Capital Gold Group Report: Gold Prices, A Good Time to Buy
Jim Rogers, American investor and financial commentator, and co-founder, along with George Soros of the Quantum Fund, is a college professor, author, world traveler, economic commentator, and creator of the Rogers International Commodities Index. He picked up and moved from the USA to Singapore, and courtesy of the China Post, offers his predictions on gold and oil:
- "Gold is in a correction right now. I suspect it could go down to US$800, who knows, or US$750. I'm terrible at market timing, but if gold goes down some more, I plan to buy some more."
- "Oil in my view will certainly have to go above US$150 or even US$200 during a bull market. This is not a short-term view. We've not had a major oil field discovery anywhere in the world over 40 years."
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