Economist David Morgan of The Morgan Report is one of the world's best known silver investors. In the following interview with Future Money Trends Morgan discusses his personal experiences during the last major run-up in gold, when it hit a price of $850 in early 1980. As Morgan describes it, there was significant panic buying during that time period, and should central banks and governments continue on their current course, we'll see a similar endgame play out this time around:

What's good for gold is the end of empire… And we've got governments that are failing… When these bond markets blow up further, that's when you're going to see a run to gold than we've already seen…