Jim Rogers Predicts ‘Wonderful New Highs’ For Gold, ‘But It May Be A Few Years From Now’

Well-know investor Jim Rogers recently appeared on GoldSeek.com Radio’s The Gold and Silver Review show. Speaking to Chris Waltzek on the August 2 show, the topic of gold naturally came up in their discussion. While some observers of the precious metal are claiming the price of gold is finally bottoming, the former investing partner of George Soros isn’t so sure. From their exchange:

GOLDSEEK: In an interview with Max Keiser this month you noted that gold is making a significant bottom as leveraged players are forced to liquidate their big positions. And once this finally takes hold- although it could take months or even a couple of years- the bull market will eventually resume, resulting with new, high prices. Is that a pretty fair assessment?
ROGERS: Well, that’s a fair assessment in my view of the world. Yes- I’m not sure we’ve seen the final bottom yet. Although I hasten to tell you- I’m terrible at market timing. In my view, you mentioned a complicated bottom. The problem, the situation with gold is, gold went up 12 years in a row- which is extremely unusual. I know of no market in history that’s done that. So the anomaly with gold has been, how strong it was, for so long. So I would suspect that there will be an anomaly in its making its bottom. It will not just have a correction and just resume its market as most things do. In my view- and I have no idea how it’s going to work- I suspect the anomaly in its correction will be strange, complicated, if nothing else.

Eventually, we will make a new low, whether it’s this year, next year, or the year after. And then, of course, the bull market will resume. And we’re off to the races and wonderful new highs will be made. But it may be a few years from now.


“GoldSeek Radio – Aug 2, 2013 [ft HARRY DENT Jr & JIM ROGERS]”
(exchange starts 46:06)
YouTube Video

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Monday, August 5th, 2013 Commodities, Crash Prophets, Investing, Precious Metals

2 Comments to Jim Rogers Predicts ‘Wonderful New Highs’ For Gold, ‘But It May Be A Few Years From Now’

  1. First, thanks for offering the starting point in the video. Much appreciated!

    Wonderful new highs will be made?

    As a gold investor from mid 2004 to early 2006 (one-third of my investments, 50% gain), I have to say that I never would have used the word “wonderful” to describe my sentiment.

    If history is a guide, gold bull markets tend to dish out extra pain to the poorest of the world (as food and energy prices also tend to rise and unemployment too). This latest run was no exception.

    Wonderful? I think not. Sigh.

  2. Stagflationary Mark on August 6th, 2013
  3. Thanks for the comment Stagflationary Mark.

    First, thanks for offering the starting point in the video. Much appreciated!

    Sure thing. Trying to do that when and where applicable.

    If history is a guide, gold bull markets tend to dish out extra pain to the poorest of the world (as food and energy prices also tend to rise and unemployment too). This latest run was no exception.

    Is it the gold bull markets that “dish out extra pain to the poorest of the world,” or does rising food/energy prices and unemployment too just coincide with the yellow metal doing well?

  4. Editor on August 6th, 2013
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