One down year and all kinds of investors are fleeing the "safe haven" commodity/currency.
What confuses me about the gold decline is that all of the forces that should push gold higher (easy money policy) have only gotten stronger in 2013. If anything, the investment case for gold is better than it was a year ago.
Jim Rogers spoke to Fox Business news about gold. He owns gold and says he is not selling.
Rogers says the currency debasement that is going on around the world is unprecedented and that it has to end badly. That is why he is sticking with his gold.