There's an element in India in the last several months which is very strongly saying we've got all this money tied up in gold which is not good for the economy,” Rogers says. To India’s west, “There are Europeans who are talking about the need to sell their gold or at least to start offering gold backed-convertible bonds. - in CNBC
Related: SPDR Gold Trust ETF (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.