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Jim Rogers “Quite Sure” Gold Will Hit $2000, Dollar Will Lose Reserve Status

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Yahoo News
Tuesday, Oct 13th, 2009

Famed investor Jim Rogers is “quite sure gold will go over $2000 per ounce during this bull market.”

Rogers’ confidence gold will continue to rally stems from a view the U.S. dollar is on its way to losing status as the world’s reserve currency.

“Is it going to happen? Yes,” Rogers says. “I don’t like saying it [and] I’m extremely worried about it but we have to deal with the facts. America is not getting better [and] the dollar is going to be replaced just like pound sterling [was].”

Rogers didn’t offer a timetable, and it’s likely gold would exceed $2000 per ounce if the dollar were to lose its reserve status.

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This article was posted: Tuesday, October 13, 2009 at 10:26 am





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