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October 28, 2013

I Am Not Optimistic About Gold

I am not optimistic about gold at the moment because what is happening in India is possibly going to ruin the gold market for a while. If I can stay solvent, and alert, maybe that will lead to a huge buying opportunity in gold again.

India is the largest buyer of gold in the world, has been until recently, now China is eclipsing them because India is cutting back. The indian government is blaming all of its problems on gold, they do not take responsibility, no politician ever has. So they put some tariffs, doing their best to make it impossible to import gold.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.
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