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Gold heading to $2000 as predicted by Jim Rogers?
Commodity Online
Tuesday, Nov 10th, 2009
Is the gold boom coming on your way as Jim Rogers predicted? Last month, legendary commodities investor Jim Rogers predicted that gold prices will surge to a record $2000 per ounce, thanks to the plunging US dollar.
On Monday, gold soared to an all-time high of $1110 per ounce in global markets. Is Jim Rogers laughing all the way to bank, if he has invested in gold cheap some months or years back? Or is he laughing at Nouriel Roubini who has countered last week that Jim Rogers’ prediction of gold at $2000 per ounce was simply ‘nonsense.’?
Here is an interesting article on the ‘fight’ between two legendary personalities: Jim Rogers and Nouriel Roubini from moneynews.com
Investor Jim Rogers successfully predicted a rally in commodities back in 1999. New York University economist Nouriel Roubini predicted the collapse of the housing market and financial meltdown back in 2006.
Now the two gurus are predicting each other to be incorrect. Rogers says Roubini’s forecasts for bubbles to pop in the gold and emerging-market stock markets is just wrong. “What bubble?” says Rogers, Bloomberg reported. “It’s clear Mr. Roubini hasn’t done his homework, yet again.”
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59 Responses to “Gold heading to $2000 as predicted by Jim Rogers?”
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November 10th, 2009 at 5:26 am
NO DUH—iNDIA BOUGHT 200 TONS AND sRI LANKA JUST BOUGHT A SHIT LOAD TOO..THE DOLLAR WILL SOON WIPE YOUR ASS..POOR cHARMIN..
Bray Reply:
November 10th, 2009 at 6:01 am
http://www.KeepTheTruthAlive.com
Quantummonkeybutt Reply:
November 10th, 2009 at 9:29 am
Quantummonkeybutt Predicts That As Soon As It Does, It Will Fall Faster Than The Square Of The Rate Of Decent Of Dubya’s Approval Rating Times The Obama Factor.
http://video.google.com/videop.....695921912# (ZEITGEIST ADDENDUM)
QMB
Seer
Click Me Reply:
November 10th, 2009 at 11:08 am
If you cancel your debts you will have more money to buy precious metals or other things that are actually important to YOU and YOUR FAMILY!
I highly urge those still on the fence about whether they should continue to pay their credit cards or not to look at this site and think about how much of the money you now spend on debt you will need in the future to survive. http://www.debtcrisissolutions.com
savedman Reply:
November 10th, 2009 at 9:34 am
Folks,
We are living in the last days when wicked rich men will again call in all the gold. They have made sure by design that the dollar is worthless by exporting our economy to China and India. What we are seeing is the fulfiilment of James 5:1-8 ¶Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
4 Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
5 Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
6 Ye have condemned and killed the just; and he doth not resist you.
7 Be patient therefore, brethren, unto the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth, and hath long patience for it, until he receive the early and latter rain.
8 Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh.
Sinner, I beg you to consider your end. You are going to die and be judged by the Lord Jesus Christ (Hebrews 9:27; Revelation 20:11-15).
Repent of what you are- a lost hell bound sinner, and Receive the Lord Jesus into your heart (Acts 20:21; 1 Corinthians 15:1-5; Romans 10:9-17).
The Muslims will remove your head at the consent of the Roman Catholic church in the soon coming Tribulation if you miss the Coming of the Lord Jesus for His true Church.
CorruptionRadio Reply:
November 10th, 2009 at 10:32 am
Yes they are going to debase the dollar to make it easier to join eight currencies into a global reserve currency. This is the HIGHT of IMPERIALISM:
http://corruptionradio.com/200.....perialism/
Jordan
November 10th, 2009 at 5:36 am
So now those who have woken up to the fact that gold is at an all time high have to decide whether to buy at the current top and hope it goes higher, or buy at the current top and lose their asses if it goes lower, or do nothing. Those who bought it years ago are glad they did and wish they had bought more. Same with silver. The dollar is going to tank, it’s a matter of when and how fast.
