JIM ROGERS : Yes and no; it depends on which day you’re talking about. I own gold and I’ve owned gold for many, many decades. The situation with gold, gold went up 12 years in a row and Nancy, I know of no asset in history that’s gone up 12 years without a down year, so the anomaly has been how strong gold was, so gold is now correcting. In my view, the correction will be an anomaly too, because of the previous 12 years, so I would suspect you’ll gold have correcting for a year…two….three, I don’t know how long, and how low it will go, but it’s not going to be normal. There’s still too many people who believe and not enough people who’ve given up on gold yet. So I own gold. I haven’t sold any gold. Every once in awhile when it’s down, I buy more. But the bottom, I don’t think is in. The final bottom is not in yet.
in The Money Show Interview Click here to watch the Full Interview >>>>>
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
