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Buy gold, not miners: Jim Rogers

Posted By admin On November 17, 2009 @ 11:16 am In Money Watch | Comments Disabled

Alix Steel
TheStreet.com [1]
Tuesday, Nov 17th, 2009

Jim Rogers, renowned global commodities investor and author, says gold prices will hit $2,000 (U.S.) in a decade.

Gold prices have risen 20 per cent in the past year, recently testing a new high of $1,133.50. With strong speculative fund buying, a weakening U.S. dollar and inflation fears, investing in gold is a popular trend as the precious metal becomes an alternative asset class.

Physically backed SPDR Gold Shares (GLD-N111.43-0.20-0.18%) has risen almost 15 per cent YTD and Market Vector Gold Miners ETF (GDX-N50.42-0.92-1.80%) has popped over 30 per cent.

Rogers’ love of gold is nothing new, but with gold in a strong bull market, I wanted to know if the trade was too crowded.

Full article here [1]

“When the people find they can vote themselves money, that will herald the end of the republic.”Fall Of The RepublicBuy the DVD here [2]

Buy gold, not miners: Jim Rogers  FOTR 340x1692 [2] 

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URLs in this post:

[1] TheStreet.com : http://www.theglobeandmail.com/globe-investor/investment-ideas/buy-gold-not-miners-jim-rogers/article1365211/

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] We’re running out of gold: miners: http://www.prisonplanet.com/we%e2%80%99re-running-out-of-gold-miners.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] Jim Rogers: Gold Price to Double in Coming Months: http://www.prisonplanet.com/jim-rogers-gold-price-to-double-in-coming-months.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

[7] Faber Says Buy Gold Explorers Backed by World’s Biggest Miners: http://www.prisonplanet.com/faber-says-buy-gold-explorers-backed-by-world%e2%80%99s-biggest-miners.html

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