I am not buying gold right now. Gold has rallied four times over the past 3 years, by around fifteen to twenty percent. I am not adding to gold on this run.
Gold bulls will say that the worst is now over but in my view this is not the end of the correction. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))
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.