Rogers Sees Gold Going To US$2,000 December 05 2014 Jim Rogers is a legendary investor who co-founded the spectacularly successful Quantum Fund in 1973 with George Soros. Rogers was in Australia recently and explained to ABC Lateline Business why he is so convinced about the future of farming, commodities and gold. https://www.youtube.com/watch?v=oW403uYOYRI
He wasn't very committal on it time-wise though. What stacker is going to be excited by gold at "$2,000 over this decade, no question" A quarter of us'll be in nursing homes or dead. He seems to see it mostly in the context of a general commodities price inflation - that doesn't look imminent. I get the vague impression from his utterances that he doesn't relate it to a broad currency crisis and reset la Jim Rickard and others. But he's so inexplicit it's hard to know.
As Jim ages, I think he's getting a little less adventurous with his famous calls... so that's the impression that you might have got from his interview.... But, clearly he says that if and when the prices drops, he would be buying more... so, the last drop, back in November, if he's really putting his money where his mouth is.... he would have bought a heap of it..... Maybe the Singa weather got him a bit more conservative ?
He's always put a $1000 mark on him buying more gold as it would constitute a 50% correction. That's what he has said in previous interviews.
