
11:36 A4: High Demand + 1-2 Mine Loss = Rapid Spike
13:25 Q5: Gold Price for 1971 M2 Parity
13:33 A5: ~$20,000/oz
13:44 Q6: Gold-to-Silver Ratio Future
13:44 A6: 70 60 30 in FOMO Phase
15:11 Q7: BRICS Silver Stacks Russia +535M oz
15:29 A7: War, AI, Industry; Not Monetary Yet
18:57 India: Solar + ETF Demand
20:00 Q8: Gold vs Silver Allocation by Age
20:00 A8: Older Gold; Younger Silver; DCA Now
22:06 Follow: themorganreport.com
22:25 Closing