I think there will be a better chance to buy gold later. I own gold, I
have not sold and I am not selling any of my gold. I hedge some of my
gold. I think there will be a better chance to buy.
The indians who are the largest buyers, or have been the largest buyers
of gold in the world, indian politicians are doing their best to stop
indians from buying gold. They have been very successful in the last few
months.
Worse than that. The indian politicians are now trying to make indians
sell their gold. many of the indian temples over the last few centuries
have built up huge stock piles of gold. Now the politicians want them to
sell it. If those indian temples start selling gold, who knows how low
will it go.
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%.
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| Jim Rogers |
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