Morgan: The Dollar Will Be Destroyed

by | Feb 22, 2009 | Precious Metals

Do you LOVE America?


    Well known silver investor David Morgan, founder of, suggests that we are entering an environment where neither inflation or deflation will be the factors driving the rise of the price of silver (or gold).

    I believe we’re outside of the boundries of inflation or deflation.

    We are, in my view, in a long-term super cycle event that takes place every 200 or 300 years, and that’s a currency crisis. And in a currency crisis, it’s not really a function of whether we are in an inflation or deflation. It’s a function of whether the currency will be destroyed or not.

    I believe we are close enough to the currency of the dollar being destroyed, that people will seek anything of value.

    Many analysts, like Peter Schiff, also believe that the dollar will essentially be destroyed through the forces of hyperinflation. We’ve got Trillions being printed by central banks across the world, so considering hyperinflation, or at the very least, and inflationary currency environment, is not out of the question. Owning tangible assets like gold and silver may prove to be one of the few investments that would survive a complete currency collapse of, say, the Dollar or British Pound.

    David Morgan Interview on Mining Interactice


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.


      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.