Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.
Monday, January 16, 2012
I am Not Selling Gold by any set of imagination
Jim Rogers : I do not know. I own gold and I am not selling gold by any set of imagination. Can they do 20% again? Well of course it can do anything, but that would be 12 years in a row that gold would be going up and that is very unusual in any asset as you will know. It would not surprise me if gold continues to consolidate. Maybe by the end of the year, it will start rising again and maybe even have another up year in 2012, but gold needs to continue to consolidate. I own it. I want it to consolidate. It will make it much much better in the ultimate bond market much longer and much higher.