Jim Rogers not selling his GOLD

Jim Rogers: Gold went up 11 years in a row, which is very unusual. I’ve never known any asset to go up 11 years in a row without a correction. It’s having a correction now. I would suspect that the correction will continue for a while. I’m not any good at market timing, but I’m not buying any gold at the moment. But if it goes down, I hope I’m smart enough to buy more—a lot more. I’m not selling my gold. - in hardassetsinvestor

Peter Schiff : We need a GOLD Based Monetary System

GIN: So you believe that paper currencies issued by various governments as they exist will continue, but they will be backed by gold?
Peter Schiff : They won’t continue as they exist because right now they have no value. They are backed by nothing.
Most paper money initially existed as a substitute for gold. That’s what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what’s backing up the dollar?
I don’t think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper. - in goldinvestingnews