Monday, May 16, 2011

U.S. will have to default one way or another

Jim Rogers, author and contrarian investor, says the U.S. will have to default one way or another
"I still own my gold I haven't sold any gold and if it goes down I hope I'm smart enough to buy some more just like with silver we should watch thestreet.com you know
there you have answers to questions like that , I am not a very good trader I am hopeless short term market timer just some day I say Oh my Gosh I should go out and buy some gold something will be going on or silver or whatever and I buy some more gold ...this time we are seeing a lot of money printing , they are printing staggering amounts of money which leads to more and more inflation , prices are going to go up then we have the problem of the central banks around the world which are printing money which has always led to Inflation ...I know bonds are going to go down eventually and I doubt if I will get the market timing very well but, no, I plan to short bonds. As I say I might go over and do it in a few minutes."
- in The Street.com





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