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Jim Rogers: I wouldn't buy gold, I think there's going to be a better chance to buy gold later.
Topic Started: 18 Dec 2013, 01:44 PM (3,958 Views)
mel
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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.
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Count du Monet
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I Rogers said "don't buy gold" 2 years ago I would be impressed.............saying it now, big deal?

http://www.marketwatch.com/investing/bond/10_year/charts

The thing with gold is interest rates. 10 year rates bottomed at 1.6% back in May and climbed to 3% by October, this is a rout for gold.

If rates stay where they are for a while then gold might climb next year.

It seems the ECB is trying to push up rates and is having an effect. The FED is trying to keep them down. This is War!
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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mel
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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.
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goldbug
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mel
18 Dec 2013, 01:44 PM
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?
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Pig Iron
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Bogan scum

goldbug
19 Dec 2013, 01:58 PM
And why should he at this point?
exactly. it's got further to fall still.

you should have sold at $1800/z, but now your dumb greedy ass is going to catch that falling knife.
I am the love child of Tony Abbott and Pauline Hanson
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mel
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goldbug
19 Dec 2013, 01:58 PM
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.
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goldbug
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mel
20 Dec 2013, 09:31 AM
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?
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Pig Iron
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Bogan scum

goldbug
20 Dec 2013, 01:37 PM
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?
:lol

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
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Catweasel
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Pig Iron
20 Dec 2013, 02:20 PM
:lol

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.
Catweasel say rascal can the be as a crude as it want.

Problem the be,

price of a gold in a VND, JPY, AUD, or a RM the B.

It cannot buy a gold in a Japan with a US the D,

but it can in the Vietnam.

Just like rascal probably cannot buy round of mojitos with a NZ the D,

depend on goodwill of publican and behavior of rascal and Pete, Georgie, and Dim.
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mel
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Pig Iron
20 Dec 2013, 02:20 PM
:lol

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 :lol

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.
Edited by mel, 20 Dec 2013, 04:07 PM.
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