Jim Rogers Gold Bubble 2010
Jim Rogers was talking investing in 2010 recently, and he said the continual concerns about the possibility of a gold bubble are unfounded, and still maintains the position that gold will eventually reach $2000 an ounce, although when that will happen of course can't be known.
Rogers added that gold is going up in price because of the falling value in the U.S. dollar, concerns over inflation, consumption of gold by China and India, and the buying up of gold by central banks.
The only bubble Jim Rogers is concerned about is one in the U.S. government bond market. Otherwise he said there isn't another bubble he sees emerging anywhere.
If there's a reason for gold prices rising, there isn't a bubble, according to Rogers. It's when everyone starts buying gold without knowing why is when you need to be concerned about a gold bubble.
As of now, the majority of people on the street haven't even looked to gold as an investment, so concerns that way are irrelevant.
For the short term, the price of gold could be affected by a temporary strengthening of the U.S. dollar, which could drive prices down for a little while. Other than that, Jim Rogers and most others believe gold will continue on its upward run in price for a long time ahead.
Jim Rogers Gold Bubble 2010
