Sunday, July 8, 2012

Jim Rogers: The Huge Gold Sell-Off Might Only Be Halfway Done -Business Insider

Commodities guru Jim Rogers believes the current 20 percent correction in gold prices could continue for a while longer.

In an interview with published on, Rogers said the time for investors to jump back in to the metal is unknown for now.
"I've actually owned gold for longer than 11 years. I'm not buying now. Gold went up 11 years in a row, which is extremely unusual for any asset. I don't know of any asset in history that's gone up 11 years in a row without a correction.
"Corrections are normal and are the way things should work, the way things do work. Having said that, I don't know when the correction will stop. It's normal in my experience for corrections to go down 30 or 40 percent. It's just the way markets work."
But none of this means that you shoudl short gold either
I'm certainly not selling my gold, because I suspect gold will be much, much, much higher over the next decade.

View the original article here

Jim Rogers

Warren Buffett

Nouriel Roubini