Tuesday, June 14, 2011

Governments should become net buyers of Gold

For most of the past 20 years, governments have been selling gold. But in the last year or so, they have realised that prices have risen a lot. Governments should become net buyers of gold as they see what I see—paper money being debased, currency problems and inflation. Many countries, including India, have started buying gold. India did a good job by buying gold. - Jim Rogers in money.outlookindia.com

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).