Friday, January 10, 2014

Gold May Bottom In 2004

There are simply too many mystics in the market who are convinced that gold simply can not go down. This reminds me of the Internet bubble back in 1999: there were many people who were convinced that the Internet is the future. And it was actually the future. But that does not mean that the stocks couldn’t collapse. Gold is going to be great over the years. Maybe 2014 will be the year in which all the gold faithful disappear from the market and Gold makes a bottom. Then it is time to stock up on gold and precious metals.” - in jimrogersworld

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).