David Morgan--When It Comes To Bullion Dealers: Caveat Emptor #3049

David Morgan, author of The Silver Manifesto joined us today. We reviewed the the Northwest Territorial Mint Bankruptcy and its implications for the bullion market. It's always a good idea to split up your purchases and don't put all your eggs in one basket. Multiple dealers are a good idea. At least if you buy on eBay, they will stand behind their sellers and issue you a refund in the event of non-delivery. Now in the wake of NWT's bankruptcy, there's hundreds if not thousands of buyers left holding the bag.

Next we discussed the current state of the precious metals markets. David sees 2016 as a net positive and he believes the real upside action is reserved for 2017. Either, he believes that a bottom has probably been put in, but you never know.