Thursday, September 29, 2011

Gold & Silver Correction: It`s Good For Markets - Jim Rogers

Silver and gold - you know, gold has gone up ten years in a row. That’s extremely unusual in any financial asset. Silver skyrocketed here in the last several months. So yeah, it’s a combination of things - financial panic, market re-quals, etcetera. But I don’t see this as any problem.It’s good for markets. Back in the 1970s gold went up 600 percent and then gold went down 50 percent, scared everybody off. A lot of people gave up on gold. And then as soon as they gave up and sold, gold turned around and went up 850 percent. That’s not a typo - 850 percent.So this is nothing unusual. Oil has gone down almost 50% three times since the bull market started in 1999. I don’t pay too much attention to these things. I try to be smart enough to buy when it collapses some. -

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