Tuesday, April 17, 2018

Billionaire commodity trader Jim Rogers sees gold going through the roof as next market correction will be worst in our lifetime

On April 16, Kitco spoke with billionaire commodity trader Jim Rogers on what he sees for the markets in the coming months, and what asset classes one should move towards to protect themselves from the next inevitable correction.  And like what many central banks are doing right now in accumulating gold, Rogers sees this as the primary asset to buy as he expects the price to 'go through the roof' at a time when the next market correction will be the worst in our lifetimes.

Kitco: What kind of correction are you anticipating Jim? 
Jim Rogers: Well, it's been over 10 years since we've had a bear market, which is very, very unusual, so the next bear market is going to be the worst in your lifetime.  In MY lifetime, and I'm older than you. 
Kitco: So in quantifiable terms, are we talking over 50% correction? 
Jim Rogers: Absolutely. 
Also when people lose confidence in governments, and paper money, gold is going to go through the roof.

1 comments:

Just 2 weeks ago, Jim asked us to prepare for sub $1000 gold.

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