How to Invest In The New Precious Metal Tech Discovery | Cashflow Hacking
David Morgan, Founder of the Morgan Report, joins us on the podcast to discuss the new technologies that are changing the face of the silver and precious metal mining industries. David is recognized as an industry expert in the precious metals field and has helped thousands of investors to profitably invest in physical gold and silver. The Morgan Report has been featured on some of the biggest names in financial news, and now David shares his experience with us on how to invest in precious metals wisely in 2018 and beyond.
This is the Finance & Markets Cashflow Hacking Podcast, streaming to you live teaching the methods behind unlocking long term wealth, your host Casey Stubbs.
Casey Stubbs: 00:27
This is Casey Stubbs from the Finance & Markets Cashflow Hacking podcast here today with David Morgan, the founder of the Morgan report. Hi David. Thanks for being with us today. David, can you tell us a little bit about yourself? Give us some of your background.
David Morgan: 00:43
Well, it started me on my favorite topic. Me. Oh, my background. I’ve always been interested in money. If you read my first book, the skinny on silver investing, I talked about an 11 year old kid and seeing the quarters I was paid as a weekly allowance go from 90 percent similar to what I call the Johnson slugs. So that kind of piqued my curiosity. I didn’t make a big deal of it, but it sort of stayed with me. I went through, um, you know, high school, scored really well with me. She went to cal poly, San Luis Obispo degree in aeronautical engineering, worked in the aircraft industry for a brief stint, went back to school, got a bs in finance economics, and pretty much been in the, uh, in that genre for quite some time. Work for certified financial planner for awhile. Worked actually at a coin dealer for a very small amount of time. I did my own research, traded for a living, came out on the Internet and about 98, uh, not under the, a domain that I have now, but I started writing on the Internet and basically built the business of a financial newsletter service that’s a electronically based on the Internet.
Casey Stubbs: 01:54
So you’ve been on the Internet since 98. That’s, that’s practically an internet pioneer a how
David Morgan: 02:02
My favorite topic, but I mean there’s back in the days where you got to see prompt and yeah, all that were available were a bbs is there’s a group called little bolts and board things and are very difficult to navigate the internet at that time. I mean, it was, it took a little bit of, you know, computer savvy. Not that I’m that much of a computer geek or anything, but as an early adopter it was much, much different than when netscape came out. I built my whole website, you might call or maybe be web pages, a better reference all by myself. And I was one man show for him for awhile. I mean for probably the first year, year and a half. And then I hired a bruce who’s still with us, uh, with the company. But anyway, I digress. But it was very challenging in the beginning. Very few people know that because most people came on later than, you know, myself and the early adopters. But it was not an easy thing. There was no such things but web browser back in the day.
David Morgan: 03:00
with Netscape, you probably had to actually code the website with html, right? No. Um, well actually, yes. My next door neighbor was one of the, uh, geniuses in one the big games in those days back in the early, late 99, 2000. Anyway, he would come over at night and he showed me a few things here and there. And uh, you know, I kind of don’t learn by trial and error.
Casey Stubbs: 03:27
Yeah, I actually had, um, a little bit younger than you, but I actually had, I had my first website in 96 and it was a video game website because I was like 19 and um, my brother would program video games and then I would try to market them on the web and I’ve kind of been hooked on Internet stuff ever since. But uh, so since you’ve been online, has that been a, as an early adopter, do you think that helped you get established with your business online early on?
What Are Considered Precious Metals?
David Morgan: 03:59
Absolutely. First of all, silver Sorta my specialty, and there are a lot of gold newsletter writers at the time and I specialize on silver. Although the Morgan report, I want to be very clear. The longer players covered all a resource sector from day one. You looked at cobalt way before it was popular, rare earth elements, energy is et cetera. But it had the domain, silver dash industrial [inaudible] and I would say without the, probably wouldn’t be able to start the business because prior to the Internet you had to buy like an expired list from somebody that was prominent in the newsletter industry. And then you would have to do a really great ad copy, hard copy, snail mail letter sending out 200,000 people. Hope you gathered [inaudible]. I don’t want to Belabor. This was very tedious, very expensive. And you usually lost money like three years in a row.
David Morgan: 04:49
But on the Internet I just sat there basically for six months and one day I got a call from a guy who says, you know, it’s a silver guru, which is totally cheat myself or anything. But that moniker