“It has been correcting for the past three months so it is overdue for a stronger correction, but I have no idea by how much. It is very unusual for any asset to go up for eleven years in a row with no correction. I own gold and I am not selling my gold.
The price at which I buy will depend on the circumstances. If it is going down because the world is going bankrupt then it would need to be priced at 900 USD for me to buy it. If there is an artificial occurrence then maybe between 1,200 USD and 1,400 USD. It depends on what is going on in the world.” - in Investment Week
Related ETFs, SPDR Gold Trust (ETF) (NYSE:GLD).
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.