Jim Rogers, who has long been bullish on commodities, tells CNBC’s Maria Bartiromo that despite the recent spike in the gold’s price ; the market is not experiencing a bubble.
“I wouldn’t think of selling [gold],” Rogers said. “If gold goes to $1,000 — or pick a number — I hope that I’m smart enough to buy more….Until last year central banks around the world were selling gold. Now you have the opposite. They’ve stopped selling and they are starting to buy as well. That’s a huge shift in the gold market and many other people worry about paper-money as well. So I think gold will certainly go to a couple of thousand dollars over the next decade. I mean that’s not a radical assumption.”
According to Rogers, gold will power the great commodities bull run that will last for the next decade. With many people worried about the deficit and paper money, gold will be a great investment and relatively few people are invested in it. “So when you say it’s a bubble … nobody owns gold yet,” Rogers said.
I’m reluctant that the Pit bull desires a particular kind of operator…these pet dogs, no matter how ‘loving’ still have teeth, are nevertheless creatures not having moral principles and once they DO bite, won’t let go. As in all creatures…some have a tendency to be a lot more suseptable to instinctual behavior and time and time again, this breed tends to accomplish just that.