Wednesday, July 24, 2013

Bull Markets End in a Bubble

"Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet."

- Source, Guru Focus:

http://www.gurufocus.com/news/222073/jim-rogers-will-buy-gold-aggressively-at-1200-per-ounce