BUY Gold and Silver - Target Price $7,200 oz

[Mr2wings]

Silver to gold ration is 44:1 today 7/25/2011. This guy is BS

[NYWAORCANZ]

@Unlawfulplot

yes, it is Texas

[helsfury]

Please IGNORE this video. The guy doesn't know what he's talking about. Historically, the ration has been 16:1. This means 16 ounces of silver buys 1 ounce of gold. Six months ago that ratio was 72:1, TODAY IT'S 36:1. Meaning that if gold were 7200.00 and ounce today, silver would be around 200.00.............NOT 100.00. Double that at 16:1

That is going by todays gold silver ratio.

Since silver is becoming more rare than gold, silver could easily jump MUCH HIGHER than anyone ever expected.

[kirkpaterson]

@helsfury You're missing the point, this video is not about investing in one over the other!!! It is about the precious metals movement, one of which Kip started predicting in 2003 that has caught a lot of attention in the past year and most people still have no clue why it's taking place. Further many people continue to have belief in fiat currencies and place there savings/investments in these asset classes. Moreover, this is old & now he is calling for gold over $10K and silver over $200.

[cetnik03]

silver will be easey over$500 an oz, then all ppl will go crazy knowing how cheap silver was and they didint do anything.

[MrMick73]

Hurry Folks , Im going to release a Youtube Vid , Gold and Silver just reached 1 Bajillion dollars US per ounce.

[kirkpaterson]

@Unlawfulplot lol nice, when i was there last January I packed for that weather and froze. Silly me! :)

[kirkpaterson]

@Unlawfulplot exactly Houston Texas. Why do you ask?

[orangedac]

i bet you the guys in the video must have been talking about how great owning real estate was back in 2004/5/6.

every bubble has its pumpers.

[kirkpaterson]

@orangedac - Funny you say that, we we're advising our members to get out of real estate in '05. We're anticipating recommending to buy real estate again in about two years. We see Gold and Silver forming a top in about 3-5 years from now. Right at the time when the majority starts to buy. Remember, the heard always get's in late and out late... You need to go against the crowd and be in the 1% to really make it in the investing world.

[orangedac]

@kirkpaterson

Everyone claims they were telling others to get out of real estate back in 2005. But aside from a few, there's never any past video clips of them doing that.

I often wonder where all the financial advisors who advised getting into real estate back then are today? My guess is a good number of them are advising people to get into the next bubble.

I don't claim any special knowledge but I do agree with your current assessment.

[kirkpaterson]

@orangedac lol so true, i haven't found any videos from back then, however i could show you to our written track record. I think when it comes to videos especially on youtube/the net it's only really caught wind within the last two years. Further most financial advisors are just glorified sales people trying to get you to invest your money on their companies behalf regardless if they are invested in that asset or not.

[1changenow]

I have a 24" .999 Gold Chain from Hong Kong 17 yrs ago. It is 37.8 Grams, In weight alone worth $1682.00, So if forcast $7200.00 next few yrs,,< this will be worth about $9771.00 in a couple or few yrs,, ,,, Cool!! Anyone want to make and offer on it?

[kirkpaterson]

@1changenow - you'll be better off to hold on to it and melt it down when the price hits it's target.

[dannydarias1]

I think a lot of people don't use logic when thinking about silver, gold, and currencies. This guy talks like debt defaults are good for gold and silver but I fail to see how. I mean, let's say that the money + credit is 10 trillion dollars. In my view, a good chunk of that money + credit is POTENTIALLY chasing silver/gold, hence, the price should rice with other assets. If we see debt default, money + credit will shrink, hence less chasing gold/silver. Am I missing something here?

[kirkpaterson]

@dannydarias1 What you're missing - paper money use to be backed by gold and it was pegged at $33.00 USD OZ. Thus for every dollar your country printed it needed to acquire more gold to meet the standard. Since than countries with fiat currencies "currencies backed by the paper they are printed on and the government in control" the level of debt has surged. Due to this high level of debt and money without any measurable value, low interest rates and no growth, loans are impossible to be repaid.

