Gold Prices Outlook

jimrogers-investments.blogspot.com

The US has been giving the signal that it is going to print more money and Japan has recently said they are going to print more money - what is happening is that money printing is starting again and the market knows it.

A bubble will form one day for gold but it won't be any time soon. Seventy-five per cent of the people had never owned gold, or silver. So you can see most people still do not own gold. For most people in the world gold is still an unknown entity.

During gold's hysterical phase, in 5 to 7 years, everyone will be buying the yellow metal.

It is not the way people are supposed to invest but they see something moving and they all want to jump on. The gold bull market has a long way to go, all commodities have a long way to go - in the end we will end up with a hysterical bubble, at which point I hope I am smart enough to sell, but that is years away.

Jim Rogers