Gold could fall to $1200 says legendary investor Jim Rogers : "If Gold goes to $1200 say I hope I am smart enough to buy a lot more gold , that's not a prediction but it is not a surprise Tara most assets correct 30 or 40 percent during the course of any year or two , gold has not had a serious correction in a long time , it's up eleven years in a row that's extremely unusual for any asset so Gold is due for nice correction " Jim Rogers told Reuters
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a correction does not mean end of bull market ... gold will go much much higher !
ReplyDeleteThe headline is misleading. Clearly the fundamentals are still there for precious metals. He wouldn't be looking to buy more gold if he thought it were in a bubble.
ReplyDeleteWhen we think about bull market one must think about the increase in population and supply of gold.........India and China are among the most populated and the big consumer of gold so correction is the buying opportunity ......
ReplyDeleteIt's true that assets, across any class, don't generally appreciate every year for a decade. However, gold is not only an asset, it is a currency. So, you could also say that, generally, currencies world wide don't devalue or inflate every year for a decade either. But guess what?
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