The Silver Manifesto

by David O. Morgan, Chris Marchese, Eric Sprott (Foreword)

A detailed examination of an incredibly under-appreciated asset class, Precious Metals, notably Silver. The book takes an in-depth look at all aspects of the silver market including but not confined to: (i) A monetary history of silver, dating back well over 5,000 years ago with the advent of handwriting or corresponding journal entries up through the Revolutionary War. The second chapter examines the monetary history of silver in the U.S. since its founding on a silver standard. The supply and demand aspects are examined and forecast over the next several years, focusing on a few things including new and novel uses of silver in industry, "Peak Silver" etc. Next we delve into how the banking system works, particularly fractional reserve banking and the accompanying journal entries. Maturity mismatching and Phases of Inflation are also discussed. Fractional Reserve Banking is then applied to fractional reserve bullion banking as part of market intervention in the silver and gold markets. This is all necessary to understand and comprehend Austrian Business Cycle Theory (ABCT) developed by Ludwig von Mises. It is followed by another chapter which applies this theory from the the late 70's to present day. The Debt (and Derivatives) bomb is next, with an in-depth look at all the major world economies and the Total Debt/GDP ratios, in addition to holding hundreds of trillions of derivatives and over 80 trillion in unfunded liabilities. This is then followed by How to Build a Precious Metals Portfolio and How to pick a mining stock. The book concludes with the heartfelt chapter "Beyond Silver"

401 pages, Kindle Edition

First published April 28, 2015

Reviews

[Wesley Dietz · Rating 5 out of 5]

Lots of good info here. Not just about silver, also mining stocks, royalties, and precious metal streams.

[Gijs Limonard · Rating 4 out of 5]

Great read, the author makes his case for the value of silver convincingly, in addition lots of handy tips, tricks and insights; at times a bit too heavy on the technical side of investing for the general reader; recommended reading; on the subject be sure to also check out; The Great Silver Bull: Crush Inflation and Profit as the Dollar Dies and Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future.

[Sebastian Müller · Rating 5 out of 5]

Brilliant, complete, useful.

The book covers all the key points of the Silver Market. If you make your homework, and you see how the financial system is currently, how it has evolved in the past you will see that Silver is about to have the Bull run of our lives.

To understand better, read the book, research, and if follow the logic, you might change your life.

[David Searle · Rating 3 out of 5]

Too technical for me

This is an important book and one which explains what the schools do not about the way the world is run by greedy elites who despise humanity and how we can save ourselves. I found it too technical but nonetheless would recommend it...