Patriotgal Reply:
November 10th, 2009 at 6:41 am
OOOhhhhh!!!!!! I bought-”all-in” @$265/TOZ and $4/TOZ. I would have bought more if I had had ANY more liquid a$$etts to sell. I’ve just been buying dried beans and ammo since sept.!!! It is all said and done with the dollar, just when it makes that final plunge, quien sabe? I think that silver, even at $20, is a good idea for the small invester. If I were such, I might wait another month or two, to see if any seasonal effects lowers the price any. OR not? I don’t know, at this point. I’m just glad that I don’t have to worry about it. Can’t say that I feel too badly for those that didn’t, however. I mean, the signs were on the walls for 25 years.
Russell Wooldridge Reply:
November 11th, 2009 at 6:03 am
gold and silver are just another bubble, and they will plunge the value of that and yall will be left with nothing again.
Click Me Reply:
November 11th, 2009 at 10:25 am
I disagree with you Russell. The dollar will plunge… silver and gold remain precious because they are rare and in demand for many industrial uses, silver in particular.
Look at History: Zimbabwe crash and hyperinflation that is still happening now. They are mining their own gold to survive.
Argentina 2001: Gold was main means of barter and trade.
Germany 1920’s: Marks hyperinflated, and again, gold and silver remained precious…
Anyway, the statement that gold and silver will plunge is inaccurate reasoning. Silver has been used as money for 2400 years, and gold for over 6000. Papers is what plunge.
I recommend people get rid of their debts, and buy silver with the money they save.
November 10th, 2009 at 5:48 am
a film about nwo veri-chip and the coming forced chip implantand cop media you got to watch this and pass it on – resist the mark of the beast http://www.youtube.com/watch?v=CmvCFd866R8
November 10th, 2009 at 6:15 am
ahahah pathetic
and once more the sheeople just bleet and bleet along
and the rotschild and the rotsfellas and the vatican slop and the “gods bankers” are rubbing there hands and laughing all the way to their bank of “gods”
ahahahah
hilarious !!!!!
ahahhahaha
ohhh how the cattle ooppss chatttel do so love the “stock market”
ahahahha baaaaabaaaaaa
November 10th, 2009 at 6:18 am
Invest in lead. It’s cheaper, and more useful.
Matzo Man Reply:
November 10th, 2009 at 6:25 am
Might as well invest in silver then.
Patriotgal Reply:
November 10th, 2009 at 6:47 am
Even at $20/TOZ, Ag might be a good buy. The “historic” ratio of silver:gold is 12:1. Right now, it is about 17:1. Since silver is both more rare, and more needed for industrial uses, I expect to see BIG rises in silver in the future. Some “metal experts” even postulate that it might eventually equal gold in price. I’m not holding my breath on that one, but am evenly invested in both Au &Ag.
Patriotgal Reply:
November 10th, 2009 at 6:42 am
You definately need lead to protect all of your other commodities. Or you will lose them. No arguements from me.
November 10th, 2009 at 7:22 am
According to Rogers, stocks will rise %10000!!! Stocks over gold he indicated! Gold already isn’t worth $h1t and will be much lower in the future.
Do Logic Reply:
November 10th, 2009 at 7:36 am
Just think, gold, even if it rose to 2k, would, in relative terms, be 20 dollars an oz! All of those buying now will see all value VANISH yet the price will have risen! Can anyone tell me who, other than Rogers, has predicted this?
Do Logic Reply:
November 10th, 2009 at 8:09 am
I asked a 4th grader what would he buy given the terms Rogers has set forth. I offered him 1oz of gold at $1000, 5 shares of AAPL, or 500 cans of chicken noodle soup. Anyone care to guess what he selected?
Do Logic Reply:
November 10th, 2009 at 8:50 am
Everyone here knows that Rogers used to work for Soros. You did know that, right?
November 10th, 2009 at 7:32 am
You got to know when to hold em, know when to fold em.
November 10th, 2009 at 8:39 am
So Jim predicted $2000 dollar per ounce gold….no kidding. Seems I’ve heard that montra before. The best analogy to his crystal ball is this. If I bet 20 thousand dollars on the New England Patriots to win by 40 point spread in Vegas….eventually I would win the bet.
Do Logic Reply:
November 10th, 2009 at 8:48 am
… even a broken clock …
Patriotgal Reply:
November 10th, 2009 at 10:32 am
LOL, THAT is funny!! Well, until we get the NWO currency, I’ll stick with metal.
