February 13, 2012

Gold Will Not Go Over 2,000 USD This Year

I do not think it will go to 2,000 dollars an ounce this year, no. I own it and I am not planning on selling it. It will go over 2,000 dollars an ounce one day, but not this year. - in a recent interview

Related, SPDR Gold Trust ETF (GLD)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

James Beeland Rogers is an American investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros. During the next 10 years, the portfolio gained 4200%, while the S&P 500 rose less than 50%. Rogers then decided to retire – at age 37. He is the creator of the Rogers International Commodities Index (RICI).

In 1990-1992, Jim Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analyzed the countries through which he traveled for investment ideas.

Jim Rogers is well known in the investment arena as a prophet with hundreds accurate views on economic and investment events.