Jim Rogers: I own gold and I own silver. I own all
the precious metals, especially gold and silver. I'm not sure I would
buy right now. Gold has gone up 12 years in a row, which is extremely
unusual for any asset, at least in my experience. I don't know any asset
that's gone up 12 years without a down year except gold. Gold has had
only one decline over 30 percent in those 12 years. That, too, is
extremely unusual.
Plus, if you look at the open interest from the
CFTC, the speculators have been piling into gold. The number of call
options is more than twice the put options. All the signs are that
there's too much speculation in gold right now.
I'm not selling,
by any stretch. I own it. If it goes down, I'll buy more. If America
bombs Iran, I'll probably buy more going up. But I own it and, over the
longer term, gold is going to go much higher because the world is doing
nothing but printing money. And when the world economies get bad again,
they're going to print even more money. But I'm not buying now.
Monday, December 31, 2012
Saturday, December 29, 2012
Marc Faber : I am buying Gold and holding it. I don't speculate in gold
Marc Faber : This year the gold price may not exceed the $1,922/oz high
that we reached on Sept. 6. Maybe it will. I'm not a prophet. I'm just
telling people that I'm buying gold and holding it. I don't speculate in
gold. If you buy gold, you better understand that the price could
always move to the downside. If you don't understand that, don't invest
in gold—or in anything. - theaureport
Friday, December 28, 2012
Gold will probably peak next year because of improving U.S. growth
....Gold will probably peak next year because of improving U.S. growth, even as the Fed expands stimulus, Goldman Sachs Group Inc. said in a Dec. 5 report. It still expects an average of $1,750 in 2014.
The drop of as much as 8.9 percent since Oct. 5 pushed gold below its 200-day moving average last week for the first time since August. Prices slid almost 10 percent in seven weeks after falling below the measure in March.
The 14-day relative-strength index (MXWD) was at 31.8 yesterday, near the level of 30 that indicates to some analysts who study such charts that a gain in prices may be imminent.- via Bloomberg
Thursday, December 27, 2012
Jim Rogers: On a historic basis, silver is cheaper than gold
Jim Rogers: On a historic basis, silver is cheaper than
gold. Gold is down 10 or 15 percent from its all-time high. Silver is
down 30 or 40 percent. So I guess I'd rather buy silver than gold. I'm
buying neither at the moment. But if I had to, I'd probably buy silver
today rather than gold. But again, I'm not buying or selling either.
Sunday, December 23, 2012
Jim Rogers: On a historic basis, Silver is cheaper than Gold
Jim Rogers: On a historic basis, silver is cheaper than
gold. Gold is down 10 or 15 percent from its all-time high. Silver is
down 30 or 40 percent. So I guess I’d rather buy silver than gold. I’m
buying neither at the moment. But if I had to, I’d probably buy silver
today rather than gold. But again, I’m not buying or selling either.
Friday, December 14, 2012
Ned Schmidt: Gold will benefit from the growing wealth of China
Ned Schmidt: All markets are connected in some way. Money flowing into some market is coming out of some other market. When an investor puts money into a stock, that money is flowing out of the money market. The same is true on a global basis. The flows are just bigger.
For 20 years, where in the world money was flowing to and where it came from created opportunities. Today, one has to understand where the money flowing to China is coming from and where it will flow. Those flows give an investor more opportunities.
Thinking like a financial engineer means considering all the methods of building a financial bridge to the future. Many think gold will benefit from the growing wealth of China. Well, where is that wealth coming from and is that creating any more interesting opportunities? The answer is yes, in the form of the Chinese renminbi. China's growing economy means that the volume of transactions in renminbi is growing, and in general at a double-digit rate. An investor is likely to double one's money in renminbi in the next ten years, and that may be better than Gold. - in daily bell
Tuesday, December 4, 2012
Jim Rogers : I’d rather buy silver than gold. I’m buying neither at the moment
Jim Rogers: On a historic basis, silver is cheaper than gold. Gold is down 10 or 15 percent from its all-time high. Silver is down 30 or 40 percent. So I guess I’d rather buy silver than gold. I’m buying neither at the moment. But if I had to, I’d probably buy silver today rather than gold. But again, I’m not buying or selling either. - in a recent interview
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