November 10th, 2009 at 8:45 am
I got storage of dried and dehydrated foods, water tanks and filters, firearms, ammunition, air-tight bags of tobacco and coffee, sugar and spices for food, bulk toilet paper (can’t forget that if you want to live off the grid), candles, and a few other commodity.
I don’t have a bank account, if I did, I’d grab all the money out it and stockpile more for the upcomming war! I hope others do the same.
Patriotgal Reply:
November 10th, 2009 at 10:32 am
Yor’re NOT me, right?
November 10th, 2009 at 8:47 am
Reply: Do Logic
So the 4th grader had a choice what to pick? If the kid was black from Chicago he probably took the 500 cans of chicken soup so he could trade for a basketball.
Patriotgal Reply:
November 10th, 2009 at 10:33 am
Or a baseball bat?
November 10th, 2009 at 8:55 am
SELL, SELL, SELL !!!
November 10th, 2009 at 9:08 am
The time to vote is now, with your feet. If relocating to a caribbean island that has 6 cent a gallon gas, free health care, no hurricanes, no taxes, and a great lifestyle. Margarita island might be right for you. Check out my website http://www.escapethestates.com
Patriotgal Reply:
November 10th, 2009 at 10:34 am
THE PRICE OF GAS HAS DOUBLED IN A WEEK????? Forget it! Venezuela sux.
Russell Wooldridge Reply:
November 10th, 2009 at 11:17 am
no the exchange rate changes the price of gas stays the same. and I put 4 cents a gallon when it was inUSD 4 cents a gallon. and you might not know math 4 to 6 cents is not double. Why does ven suck? We are not killing millions around the world.
November 10th, 2009 at 10:08 am
Our electronics (and those HDMI cables) will start costing more with all the gold contacts.
Patriotgal Reply:
November 10th, 2009 at 10:35 am
Silver is used MUCH more than gold. It is used in industry maybe 1000% more than gold. Every light switch in your house has silver in it. NOT gold.
November 10th, 2009 at 10:23 am
I am a jeweler and have been doing this all my life and I tell you now gold will reach 1600.00oz by june I told every one back when it was 250.oz to buy did they “NO”
NOW IS THE TIME TO GET IN TO FOOD WATER MAKE SUER YOU HAVE IT
Patriotgal Reply:
November 10th, 2009 at 10:39 am
I’ve been into the metals market since high school. I bought a silver dollar every Saturday. If you don’t ALREADY have your metal, buy silver, as gold is getting out of the average invester’s range. Silver has a MUCH larger industrial demand. It is more rare than gold, and used more- can you see a trend?
Do Logic Reply:
November 10th, 2009 at 10:39 am
So, this guy, Mr. Rogers, walks up to you and says;
Stocks are gonna rise %10000 but gold is gonna DOUBLE, buy gold!
You go for the gold?
Patriotgal Reply:
November 10th, 2009 at 4:47 pm
Stock in a bancrupt compant usually equals zero. My metal has more than tripled, probably quadroupled since I bought most of it. Since I convinced my parents to do the same thing, we are “pretty well set”, as they say. That, and 640 acres in an isolated valley in Nevada, and a million $$ in improvements, equals self-sufficiency for life, for my family and friends. And I get to retire at 48.
Do Logic Reply:
November 10th, 2009 at 5:57 pm
You don’t read very often, do you? First, I assume you mean to say “bankrupt company” when you wrote “bancrupt compant”. If so, try reading what Mr. Rogers has written and listening to what he has said. I have for over twenty years. He has written that he believes that the DOW will rise to 1,000,000. He has also written and said that gold will rise to $2,000. Since you don’t know what that means, I will explain it to you. The DOW is intended to be number equal in dollars to what one share each of each company in the list comprising the DOW would cost. No bankrupt (or bancrupt) company is listed. Today, if you bought one share each of each company on the list, it would cost just over $10,000. Just to make the math easy, we will work with round figures and go with $10,000 in gold vs the DOW. If Mr. Rogers means what he says, he believes that the gold will go to $20,000, but the DOW will go to $1,000,000, yet he recommends buying gold. Why is that?
