Last Updated : 30 November 2011 at 18:05 IST
Jim Rogers reaffirms love for gold, not selling now
Jim Rogers once again affirmed his love of gold and indicated that if prices drop to $1200/oz, he would get extremely excited.
- Bullion to trade sideways; Crude Oil may move on flat note
- Base metals complex may open on negative path but weakness in local currency can support the prices. Copper may trade in range of 406-412 in MCX while zinc may trade in range of 105-107 and Lead can also trade in range of 121-123.
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NEW YORK (Commodity Online): Jim Rogers once again affirmed his love of gold and indicated that if prices drop to $1200/oz, he would get extremely excited.
In a recent interview with CNBC, Rogers says, "Somewhere down the line gold will have a correction. Gold will continue to do what gold does best. Just give it a chance. I own gold and I'm not selling my gold”
He stated that if he had to buy a precious metal today, he would consider silver since it is 40% below its high whereas gold is trading just 20% off its highs.
Rogers has been a staunch believer in the potential of gold prices and has often publicly stated that one should hold gold and silver in these times of economic crisis. He also believes in the opportunity that lies in Agriculture.
Jim Rogers was the co-founder of the Quantum Fund and is also the creator of the Rogers International Commodities Index (RICI).