“I was there pounding the table when silver was at the lowest inflation adjusted price it had been at in recorded history. And nobody was paying attention. I shouldn’t say no one – Warren Buffet was paying attention – he had bought in that range, and Bill Gates, he bought a great stake in in Pan American Silver, and like him or not, George Soros started Apex Silver Mines – so you know the billionaires were buying, not the millionaires, the billionaires. But the general public was a big ho-hum – Silver had been under $5 in a 20 year bear market, why would I buy something that is at the lowest price it has ever been – which proves my point – people don’t buy bottoms. So it takes a unique, maverick type of thinking, outside the box type of thinking, even in the space we are in of contrarians – it takes a contrarian within the contrarians to do it.

I think it’s a tremendous opportunity, especially on the mining shares side – we’re at a level that is a once in a lifetime opportunity. Opportunity, but we need new people in the sector. How does that happen? I don’t know. But with the internet, the right interview, the right whatever- maybe when Yellen comes in office, I don’t know – there could be, could be, not would be, could be a triggering point that something happens in the administration, something happens on the war front, something happens at a major bank, something happens in the stock market or bond market, I mean all of these things are interconnected and tied together. And there could be a trigger event that has nothing really to do with the silver market- that frightens people or elates them, maybe it’s a new technology using silver in a battery – I don’t know – but all of a sudden the consciousness shifts quickly- and there’s a big move into it and once that momentum starts, once that spark is lit, especially in silver, NOTHING can move like the silver market, it will ignite and take off.

Now am I forecasting that to happen? No I’m not. I think we’re in a re-building process […] that ignition I just described, that WILL happen, probably at the end of the market. But there’s no reason to rule it out completely. Because if there is one thing that we know about capital markets and investing is, it’s human activity. And human activity CANNOT be predicted.”

….to read the entire interview with David Morgan go to Are we Seeing a Squeeze Now on Silver Supply? Vanessa Collette interviews the Silver Guru David Morgan at the 11th Annual Silver Summit

….to watch the interview go to: