Tuesday, September 27, 2011

Jim Rogers - Silver and gold will go much higher over the next few years. I barely pay attention to the price

If Silver Continues To Go Down, I Will Buy More Too

if silver continues to go down as we have discussed before, I will buy more silver too. Do not sell your silver, do not sell your gold unless you are a short-term trader, but anybody who is in this for a long term, silver and gold will both go much higher over the next few years. - in ETimes

Gold Has Been Up 10 Years In A Row, Which Is Very Unusual In Any Asset Class

We have discussed before that gold has been up 10 years in a row, which is very unusual in any asset class. So if it is up this year or 11 years in a row, gold is overdue for a correction and it could have a nice substantial correction given that it has been so strong.

I have no idea what is going to happen this year. I doubt if it will go to $2000 an ounce in 2011, it is more likely to have a correction which will last for several weeks, several months. It has been very str
ong. If it goes down some more, I would buy more gold as I have told you many times. - in Economic Times 

When fear permeates a market, everybody sells, especially the last ones in, frequently have to jump out. They have raised margin requirements for both silver and gold. So that makes it more and more difficult for people to hold on.

I barely pay attention to the price, but I know a lot of people do and that is why
you have these sudden spikes up and down. 

Europe Has A Few Bad Bankrupt States, So Does America

Europe has a few bad, bankrupt states, so does America. We've got Illinois which is bigger than Greece, we've got California, we've got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water. - in CNBC

Europe As A Whole Is Not Nearly As Deep In Debt As The U.S.

Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don't have a huge balance of trade deficit, like we do. - in CNBC europe

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