“The greatest economic crime ever committed is OTC derivatives. Those that proffered these will have killed more people than most wars.”  Jim Sinclair

 

Your editor speaks around the world on the silver market, but the core story usually involves why both silver and gold are so essential for investors in today’s economic environment. In several of my presentations I have started my lecture with a film clip from a docudrama titled, “The Man Who Took Great Britain Down.” This hypothetical situation revolved around the massive amount of derivatives in the world and the potential for causing financial difficulties in the future, beyond what has ever been experienced in human history, due to a default of a major investment bank betting the wrong way on the price of oil.

This hardly seems far-fetched under the present financial conditions. Mr. Jim Sinclair is well known and well followed; he was known as “Mr. Gold” in the previous gold bull market and did call the top probably better than anyone in the business. I agree that the derivative markets are a major factor in today’s financial crisis.

We received a call from one of our colleagues, that told us of a new silver recycling process which will substantially increase the yield. We did a mining company review of most of our holdings,an interview with one of the most successful silver miners in the industry which just happens to be the most under valued primary silver producer we know about. Yes, we did recommend purchase, but many Morgan Report readers probably own it already. We gave two super speculative ideas for very aggressive investors and finished the report with several letters to the Editor.

The Silver Investor
 

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