Wednesday, November 9, 2011
Gold has many years left on its bull run, but the precious metal will eventually reach a bubble, famed investor Jim Rogers told CNBC Wednesday.
“It will easily go to $2,000 but it will reach $2,400 over the course of the bull run, which has years to run,” said Rogers, the CEO and chairman of Rogers Holdings.
“It will end in a bubble when this is over. The way bull markets work is they go up and up and then by the end they turn into a bubble and that will happen to gold.
He said, however, that such a bubble is still years from happening.
“That could be five years, 18 years or six years,” he said.
This article was posted: Wednesday, November 9, 2011 at 8:19 am