It is a great question because I too am fascinated with gold and I do
own gold. Gold went up 12 years in a row, which is extremely unusual,
and there has been no asset in history that has seen something like
this. The anomaly in the gold market is how strong it has been—it has
never happened ever—technically, gold was overdue for a big correction.
But the correction should be different from most corrections because the
rise was so different from most rises. I was expecting it to decline
and it has.
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.