GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Saturday, March 24, 2012

Jim Rogers : Gold is taking a well deserved rest but is not in a Bubble

Jim Rogers : Gold is certainly not in a bubble , if something is in a bubble everybody is buying it and I suspect you know very few people who own gold , if you walk around the streets in America hardly anybody owns gold , it is not in a bubble , that does not mean it is not going to continue to go down , gold has been up eleven years in a row and that's very unusual for any asset anywhere in the world throughout history , so gold is taking a well deserved rest it could go down 30 , 40 percent ( it went down 9 percent since February ) it could go down a significant amount , in the 1970s gold went down 50 percent and it scared a lot of people out then it went up 850 percent that's the way markets work , if people do not understand that about the markets they should not be investing , gold could go significantly down and if it does I hope I am smart enough to buy more - in Capital account interview
Click here to watch the full interview>>>>>

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