Friday, November 14, 2014

Gold has not been down 50 percent in many years


Gold has not been down 50 percent in many years and that is not normal. Most things go down 50 percent every 3 or 4 years. It is just the way the markets work. If gold were to go down 50 percent that would be 960 dollars an ounce. If it goes to that, I hope I am smart enough to buy a lot more.

Related stocks and exchange traded funds: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Freeport McMoran (FCX), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)





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).
JIM ROGERS BLOG