Going long gold is an awfully crowded trade these days. But Jim Rogers says gold is going to go much higher, so he isn't selling. Also, he advises that you stay away from mining stocks and just buy the gold. 
Alix Steel from TheStreet.com interviewed Rogers.
Rogers' love of gold is nothing new, but with gold in a strong bull market, I wanted to know if the trade was too crowded.
Jim Rogers: I don't ever like to buy something making all time highs however I'm not selling my gold. Gold is going to go much higher in the course of the bull market. Doesn't mean it can't go down 20 per cent next year but during the course of the bull market it is going to go much higher it is certainly not a bubble yet.
No comments:
Post a Comment