Jim Rogers on Gold: ‘Anything that makes an all-time high, I don’t particulary like jumping on to buy’

by | Oct 10, 2009 | Jim Rogers

Do you LOVE America?


    Jim Rogers on Bloomberg October 7, 2009 discusses gold (Video follows excerpts and commentary).

    I do think that during the course of this bull market gold is going to make new all-time highs adjusted for inflation. If you go back and adjust the old highs for inflation back in 1980 gold should be over $2000 an ounce.

    It is important to understand the point Mr. Rogers is making in regards to gold. Yes, in terms of dollars-per-ounce we have hit an all-time high in gold. But, as Mr. Rogers stated, the dollar has literally lost about 50% of its value since the early 1980’s, so we have not yet reached the ‘all-time’ high in real US Dollar terms.

    The longer term trend for gold is very bullish as governments continue to print money and the public confidence in their abilities to mitigate the crisis deteriorates.

    However, if an investor is thinking about jumping in to gold with 100% of their net worth, then caution would be recommended, especially if the investor does not understand the reasons they are buying gold. We have seen gold move from as low as $880 just a couple months ago to $1050 today. With all of the shenanigans going on in the US Dollar, gold could just as easily drop $200 in the next few months, especially if we have upward momentum in the dollar and a re-collapse in the stock market.

    Watch Jim Rogers on Bloomberg – October 2009

    Hat Tip to All Things Jim Rogers

    Jim Rogers fan? Check out two more early October 2009 Jim Rogers Interviews at Value Investing Pro


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.


      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.