Jim Rogers on Gold Seek Radio 30 June 2009

Jim Rogers on Gold Seek Radio 30 June 2009
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[KevZen2000]

With the cap n trade, and carbon tax energy prices will sky rocket.

[chop98]

Take the money you know you waste and buy gold and silver while the two are still relatively cheap. It will be your time to come out ahead whether it be with a new world currency or a rebounding dollar in a few years. You can't own enough of it.

[Alucardthedeadone]

if it goes down with this market in the next 12 to 18 months that will be the start of the levle2 of the bull market.

[Alucardthedeadone]

well because golds vale can never go to 0, unlike shares. also gold is good both up and down.

[drewmandan]

Gold will only fall on a time horizon of months. It will always rise compared to any fiat currency on the scale of years. But yes, people should diversify to other commodities to shield themselves from risk. Silver is a good investment, as is oil (or more likely, an oil index), as well as investing in companies that operate in the healthiest parts of the world, which at this moment would be China and SE Asia.

[jarden69]

Good Point.

I just have this ominous feeling that a LOT of people who rushed out to buy Gold (Late in my opinion...after it shot up to $900 after being at $300) are going to get hurt at some point. No one knows the future, and it IS possible that gold could fall considerably. The amateur economists on here who think they are now Austrian will probably laugh at me...but we shall see.

[drewmandan]

Gold isn't for speculating; it's for preserving your wealth. Now, keeping fiat currency in a bank, that IS speculation.

[pmarie2003]

Rationalific, You are right! No pouring over a prospectus, no comparison charts, no hand wringing, no large initial investment.... I't's 4:30 a.m. and I just checked the markets. Maybe I need to slow down! ;-)

[Rationalific]

@pmarie2003: Yeah... You know, buying precious metals has been the most stress-free investing I've ever done. When the price goes up, I say, "Yeah! That's great! I'm making money!" and when the price goes down, I say, "Yeah! That's great! I can buy more for cheaper!" Actually, I find myself wishing that prices will stay low...

[daniel987878]

I'm betting gold declines significantly. The timing and price trajectory is more complicated though. Gold could rise for a while to like 1200 or similar if problems expand (terror, conflict, etc). But IMO it is in a long term bear market begining about now or 12/18 months from now.

[jarden69]

I'm hearing more and more of this. I just ahev this ominous feeling that when we started hearing all the Gold companies advertising lefta and right, it was too late at that point. How is Gold not a Bubble, just like ANY other assets class that get's run up like it did?

[pmarie2003]

Rationalific: Check those prices now! I might be buying more soon. I'm looking at gold too for diversification. I may be living cheap, but I still have some fun--horses, eating out once/week, but I've cut back A LOT. The worst thing that can go wrong is I have more paper to exchange for real money.

Heathens...yes, because we actually THINK. Let the believers pray when inflation is spiking and the food lines start. You know how well that will work.