Tuesday, July 5, 2011

Silver is not in a bubble

Legendary investor Jim Rogers chairman of rogers Holding said that he is worried about the silver parabolic move upward : "I hope something stops it going up. All parabolic bubbles pop. All parabolic moves end badly. Maybe the U.S. dollar becomes confetti and silver goes to $150 — that would be a U.S. dollar collapse." He said

“I’m worried about silver,” he said. “If silver continues to go up the way it has been in the last two or three weeks … then it will get to triple digits this year,” he added.

“My hope is for silver and gold and all commodities is that they will continue to go up in an orderly way for another 10 years or so … eventually the prices will be very, very high,” he explained

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).