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Jim Rogers Still Thinks We Shouldn't Sell Our Gold

July 03, 2013 | About:
Canadian Value

Canadian Value

113 followers
Rogers joins the video below at the 12-minute mark for an extended discussion.

He still thinks that gold is in a long-term bull market despite the recent huge collapse. He expects that gold will continue to fall more, but once it bottoms it is going to soar higher again over the long term.

While gold is now below the cost of production Rogers doesn't think that means an immediate bounce back because it is hard to shut down mines to reduce production.

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Canadian Value
http://valueinvestorcanada.blogspot.com/

Rating: 2.0/5 (2 votes)

Comments

zuo
Zuo - 1 year ago
CNBC 29 Dec 2011

http://video.cnbc.com/gallery/?video=3000064829 Jim rogers we spoke to him on fast money yesterday, a led legendary commodities investor said he sees gold falling down to $1,200 an ounce and at that level he would buy more. he is long gold for a very long time. he would not sell gold on this pullback, but he would simply hold on and buy more when it gets to that level.

sean.rohan77
Sean.rohan77 - 1 year ago
Or, wait until it hits $900. Not out of the question, imo. When that happens, come sell my your gold.

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