Our hero Jim Rogers has been back in the news quite a bit recently – here’s his latest thoughts:
- He sees gold heading north of $2,000 in the next decade
- Ben Bernanke should (still) close the Federal Reserve, then resign
- He likes the Japanese Yen best at the moment of the currencies, but wouldn’t buy it just now
Even if deflation does win the day in the near term, it does seem like gold is destined for $2,000 before this secular commodity bull market is over. If you’re an investor, the best thing to do is probably to continue to accumulate gold, without worrying about the price.
As a trader, though, I’d be very cautious about gold in the short term. I think we’re at a key inflection point in the inflation/deflation battle, and personally I’m wary that 2010 will usher in the return of DE-flation in a big way.
Further reading: Terry Coxon on when you can expect inflation to rear its ugly head.
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