Jim Rogers, Chairman, Rogers Holdings in an interview with ET Now talks about emerging markets, commodities as a space, Chinese property bubble and the expected economic slowdown. ( Watch )
Let’s start of with gold first because gold is back clearly at new highs. Where do you see it moving from here and more importantly, what are the factors right now dominating this move? Do you think it is a safe haven buying or it is the dollar movement or the Eurozone crisis which is still playing out?
It is all of the above. People in times of crisis frequently throughout history have looked for gold, not always but sometimes and that seems to be what is going on now. You have central banks which used to sell gold are now buying gold and you have massive amounts of people around the world clutching for gold, paper money everywhere is suspect, paper money everywhere is being debased.
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