Friday, April 26, 2013

More Money Has Been Lost in Buying Gold-Mining Stocks Than Any Other Sector

Jim Rogers : ‘Some of the gold-mining stocks are extraordinarily beaten down. Many of them deserve to be beaten down. I think more money has been lost in buying gold-mining shares over the past 100, 150 years than any other sector, including airlines and railroads. If you know the right ones, or right one, buy it, or them — because somebody will make a lot of money.’ - in Money Australia

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).