Monday, November 4, 2013

A gold buying chance is coming

Mr Rogers talks about the yellow metal Gold:
"I expect I might get another chance to buy more gold in the next year or two, so I'm waiting. But I'm not selling what I have, and I expect gold to go well over $2,000 eventually."

On the reasons for why we may see short term weakness in gold:
"India is the world's largest consumer of gold. It's their second-largest import, after oil. They can't do much about oil, but Indian politicians are blaming their problems on gold, and they keep putting taxes and restrictions on gold imports."

Jim Rogers

Warren Buffett

Nouriel Roubini