Jim Rogers: Gold Price to Double in Coming Months

CommodityOnline
November 28, 2009

The rally in gold prices has driven several bullion analysts to frenzied forecasts. Some say gold prices will reach $2,000 per ounce soon. Others are predicting big boom for the yellow metal, saying gold prices will zoom to $5,000 and eventually to even $15,000 per ounce in the years to come.

What is happening in bullion market these days? Yes, agreed that weakening dollar, global economic meltdown, shrinking gold supply and increasing cost of mining gold from the earth are all making gold the most-sought after investment these days. That is also driving the yellow metal prices to record highs.

These days, the biggest gold buyers are not individual customers or families, but global central bankers that are vying with each other to accumulate gold reserves in an attempt to get out of their decades-old dependence on the US dollar as the best asset class. India jumped into the bullion fray to buy 200 tonnes of gold from the International Monetary Fund (IMF) early this month. Other countries like China, Russia, Brazil and Sri Lanka are frantically trying to accumulate gold reserves.

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23 Responses to “Jim Rogers: Gold Price to Double in Coming Months”

MIKE Says:
November 28th, 2009 at 5:44 am
Dolllars=toilet paper=cocaine addiction..

Ed Reply:
November 28th, 2009 at 3:27 pm
Where he says “the transfering of the large gold reserves from country to country” is a direct banker quote to the government of Britain and in Pushing the US to Create a commie central bank to support europes bankers against germany whom had education and culture and science, and relyed on trade and production instead of bankers.
war with germany would have started in 1908 but their was no central bank in the US.
Therefore the War started in 1914 while the media had turned the 87% pro german sentiment to banker lies to start another banker war.

info from “citadels of chaos” cornelius carl veith 1949
MIKE Says:
November 28th, 2009 at 5:45 am
Does ameriKa have any gold backing its dollars? Prove it…
MIKE Says:
November 28th, 2009 at 6:16 am
Conversley the price of toilet paper will rapidly drop…due to the increased supply available…

Patriotgal Reply:
November 28th, 2009 at 10:14 am
Mike- sorry to bust your bubble, put FRN’s make TERRIBLE toilet paper!!! They are NOT absorbent enough!! Invest in a few dozen, hotel-grade washclothes!! (This is what I did, NOT having an extra wharehouse for toilet paper!!)
And your OTHER question- even IF america ha the gold it claims to, it would have to be rated at $60K+/TOZ to balance the scales.
I really, really hope Gold drops back to $1K/TOZ- but I’m NOT counting on it!!
In the meantime- ammunition has become relatively cheap, again! Dried beans are STILL a bargain!! Best of luck in the collapse!! God’s Bless!!
Former US Marine Says:
November 28th, 2009 at 7:55 am
MIKE = FOOL + STUPID

1. Like cocaine addiction has anything to do with this
2. Of course the $ is not backed by Gold you idiot
3. Toilet paper will increase in price as $ becomes more worthless and is not a good substitute
Josh Says:
November 28th, 2009 at 8:47 am
the dollar will be so worthless that people won’t be able to afford toilet paper, thus the increase in supply….. I believe this is what Mike was alluding to….
Do Logic Says:
November 28th, 2009 at 10:46 am
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Alex Says:
November 28th, 2009 at 11:30 am
Yeah, I am going to listen to “David Lew” over Jim Rogers, and SELL ALL MY GOLD NOW, in the middle of the bull market! It was the pidgin English which really convinced me Lew must be right.

cyberfarmer Reply:
November 28th, 2009 at 11:46 am
Well Alex Says, then I guess you’ll be holding a bunhc of worthless currency when the dollar collapses.

william b travis Reply:
November 29th, 2009 at 12:19 am
i always listen to jim rogers he s a straight shoot and
he usually is right
Jacques Attali Says:
November 28th, 2009 at 3:21 pm
WE ARE CHATTING RIGHT NOW!!!
http://chat.umunu.com/

COME ON THE SHOW!
http://www.youtube.com/user/Jo.....XCWWeXoVLM

ICONOCLAST RADIO
http://www.youtube.com/user/SolidSWARM
Mike Says:
November 28th, 2009 at 9:40 pm
FORMER US MARINE SEMPER STUPID..AS ALWAYS—–THE ameriKan dollar is the MOST COCAINE COVERED OF ANY CURRENCY ON THIS PLANET..TEST AFTER TEST After test has confirmed it—GOOGLE IT–YOU f---ING DOPE…
Mike Says:
November 28th, 2009 at 9:41 pm
yes Josh–the sheeple have NO BRAINS..JUST FOLLOWING THEIR BLACK MAMBA SNAKE OVER THE CLIFF & INTO OBLIVION…
Mike Says:
November 28th, 2009 at 9:43 pm
why isn’t the ameriKan dollar backed with GOLD? In other words THE DOLLAR IS A WORTHLESS PIECE OF DEMONIC s---..BACKED BY THE DEMON BASTARD WARMONGER THUGS IN THE District of Criminality….!!! SUPPORT THE DC DEMONS–CONDEMN YOUR CHILDREN TO DEATH BY YOUR STUPID INACTION….
Mike Says:
November 28th, 2009 at 9:45 pm
Finally for the ameriKan sheeple(both ignorant & arrogant)…get beans rice and PLENTY OF ‘HEMP’ ROPE READY……THERE’S GOIN TO BE A PARTY….
HOW TRUE AMERICA: Says:
November 29th, 2009 at 2:28 am
IF OBAMIE AND THE DEMO-RATS KEEP SPENDING YOUR DOLLAR IS FALLING IN VALUE !
MAKE OBAMIE AND THE DEMO-RATS STOP THE CRAZY SPENDING AMERICA ?
DERAIL THE COMMUNIST EXPRESS AMERICA !
THROW THE DEMO-RATS AND COMMUNIST UNDER THE COMMY EXPRESS !
AMERICA TAKE YOUR GOVERNMENT BACK FROM THE COMMUNIST ?
GET OUT AND VOTE THE COMMUNIST OUT OF A JOB AMERICA !
IT’S ALL UP TO YOU AMERICA !
GET OUT AND VOTE.
Mike Says:
November 29th, 2009 at 2:58 am
CONTACT THE DEMOCRATS NOW..TELL THEM NO MORE TROOPS TO BE SENT ANYWHERE OVERSEAS..STOP THIS TREACHERY NOW….
Mike Says:
November 29th, 2009 at 2:59 am
NO MORE TROOPS FOR AFGHANISTAN….TELL THE DEMOCRATS TO VOTE NO–OR THEY WILL BE VOTED OUT ..
Mike Says:
November 29th, 2009 at 2:59 am
NO MORE TROOPS TO DIE IN VAIN IN AFGHANISTAN…
Mike Says:
November 29th, 2009 at 3:25 am
VOTING THE REPUBLICONS BACK IN IS A DISASTER..THEY CREATED THESE WARS..BOTH BOTH PARTIES ARE ANTI AMERIcAN…WE NEED A NEW PARTY….
burnout the rich to keep warm Says:
November 29th, 2009 at 4:30 am
buy, buy, buy, who is your enemy america? a need to look within, maybe?
Mike Says:
November 29th, 2009 at 5:04 am
Yes buy indeed.Beans rice and plenty of HEMP ROPE…