March 30, 2013
Rogers said that with Cyprus, politicians are saying that this is a special case and urging people not to worry, but that is exactly why investors should be concerned.
“What more do you need to know? Please, you better hurry, you better run for the hills. I’m doing it anyway,” Rogers said. “I want to make sure that I don’t get trapped. Think of all the poor souls that just thought they had a simple bank account. Now they find out that they are making a ‘contribution’ to the stability of Cyprus. The gall of these politicians.”
“If you’re going to listen to government, you’re going to go bankrupt very quickly,” he added.
This article was posted: Saturday, March 30, 2013 at 4:28 am