There are simply too many mystics in the market who are convinced that gold simply can not go down. This reminds me of the Internet bubble back in 1999: there were many people who were convinced that the Internet is the future. And it was actually the future. But that does not mean that the stocks couldn’t collapse. Gold is going to be great over the years. Maybe 2014 will be the year in which all the gold faithful disappear from the market and Gold makes a bottom. Then it is time to stock up on gold and precious metals.” -
in jimrogersworld
You can keep reading Jim`s market updates and financial commentary on the new website:
Rogers on The Markets (click on the link or on the image below to access the new website)
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.
