I don`t know if there will be a 50 percent correction. I do know that 50 percent corrections are normal. That is what happens in all markets. It is not unusual at all. So, I suspect we might have a 50 percent correction before it`s over. That is not a prediction, but I suspect it will happen. I am not buying at the moment. I think there will be a better chance to buy gold in the future.
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.