Next Stop: $2,200 – $2,400

[Asheron]

The move of Gold above $2,000 will vault Silver over $50 – a level it has not been able to breach and hold – ever. As Gold sprinted past it’s all time high of $800 quite some time ago, Silver has yet to do so. Once punctured, the $50 price will give way to $60 and $70 as Silver plays catch up to Gold. We got into Silver originally (and very publicly) at $9 (and Gold at $400) advising anyone looking to survive this bankster nightmare to have 90% of their investable assets in Gold and Silver – and we’ve held our positions ever since. No change in our position. The ultimate target price for Gold is still $10,000 and for Silver $500. There are more than 1500 billionaires in the world who control many, many trillions in assets – of which less than 2% is held in precious metals. All 160,000 tons of above ground gold is worth about $9 tr. All the above ground silver of 1 bn. oz. is worth about $31 bn. If the global billionaires increase their portfolio percentage holdings of precious metals – even up to just 15% – we’ll reach our ultimate price targets.

http://www.kitco.com/ind/Aden/20120823.html