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Wednesday, April 7, 2010

Jim Rogers: Keep Your Gold

Jim Rogers on Gold

Jim Rogers reminded investors in gold to hold onto it and not sell, as he maintains gold could go as high as $2,000 over the next 10 years, and those discarding it will miss out on a lot of profits.

Of course it also must be considered as the best place of safety at this time, and there is no paper currency close to it for those who understand the staying power of gold.

For the first time in a long time, gold has fought the U.S. dollar as the haven of choice, and even when the dollar goes up, there have been days where gold has risen with it, defying the usual inverse relationship between the two where gold will go up when the dollar goes down, and the opposite.

When they go up together, that means a sizable number of people and/or institutions consider gold to be safer than the dollar, and that's quite a change from the normal behavior of those looking for safety.

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