Do Logic Reply:
November 10th, 2009 at 6:10 pm
To continue…
Lots of people think a possible scenario is that the dollar will crash, we will be forced to convert to the “Amero”, and no other currency will be considered legal currency (including gold and silver). If that is the case, even gold will convert. Let us say all converts 1/2 of 1 cent to the dollar. What this means is that you will get 10 Ameros for your 1 oz. of gold, but I will get 5000 Ameros for my DOW. Tell me, which is worth more?
November 10th, 2009 at 10:55 am
hey, savedman, since when do the muslins need the consent of the catholic church to remove your head. read about the crusades, muslims hate catholics. i wish someone would remove your head and give you one with a brain.
November 10th, 2009 at 11:25 am
Silver would be good survival metal. Im thinking of getting two Canadian 5 9’s for their purity. You should be able to make colloidal silver with them using 3, 9 volt batteries connected in series (27 volts ) and using 2, 5 9’s silver coins as electrodes in DISTILLED water for 3 minutes.( JUST THE COINS CAN BE IN CONTACT WITH THE WATER IN A GLASS CONTAINER, THE WIRES CAN NOT GO IN THE WATER!!! )The silver needs to be pure though, you cant do that with junk silver, 90% silver would make a toxin from the base metal in them. junk silver would be good for every day barter if it ever gets to that. COLLOIDAL SILVER COULD BE USED TO FIGHT ILLNESS AND INFECTIONS AND YOU CAN CLEAN WOUNDS AND BRUSH YOUR TEETH ETC…STOCK UP ON 9 VOLT BATTERIES AS WELL
November 10th, 2009 at 11:31 am
I also just remembered that you can also drop plain silver coins in milk containers to keep milk from spoiling too quickly. I guess they used to do that in the good ol days. so it has food preservation utility as well… pretty handy stuff if you know what its good for.
Taxed Payer Reply:
November 10th, 2009 at 7:39 pm
booger wrote: “I also remembered that you can also drop plain silver coins in milk containers to keep milk from spoiling.”
Not a good idea with circulated silver coins. Many people do not wash their hands after they shit or pee and then they put their hands in their pocket (or purse) nd handle their lose change.
Hope that I have not spoiled your morning.
booger Reply:
November 11th, 2009 at 12:06 am
Not at all, I usually don’t expect to have to spell out every detail to the educated / informed, I also left out how to connect pure silver coins to 9 volt batteries, or how to connect them in series. I figured that if the sh!t hits the fan, they would pull it out of the as$, and think for them selves a little. Yes it would be a good idea to not piss on the coin before you insert it into your mouth. Thanks for the tip, here’s another…. don’t tinkle into the wind
booger Reply:
November 11th, 2009 at 12:14 am
Also to my arrogant delight, I did not say to place circulated coinage into the milk containers, I said plain silver, I guess even my subliminal mind was one step ahead of you.
November 10th, 2009 at 11:45 am
Let’s choose silver as our weapon, shall we? Every silver coin you buy is a bullet shot into the NWO, another ounce closer to breaking the massive short position held on COMEX by two international banks (guess which ones!). And they make great Christmas gifts!
Gov. minted coins won’t get melted down for industrial use as they’ll always trade at a premium, above spot price. Alex should get Ted Butler on air, David Morgan, James Turk, Jim Sinclair.
For thousands of years! Silver & Gold traded roughly at 12/1. And today it’s 64/1. And we’re using up silver like there’s not tomorrow. That’s where the potential is. That’s where investors, patriots and NWO fighters should all be, physical silver.
http://news.silverseek.com/Sil.....267140.php
Silver set to Soar as it did in the 1970’s
– Silver Remains Very Undervalued
– Why Silver is in a Bull Market & How High Could it Go?
– Is Silver about returns or a hedge against inflation & systemic risk?
– Silver: Declining Supply
– Silver: Increasing Industrial Demand
– Silver: Increasing Investment Demand
– Silver Undervalued Versus Gold
– A Picture is Worth a Thousand Words
– Conclusion
booger Reply:
November 11th, 2009 at 12:29 am
Check out this vid and see what you think about silver!!!
booger Reply:
November 11th, 2009 at 12:30 am
kiyosaki predictions part 4
November 10th, 2009 at 3:12 pm
Do Not Buy Into This Hype. Take advantage of the high returns but tread lightly. They will pull the rug from under this, be assured of that!
http://www.warnthepeople.org/be-prepared.html
November 10th, 2009 at 6:18 pm
Great, lets take even more scarce money, spend it on gold, and lock it away where it doesn’t do ANYONE any good. Just what the NWO want. Money is meant to circulate, and in my opinion we should have a HOARDING tax. Keep it moving, or loose it.
