1. David Morgan Proprietor of Silver-Investor.com #soundm oneyconf

2. Silver Investor David Morgan Presents …

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5. Silver use continues to Increase

6. Title Medical Uses This silver-imbedded implants Wound dressings Home health (toothbrush) Silver used to coat hospital needles, catheters and breathing tubes is growing. Also: furniture, walls, floors and cabinets.

7. Title Consumer Products Electronics Flat screen TV’s Cellphones, computers, Batteries Soldering (silver not lead based) Clothing Polyester Textiles Home Appliances Refrigerators Washing machine Surface areas

8. Title Solar Power Concentration Silver is being used to coat mirrors that concentrate sunlight as a heat source for conventional power plants.

9. Gold or Silver?

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11. Silver Supply/Demand

12. Global Silver Supply/Demand

13. Silver Mining Increase 2020

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15. Supply growth-Mining Assume a 2-3% per year (?) = 20M ounces per year By 2020 total supply INCREASE would be 150 million ounces (800 million ounces vs. 650 million currently) But just the Industrial demand alone is 230 million! Bottom line 230 million needed annually by 2020 Mining produces 150-200 by 2020 something has got to give!

16. Industrial Demand 2020

17. Title Jessica Cross, VM Group – Great Britain

18. Title Jessica Cross, VM Group – Great Britain

19. Industrial Demand Water/Food Purification to require 100M oz by 2020 Solar Applications 130 M by 2020 Increase = 230M in 2020 This assumes no increase in consumer electronics, electrical power distribution, maglev trains, textiles etc.

20. Investment Demand 2020

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24. Investment Demand 300M to 600M (2006 to 2010) = 14% compound growth Not growing at that rate so far in 2010 Assume 100M in investment demand per year over the next decade (conservative) Bottom line mining increase is 20-30 million ounces per year but investment demand is at least three times greater!

25. Conclusion Something has got to give! Investment 100M annually and increasing? Industrial 230M increase by 2020 Total Increase 330M in 2020 Mining Increase 200 M in 2020(Deficit of ~130M) Will we go back into a silver deficit before 2020 Silver has more favorable dynamics than GOLD This was understood by Warren Buffet, George Soros, Bill Gates, and some of our consulting clients.

26. Where are we now?

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28. GOLD/SILVER -VS- 50 HISTORICAL BUBBLES

29. Title The Ultimate Black Swan Indicator

30. Books -- Books –for further reference

32. WWW.SILVER-INVESTOR.COM VISIT THE SILVER INVESTOR WEBSITE www.silver-investor.com Visit the Silver Investor Web Site www.silver-investor.com

33. Backdrops: - These are full sized backdrops, just scale them up! - Can be Copy-Pasted out of Templates for use anywhere! Title BackdropSlide BackdropTransitional BackdropPrint Backdrop

34. David Morgan Proprietor of Silver-Investor.com #soundm oneyconf