Jim Rogers on The Gold Price Volatility

Jim Rogers : Well if gold were $1,200, I would rush out and put a lot of money into gold. And that’s not such a strange statement, by the way. Many assets go down 40 per cent or 50 per cent over a year or two period. That’s not unusual at all. In the 70’s gold went up 600 per cent, went down 50 per cent – scared everybody out. After everybody got scared and sold, it went up 850 per cent. That’s not unusual in markets. So if gold went down a lot, I’d buy a lot more. If it went down, I don’t know, $1,500, I’d certainly start buying. If it went to $1,400, I’d buy more and if I was still solvent at $1,200 or $1,100, I would buy a lot more. - in the street.com