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).
Friday, April 26, 2013
Gold Is Going To Shake Out The Mystics
"Gold was setting us up for some kind of correction. Gold needed a correction — it still needs a correction — and I hope this is the proper correction which gold needs. Then gold — somewhere along the way — will make a bottom and we can all join in the bull market as it goes higher and higher. Gold has to go a lot higher over the next decade or so, because the world’s central banks keep printing money. Gold is going to shake out the mystics — there are still a lot of mystics in the market."