Monday, November 16, 2009

Jim Rogers: Gold Will Top $2,000; Bernanke Should Resign; Buy Coffee

Our hero Jim Rogers has been back in the news quite a bit recently - here's his latest thoughts:
Even if deflation does win the day in the near term, it does seem like gold is destined for $2,000 before this secular commodity bull market is over. If you're an investor, the best thing to do is probably to continue to accumulate gold, without worrying about the price.

As a trader, though, I'd be very cautious about gold in the short term. I think we're at a key inflection point in the inflation/deflation battle, and personally I'm wary that 2010 will usher in the return of DE-flation in a big way.

1 comment:

W.C. Varones said...

Next decade? I wouldn't be surprised to see gold hi $2000 next year.

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