[dannydarias1]

@kirkpaterson Right right right. But don't you agree that less money + credit = less gold/silver demand?

[kirkpaterson]

@dannydarias1 I see where you're coming from but it's not that there is less money just issuing debt is becoming harder for countries as their bonds are less attractive. Further rumor has it that gold has been manipulated in the metals future market by 100 times. Thus for every 100oz's there really only exists 1oz! Thus the price will literally almost double overnight when this truth really comes to light. It has been manipulated to keep the USD, stock market & economy look strong!

[09SRILANKA]

Holy sh*t silver at 10-1 ratio of gold I hope so. Looking at 5 year chart for silver it is close to tripple in price to five years ago. If silver doubles in 5 years thats a fabulous return on investments in this great metal. Lets face it what will $50,000 buy in five years? $50,000 of silver purchased now may be worth $100,000 -$150,000 in five years but has the potential to be worth ten times more so $500,000. Who knows but its better than cash in the bank.

[nate6474]

i have a lot of silver bars man i will be rich bitch

[inkey2]

@nate6474 : it is hard to say if you will actually be rich because a"huge" increase in precious metals could very well mean a colapse of the dollar. Yes, an ounce of silver may be worth (pick a price)...$100, $500, $1000 but again it is calculated in near worthless paper dollars.....so a loaf of bread may cost you $1000 in near worthless paper dollars....or....one ounce of silver. It gets a little tricky

[kirkpaterson]

@inkey2 - it's not that tricky as you are seeing bread is increasing and so is gold and silver while the dollar is getting weaker. This is just in it's early stages and why holding money is not actually saving as your money is getting weaker by the day. Turning your money into something that is appreciating will not only see you hold your net worth but increase it and thus be able to by bread for the same value as you are use to.

[masterpatric07]

@nate6474 NLY IF YOU SELL IT AT THE RIGHT TIME.IF YOU MISS THE CHANCE YOU ARE POORER.BE ALERT.

[jeremyelliott1]

I predict 1 oz of silver to be worth more than 1 oz of gold in the near future. Why do I think that, because there is more gold available than there is silver and silver is being used up in the electronic devices we use everyday. Thats just how i look at it. If it was me i would buy silver. Peace

[kirkpaterson]

@jeremyelliott1 - actually gold is one of the hardest minerals to mine out of the earth and there is not much unclaimed gold on the market. Further while silver will increase more than gold on percentage terms it moves with the price of gold and won't climb nearly that quickly.

[FunkSpunkter]

I buy silver just because its shiny and I like to polish and rub it and lust all over it.

[inkey2]

@FunkSpunkter i like to buy silver coins so I can stack them all over my kitchen table and look at them while eating a "ham sandwich"

[wizzkidd180]

I agree that we are in the middle of a Gold bull market!

[carolmortarotti]

Thanks for this great video Kirk. I agree with Kip and am loading up on gold and silver.

[AEKARA27]

LMAO. This guy doens't know what he is talking about. If gold goes to 7,200 it means our financial system as we know it is in ruins. No way then is silver only 100. That is a ratio of 72? This guy knows nothing about silver. Everyone will try to pile in so I bet you anything the ratio will be maybe 20 to 1 but probably more likely 10 to 1 as silver is much more important to major manufactures than gold and they woul bit up the price to get it or they are out of business.

[TruthfulTeacher]

@AEKARA27 I agree, 100%

[kirkpaterson]

Considering almost all the leading world currencies are back buy nothing "fiat" currencies and almost all the leading world nations are in more debt then they could every repay, the financial system as we know it is going to change.

[mkmason2002]

@AEKARA27 You're exactly right! He doesn't know what he's talking about. No way could gold be over 7K and silver stand at $100.00.

[inkey2]

@mkmason2002 : i think you are right...because...when gold starts hitting really absurd prices people will see the great value for the buck in silver, start buying it, and it will push the price way above $100 an ounce.

[kirkpaterson]

@AEKARA27 - 9 months later how do you feel about shooting Kip down?

[MafiaMan103]

cool