Friday 12 August 2011

European countries don't deserve current credit rating: Jim Rogers - August 2011

NEW DELHI: Commodities investor Jim Rogers says as governments the world over debase their currencies, investors will take refuge in real assets and gold is one of them. And European countries don't deserve their current credit ratings.
Gold price movements
Well, I own gold and I see gold breaking new highs and racing up. I don't like to buy things when that is happening; when gold goes down I will buy more gold. Gold is going straight up, it will probably correct somewhere and I hope it will correct somewhere along the line and if it does I will buy more.

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