November 10th, 2009 at 6:31 pm
Bubbles are friendly and they clean things.
Gold is the latest bubble. Buy it if you feel the need but why isn’t silver going up?
If you do buy gold you might want to send it to another country. There will most certainly be a tax levied upon any sale of the metal. Silver will follow I’m sure.
Think people. These guys got you coming and going.
If silver was up to about $40 per once and copper and other commodities were up, then things would be different. they are not.
Bubbles Out – take a bath its fun with bubbles
Do Logic Reply:
November 10th, 2009 at 7:18 pm
Most of the peeps here have swallowed the hook. They really believe this stuff. Read enough of it and you will find a bunch of people that have clearly not thought this all the way thru.
November 10th, 2009 at 10:34 pm
WATCH THE GOLD SCAM AMERICA, WHEN ALL THE CASH IS OUT OF YOUR TREASURY THEY WILL PASS A LAW AND SAT IT’S ILLEGAL TO OWN GOLD ! NO WAY, HEY THEY DID IT IN 1939 AND THEY WILL DO IT AGAIN AMERICA !
TAKE YOUR MONEY AND PUT IT IN YOUR MATTRESS, THE GOVERNMENT WILL NOT BE ABLE TO USE YOUR MONEY AND THE WILL NOT KNOW WHAT YOU HAVE ?
IF IT REALLY GET BAD HIDE THOSE GOLD FILLING, THEY WILL BE GOING TO FUND THE SOCILIST ADJENDA ! STOP THE COMMY EXPRESS AMERICA ?
YOU HAVE ASKED FOR CHANGE AND THE DEMO-RATS ARE GOIN TO GIVE IT TO YOU BROTHER ! HIGHER TAXES, THE LOSS OF MORE OF YOUR RIGHT AND TELLING YOU WHAT YOU HAVE TO DO OR ELSE !
JOBS, FORGET THAT, YOU WILL SEE MORE JOBE LOSSES AND WHEN THE TIME IS RIGHT THE G-20 WILL DEVALUE YOUR DOLLAR SO BAD THE YOU WILL WONDER WHAT COUNTRY YOU ARE REALLY IN ?????
TIMES ARE NOT GOING TO GET BAD, THEY ARE GOING TO REACH A PEEK AND ALL HELL WILL BREAK LOSE ! WHY DO YOU THINK THE BUILT ALL THE PRISONS ANOUND THE USA ,
AFTER ALL THIS GOES DOWN, YOU WILL NEVER WANT TO HEAR THE DEMO-RATS IN YOUR GOVERNMENT AGAIN AMERICA !
WHAT DO YOU AS AN AMERICAN INTEND TO DO AMERICA !
SIT THERE LIKE SHEEP AND DO NOTING WHILE THEY TAKE OVER YOUR GOVERNMENT !
OR FIGHT BACK LIKE AMERICANS ANS RESTORE YOUR COUNTRY AMERICA !
I CAN’T HEAR YOU AMERICA, SPEAK UP, I CAN’T HEAR YOU AND FIGHT BACK VOTE THE BUMBS OUT OF PUBLIC OFFICE AMERICA !
GOD BLESS AMERICA !
booger Reply:
November 11th, 2009 at 12:21 am
They didn’t call silver in!!!!!
November 11th, 2009 at 2:37 am
Over many years we have all been lied to by our Governments, but not just our Governments but many religous leaders. Many things we have been taught are not even in Scripture and millions have swallowed so many lies by these false prophets. If you are a truth seeker please visit the following web site and take the time to read some of the articles, you will be shocked.
http://www.2besaved.com
Blessings
Ben
November 11th, 2009 at 3:31 am
WE ARE SHOCKED BY THE DEMON OBAMA ENOUGH..THANK YOU..
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November 20th, 2009 at 6:48 pm
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