David Morgan: gold is not just a commodity. It is money.
Episode 132: Félix Moreno talks to David Morgan, publisher of The Morgan Report and the proprietor of silver-investor.com (www.silver-investor.com). They discuss the bond bubble and the coming collapse of fiat money, the difference between “paper gold” and physical precious metals, fractional reserve in gold markets, the price of gold and silver and why gold is not just another commodity, but rather a monetary metal. They also talk about central bank gold reserves — particularly those of Germany and China.