The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt

Jim Rogers :It is (what Venezuela has done ) certainly significant especially if they (the banks ) find out that they do not have it , it will be quite a turmoil if all of sudden the banks will say we do not have all that gold we do not find it because you know a lot of gold has been mixed with other gold it might just mean more and more people do want to hold their gold in their own hands , I would suspect so , we are coming in more and more turmoil more and more banks will be going bankrupt and The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt or which has to suspend redemption , so I suspect you'll see more of it

Jim Rogers is a bestselling author, financial commentator and successful 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).

I do not like to sell something short unless it is unbelievably expensive.

Jim Rogers : I don`t like to sell something short unless it`s unbelievably expensive. And I mean unbelievably. I`ve shorted lots of things in my life that were expensive, only to see them get more expensive. I n my early days on Wall Street, I learned one of my greatest lessons about market hysteria when I shorted University Computing in 1970, selling it at 48 USD and waiting for it to descend. I ended up covering my shorts when the price hit 72 USD. University Computing proceeded to go up to about 96 USD - and then plummeted to 2 USD. I was right to short the stock, but I still got wiped out, because at the time I did not have the guts or the money to stick with my convictions that the stock was way overpriced. - in Hot Commodities








Jim Rogers is a bestselling author, financial commentator and successful 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).