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Gold Will Hit $2,400 Bubble: Jim Rogers

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]