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.
Monday, March 10, 2014
There Are Still Many Mystics In Gold
"Gold is still going down. India was a much bigger buyer than anyone
else – so obviously when you take out demand from the largest buyer of
anything, it causes a correction. That’s what been happening. Nothing
unusual about it.
At the same time, many speculators and investors were cutting back after
the 12-year bull market. That plus the Indians overwhelmed Chinese
I still am not buying gold in any big way yet, because there are still
too many mystics, too many people who think that gold is holy. I don’t
see how the markets can make a bottom until a lot of those mystics get
shaken out of the market. Once they throw in the towel, then gold will
make a significant bottom, and I hope I’ll be buying a lot more at that
time." - in IB Times
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).