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).
Monday, April 22, 2013
Jim Rogers explains the gold sell off
Jim Rogers on the key downward pressures on Gold: - India raised its gold import tax from 4% to 6%, which has limited the demand for gold in the world’s largest market for the metal. - Technical analysts and chartists have been arguing that prices would fall. - The collapse of the Bitcoin over the past two weeks coincides with many of the digital currency’s owners also owning gold. - Cyprus has to sell part of its gold as part of its bailout. source: Business Insider
at 11:32 AM