Gold: I Would Not Be Surprised If There's Another Chance To Buy Lower Later

"I bought more today [June 18], as a matter of fact. I bought a little bit, not much, over the last few days in case this was the bottom. I would not be surprised if there's another chance to buy lower later on, but I'm buying and I own it. I haven't sold any." - in Guru Focus
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).

Gold Correction is Not Over Yet

“It has now corrected for some 18-to-20 months now. I find that encouraging. Until it scares a lot of people, the correction is not over. I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality.”

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).

Gold : Investors need to accept reality

Until people start accepting reality instead of denying reality, we're not going to make the bottom. Until a lot of people just pack it in and throw gold out the window. Then gold will make a beautiful bottom and we can all participate in a multi-year bull market.

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).

Gold: A 50 Percent Retracement Is Not Unusual

"If it gets to $1,200, I hope that I’m smart enough to buy even more. If it gets to $1,100, I hope I’m smart enough to buy even more. Speak to the chartists...the technicians...and look at the retracements, or whatever they call them. A 50 percent retracement is not unusual. A 60 percent retracement is not unusual. You can do the same math that I can. You can figure out what a 40 percent, 50 percent or 60 percent retracement would mean for someone." - 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).

Gold Is Going To Shake Out The Mystics

"Gold was setting us up for some kind of correction. Gold needed a correction — it still needs a correction — and I hope this is the proper correction which gold needs. Then gold — somewhere along the way — will make a bottom and we can all join in the bull market as it goes higher and higher. Gold has to go a lot higher over the next decade or so, because the world’s central banks keep printing money. Gold is going to shake out the mystics — there are still a lot of mystics in the market."

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).

Gold needs this correction

Gold has gone up 12 years in a row. I don't know of any asset in history that has gone up 12 years without a major correction. This may be the correction that gold needs. If it goes down enough, I will start buying it.

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).

This May Be The Correction That Gold Needs

Jim Rogers : “This may be the correction that gold needs. If it goes down enough, I will start buying it." - in Bloomberg

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).

The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt

Jim Rogers :It is (what Venezuela has done ) certainly significant especially if they (the banks ) find out that they do not have it , it will be quite a turmoil if all of sudden the banks will say we do not have all that gold we do not find it because you know a lot of gold has been mixed with other gold it might just mean more and more people do want to hold their gold in their own hands , I would suspect so , we are coming in more and more turmoil more and more banks will be going bankrupt and The last thing you want is for your Gold to be in a vault of a bank which goes bankrupt or which has to suspend redemption , so I suspect you'll see more of it

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).

Gold breaking new highs and racing up. I dont like to buy things when that is happening

Jim Rogers : Well, I own gold and I see gold breaking new highs and racing up. I don't like to buy things when that is happening; when gold goes down I will buy more gold. Gold is going straight up, it will probably correct somewhere and I hope it will correct somewhere along the line and if it does I will buy more. - in www.indiavision.com

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).

I will own gold till the mania sets in

Jim Rogers : I will own gold till the mania sets in. I hope I am smart enough to recognise it when it comes and sell it then. I will see when it’s a bubble, wait a while for the bubble to burst, and then I will sell. I hope I am smart enough not to sell it until the bubble occurs. But, who knows that price? It could be any absurd price.

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

Jim Rogers is a bestselling author, financial commentator and sucessful 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).

Governments have become net buyers of gold

For most of the past 20 years, governments have been selling gold. But in the last year or so, they have realized that prices have risen a lot. Governments should become net buyers of gold as they see what I see—paper money being debased, currency problems and inflation. Many countries, including India, have started buying gold. India did a good job by buying gold. - Jim Rogers in money.outlookindia.com

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

Jim Rogers is a bestselling author, financial commentator and sucessful 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).

Governments should become net buyers of Gold

For most of the past 20 years, governments have been selling gold. But in the last year or so, they have realised that prices have risen a lot. Governments should become net buyers of gold as they see what I see—paper money being debased, currency problems and inflation. Many countries, including India, have started buying gold. India did a good job by buying gold. - Jim Rogers in money.outlookindia.com




Jim Rogers is a bestselling author, financial commentator and sucessful 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).

Gold to Go over $2,000 In The Next Decade

"Gold has been going up for 10 years. Countries are debasing currencies by printing more money and the metal’s mine supply is not increasing. People are more interested in commodities of all kinds, including gold, to protect themselves from inflation." "I am not a great timer of the market, but I certainly expect gold to go higher over the next decade, in excess of $2,000." Jim Rogers in www.money.outlookindia.com






ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Jim Rogers is a bestselling author, financial commentator and sucessful 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).

5% correction in gold is meaningless - Jim Rogers

Jim Rogers : Again, I have absolutely no idea. 5% correction in gold is meaningless. These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work. I do not see anything unusual. I expect there would be more correction during the course of the bull market. I hope that the bull market goes up, consolidates, goes up, consolidates, goes up and consolidates for years to come. That is my expectation for all commodities.
- in ET Now

Gold

" Gold will have reached an unbelievable price before it starts falling"
– Jim Rogers

Jim Rogers Quotes of the Month: Commodities, Gold, and Agriculture

" Jim Rogers speaking to investors in Amsterdam this morning, said that gold is still far from being a bubble and investors should sell bonds and buy precious metals. The chairman of Rogers Holdings, who predicted the start of the global commodities rally in 1999, said that gold should have a rest but it’s far from being a bubble yet."
in Wall Street Cheat Sheet

Gold & Silver

What you have to do is you have to find things that will protect your assets, real assets: Silver, rice, natural gas; something that will hold its value in an inflationary time... I do it two ways: I own gold and silver coins in my hand, in my house, in my box; I also own gold and silver futures that’s another way to do it. - Freedom Watch, February 7, 2011

Jim Rogers on gold

Legendary investor Jim Rogers talks to Bloomberg about gold, commodities and the inflationary disaster ahead for the US.