Monday, December 14, 2015

Gold Will Probably Go Under 1,000 USD/Ounce

I have been negative on Gold. I own Gold but I have hedged my Gold. I haven`t bought Gold for about 5 years now. I expect another opportunity to buy Gold. It probably will go under 1,000 dollars an ounce and if that happens I hope I am smart enough to buy more. (SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), Freeport-McMoRan Inc (NYSE:FCX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.