Thursday, December 1, 2011

Jim Rogers reaffirms love for gold, not selling now

NEW YORK (Commodity Online): Jim Rogers once again affirmed his love of Gold and indicated that if prices drop to $1200/oz, he would get extremely excited.

In a recent interview with CNBC, Rogers says, "Somewhere down the line gold will have a correction. Gold will continue to do what gold does best. Just give it a chance. I own gold and I'm not selling my gold”

He stated that if he had to buy a precious metal today, he would consider Silver since it is 40% below its high whereas Gold is trading just 20% off its highs.

Rogers has been a staunch believer in the potential of gold prices and has often publicly stated that one should hold gold and silver in these times of economic crisis. He also believes in the opportunity that lies in Agriculture.

Jim Rogers was the co-founder of the Quantum Fund and is also the creator of the Rogers International Commodities Index (RICI).

Jim Rogers

Warren Buffett

Nouriel Roubini