I always listen to Jim Rogers as he is one of the few sane investing gurus in this world. He predicts gold down to $900. I was astonished at his prediction. With QE infinity I would imagine gold to go higher, but he says that it has lost its status as a safe haven. Am I smart enough to go against Jim Rogers?
he doesnt care if gold drops to $50 tomorrow. his goal is to buy more cheap/
he wants to buy it for a long term investment and pass it to his family. He said so himself. So his time horizon is a very long time. Unless you are willing to sit on your hands to making any money dont listen to him.
he goes to TV like everyone else to spew his own selfish perspective. his selfish perspective is he wants to buy more cheap with a super long term bullish horizon. he is bullish however.
The market wont give him a chance to buy lower cause gold is going nowhere but up. he should smart up to buy some. gold wont go to $1000 in his lifetime again is my guess.