RERUN - Jim Rogers: “Before This Is Over, Gold Might Turn Into A Bubble”

Famed investor Jim Rogers, chairman of Rogers Holdings, told Kitco News that while he is not yet buying gold at current levels, a rebound in the yellow metal could cause it to overheat.
“Before this is over, gold could turn into a very overpriced asset, it might even turn into a bubble,” he said.Rogers noted that while he holds physical gold, he would not buy more until prices drop below $1,000 an ounce.“I’m still waiting for $950 an ounce, or something like that,” he said.
On U.S. equities, Rogers said that current valuations are overstretched, although stock prices could still climb higher on good news. (show less)

Famed investor Jim Rogers, chairman of Rogers Holdings, told Kitco News that while he is not yet buying gold at current levels, a rebound in the yellow metal could cause it to overheat.
“Before this is over, gold could turn into a very overpriced asset, it might even turn into a bubble,” he said.Rogers noted that while he holds physical gold, he would not buy more until prices drop below $1,000 an ounce.“I’m still waiting for $950 an ounce, or something like ... (read more)

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The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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