On a recent episode of the Money Metals podcast, host Mike Maharrey interviews David Morgan, publisher of The Morgan Report and co-author of The Silver Manifesto, after a volatile stretch in precious metals. Morgan is calm about the turbulence and quick to stress discipline as much as data.
The conversation ranges from portfolio construction and the gold–silver ratio to physical market squeezes, refinery flows, and what the Federal Reserve’s latest moves mean for the dollar and bonds. Morgan offers numbers, thresholds, and a framework for thinking about value versus price.
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