Posts Tagged ‘Jim Rogers’


Jim Rogers: What Price You Should Start Buying Gold


“…if I had to buy one today I would buy silver” – Jim Rogers

10 Nov 2011 – THE DOLLAR Gold Price is set to reach $2400 per ounce, according to legendary investor Jim Rogers, cofounder of the Quantum Fund with George Soros in 1973. Despite his prediction, Rogers says he is more interested in Buying Silver.

^ Jim Rogers suggests buying real asset

The Gold Price “will easily go to $2000, but it will reach $2400 over the course of the bull run, which has years to run,” Rogers told CNBC this week.

Rogers also predicts the Gold Price will enter bubble territory – though he says this may be some way off yet.
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Herd Mentality on Silver: Six Tips on How to Avoid

Herd mentality describes how people are influenced by their peers to adopt certain behaviors, follow trends, and/or purchase items. Examples of the herd mentality include stock market trends, fashions in apparel, cars, taste in music, home décor, etc. – Wikipedia

^ Don’t be among the sheep. Meehhh…

If you have not heard about herd mentality, you may want to stop your world for a second and read up a bit on it. Chances are if you are making decisions based upon the actions of others, you may be among the sheep.

Investors with herd mentality are usually at the bottom of the food chain when it comes to investment. Because they rely mainly on grapevines, they usually buy during uptrend and sells during a downtrend.

Here are six tips on how to avoid being a sheep.

1) DYODD – Do your own due diligence.

Everybody is a guru of their own league. Without a solid understanding on the fundamental, you will be swing left and right by all these so-called investment gurus.

Some may predicts silver will dunked down to $25/oz and that would be the best time to buy. Another guy you barely known will say it is now or never! Dig out all your cash today and buy as much as possible today! Price will start shooting up tomorrow! Target $65/oz!

^ Mike Myers is the silver guru. He foresees silver will go uptrend forever.

You should start by understanding the primary fundamental of silver before diving into it. Having your own point of view is crucial. Bear in mind that sheep does not have the ability to think, they just follow.

Unlike gold, silver is a hybrid with two major usages. Almost all silver ever unearthed are channeled into industrial usages. Merely 5% of silver are used for store-of-value or monetary purposes. Silver is traded just like any commodity in COMEX and is subject to volatility. Unless you are able to tolerate the yo-yo like prices, you may want to consider alternative investment.

Do your own research sufficiently on the nature of silver.

DYODD and be your own guru.
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Jim Rogers: Don’t Sell Your Silver

As I am typing this, silver drops from yesterday’s high of USD42.60 to today’s USD37.80. Below is what Jim Rogers said few months back.

Have a good weekend ahead!


Hot Monday: What’s next for Silver & Gold after the US debt clock?

It’s going to be a hot sizzling Monday today. Washington now has one more day to solve the puzzle before the debt burst. Unless they come out with a fire-fighting plan, US will start defaulting on their record-breaking $14.46 trillion debt by tomorrow.

Are we greece? - US Debt

How would this impact the precious metals?

In short, the more money the Fed prints OR the weaker the dollar is the better it is for the PM market. That would happen if US raises their debt ceiling or decided to start defaulting its current debt. That’s the bull camp.

If Washington are able to stop ballooning their $14.46 trillion ceiling, not default its current debt AND turn their Federal P&L from red to black – that spells the bear for PM. Been spending my entire weekend catching up the debt news and to have THAT, is almost unlikely.

Following are some materials that would go along well with your morning coffee.

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