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Gold Will Hit $2,400 Bubble: Jim Rogers

Posted By yihan On November 9, 2011 @ 8:19 am In Money Watch | Comments Disabled

Shai Ahmed
CNBC [1]
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.

Full story here. [1]

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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/45220369

[2] JIM ROGERS ON COMMODITIES: The Bull Market Will Go Up, Consolidate, Go Up, Consolidate, Go Up And Consolidate For Years: http://www.prisonplanet.com/jim-rogers-on-commodities-the-bull-market-will-go-up-consolidate-go-up-consolidate-go-up-and-consolidate-for-years.html

[3] Oil at $200, Stocks Can Keep Rallying: Jim Rogers: http://www.prisonplanet.com/oil-at-200-stocks-can-keep-rallying-jim-rogers.html

[4] Gold heading to $2000 as predicted by Jim Rogers?: http://www.prisonplanet.com/gold-heading-to-2000-as-predicted-by-jim-rogers.html

[5] Bailout Would Only Prolong Crisis: Jim Rogers: http://www.prisonplanet.com/bailout-would-only-prolong-crisis-jim-rogers.html

[6] Roubini Says Rogers’s Forecast of $2,000 Gold ‘Utter Nonsense’: http://www.prisonplanet.com/roubini-says-rogers%e2%80%99s-forecast-of-2000-gold-%e2%80%98utter-nonsense%e2%80%99.html

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