In a recent interview, Singapore-based billionaire commodities investor Jim Rogers, said that he expects higher prices for gold in the near future. Discussing the ramifications of a war with Syria, Rogers said…
“I own oil, I own gold, I own things like that if there is going to be a war … they’re [going to] go much, much higher.”
“Stocks are [going to] go down … commodities are [going to] go up,” he said.
Also in a recent interview, Marc Faber said “considering how debt levels will continue to increase and how central banks will continue their monetization not only in the U.S. but on a worldwide scale, I assume the price of gold will trend higher.”
He said “most likely we’ve seen the lows below $1,200″ and gold will eventually be over its all time high of $1,921.”
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