"I don`t think the bull market will end in gold. What I said was that normally all assets correct 30 or 4 percent every year or 2 or 3. It`s just the way the markets work. Gold has only been down 30 percent once in the past 12 years and even then it ended up for the year. This is extremely unusual for any market.
So, what I said was, that if gold were to correct 35 or 40 percent it would go to 1200. Gold needs to correct it`s supposed to correct every 2 or 3 years. It has not, which worries me. If it did, I hope I am smart enough to buy more. It should but it does not mean it will. It may go to 2400 before it goes to 1200."
TRACKING THE COMMODITIES VIGILANTE AND AUTHOR, JIM ROGERS AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Thursday, March 28, 2013
Monday, March 25, 2013
Agriculture Industry King
- Source:
Tuesday, March 19, 2013
Politicians Are Debasing Our Currency
"Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way."
- Jim Rogers via a recent CNN interview:
Friday, March 15, 2013
Everything Has Problems
"I own gold and silver and precious metals. I own all commodities, which is a better way to play as they debase currencies. I own more agriculture than just about anything else in real assets because of the reasons we discussed before. We were talking before about the risk-free or worry-free investment. Even gold: the Indian politicians are talking about coming down hard on gold, and India is the largest buyer of gold in the world. If Indian politicians do something -- whether it’s foolish or not is irrelevant -- if they do something, gold could go down a lot. So I own it. I’m not selling it. But everything has problems."
- Jim Rogers via a recent interview with Peak Prosperity:
Wednesday, March 13, 2013
We're Wiping Out The Savings Class Globally
- Source, Peakprosperity.com:
Thursday, March 7, 2013
Wall Street is Doomed
- Source, Reuters TV:
Friday, March 1, 2013
The Time Jim Rogers Got Wiped Out
"Jim Rogers stopped by Business Insider to talk to us about his new book "Street Smarts." He talks to us about a moral dilemma he faced at Balliol College that was similar to the one he faced with George Soros at the Quantum Fund. He also tells us about the time he thought he was going to be the next Bernard Baruch (legendary American investor) but ended up getting wiped out instead, and why that lesson was so invaluable to him."
- Source, Business Insider:
http://www.businessinsider.com/jim-rogers-on-when-he-lost-everything-2013-2
Subscribe to:
Posts (Atom)