In this interview, Jim shares his views on gold and his thoughts on investment.
Showing posts with label Jim Rogers. Show all posts
Showing posts with label Jim Rogers. Show all posts
Wednesday, March 25, 2015
Wednesday, July 17, 2013
Is the bull market over?
If you agree with legendary investor, Jim Rogers and you are convinced that the long term picture for gold and silver are favorable (ie the bull market has several more years to run), then you may witness an incredible buying opportunity in the weeks or months to come. However, it takes tremendous amount of courage and conviction to go against the herd, but experienced investors will tell you that this is where the real money is made.
Tuesday, July 9, 2013
Gold below cost of production
Will mining costs create a floor for gold prices? This is a popular argument that gold bugs (bulls) cling to, with the idea that if gold continues to be below the cost of mining, then miners will stop mining and tighten the supply forcing gold prices up.
Here is what, Jim Rogers (Chairman of Rogers Holdings) has to say regarding this during his interview with Business Insider:
"I've been in the investment world a long time and I know that things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines. It cost money to close a mine, it costs money to re-open a mine, so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it's something like a mine which is expensive to close, and expensive to open."
ORIGINAL SOURCE
Here is what, Jim Rogers (Chairman of Rogers Holdings) has to say regarding this during his interview with Business Insider:
"I've been in the investment world a long time and I know that things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines. It cost money to close a mine, it costs money to re-open a mine, so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it's something like a mine which is expensive to close, and expensive to open."
ORIGINAL SOURCE
Tuesday, June 18, 2013
Jim Rogers: “Thank Goodness” For Gold’s Correction - June 17, 2013 Kitco News
"Kitco News asks Jim Rogers his take of current events like Deutsche Bank's new gold depository in Singapore and the two new Chinese ETPs. Rogers also talks about how India's Finance Minister Chidambaram repeatedly urges the public to stop buying gold, stating heavy gold imports hurt the Indian economy. Finally, Rogers says that the gold correction in April was necessary for gold to avoid an even worse crash. Despite the April sell off, Rogers is still purchasing gold (and silver)....In regards to Roubini's bearish comments on gold earlier this month, Rogers says he'll ignore those predictions." Kitco News, June 17, 2013.
Original source:
http://www.kitco.com/news/video/show/on-the-spot/336/2013-06-17/Jim-Rogers-8220Thank-Goodness8221-For-Gold8217s-Correction----June-17-2013
Original source:
http://www.kitco.com/news/video/show/on-the-spot/336/2013-06-17/Jim-Rogers-8220Thank-Goodness8221-For-Gold8217s-Correction----June-17-2013
Monday, May 20, 2013
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