Saturday, December 22, 2012

India & Gold

"India's got a big balance of trade deficit – some Indian politicians are starting to blame it on gold. If they figure out a way to cut or crimp imports of gold – if something like that happens, that will be a big shock to all those bulls on gold and who knows how low it can go." - in CNBC Related: SPDR Gold Trust (ETF) (NYSE:GLD)

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).