“I think Gold shares are very inexpensive. So a basket of Gold shares I think next year could easily appreciate 30%...
Saturday, 21 December 2013
ROGERS: If Indians Start Selling their Gold, Then Who Knows How Low Prices Can Go? (GLD)
Jim Rogers : [1] The anomaly of the 12-year rise, for one thing. [2] India as we have discussed before. Indian politicians are blaming their problems on gold, so [they] have added special taxes, tariffs, controls, and regulations. Pakistan and Bangladesh even totally banned imports of gold at one time.The politicians are now trying to figure out ways to force Indians to sell gold. There are staggering amounts of gold there. The...
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