Poor Jim appears to be turning Keynesian. At 19:30 he says he doesn't see a crash any time soon 'due to the money printing'. People who have followed Jim Rogers will know this is well out of character. He also says "I wouldn't buy gold, I think there's going to be a better chance to buy gold later."
Shadow, I wonder if a 'capitulation' thread might be in order for economists and larger investors worldwide.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
To his credit Jim called the correction in silver (although it was too early) and he was calling for a correction in gold just before it corrected. What I honestly find very surprising is that he still thinks it has further to fall.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
People who have followed Jim Rogers will know this is well out of character. He also says "I wouldn't buy gold, I think there's going to be a better chance to buy gold later."
And why should he at this point? He already owns a ton of it, all bought back when it was selling for $250/oz. Just because you property speculators put all your eggs in one basket don't assume the rest of the planet does. I would be lucky to have a third of my assets in gold and Jim probably has less. Read what he is saying in context before you open your mouth.
The level of intellegence on this forum is bewildering some days.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
And why should he at this point? He already owns a ton of it, all bought back when it was selling for $250/oz. Just because you property speculators put all your eggs in one basket don't assume the rest of the planet does. I would be lucky to have a third of my assets in gold and Jim probably has less. Read what he is saying in context before you open your mouth.
The level of intellegence on this forum is bewildering some days.
No, you're confused again. Gold has been kicked in the balls through yet another support since you wrote that a few ours ago.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
I would be lucky to have a third of my assets in gold and Jim probably has less. Read what he is saying in context before you open your mouth.
No, you're confused again. Gold has been kicked in the balls through yet another support since you wrote that a few ours ago.[/quote]I see you managed to ignore the point of my post. It's standard proceedure with you isn't it mel. Put your foot in your mouth and then move on as if nothing was said. If you don't start learning from your mistakes you will never get anywhere in this life.
BTW, Gold is $1350 here today, it is our curreny tanking against the US that makes the US gold price look bad. I thought you would have worked that out by now?
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
BTW, Gold is $1350 here today, it is our curreny tanking against the US that makes the US gold price look bad. I thought you would have worked that out by now?
no fuckhead gold is priced in USD. hence why you try to distract everyone with showing prices in AUD because the AUD has tanked.
everyone is on to you, we aren't fooled at all.
I am the love child of Tony Abbott and Pauline Hanson
no fuckhead gold is priced in USD. hence why you try to distract everyone with showing prices in AUD because the AUD has tanked.
everyone is on to you, we aren't fooled at all.
and today he said he bought @ $250. Hmmmmm
For the sake of argument I would like to know what cherry picked number he can provide for an AUD gold purchase and compare it with the same money left in an Australian term deposit for the past XX years. I'm betting that even cherry picked gold won't have beaten it by much while many others who bought lost money.
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