Sunday, January 16, 2011

Jim Rogers: How To Spot A Top In Gold

“When there’s a bubble, everybody is buying something and it’s going up every day. You cannot say that about gold.

Th jewelry shop windows have signs that say 'We buy gold' but most money managers still do not have gold holdings in their portfolio. When jewelry stores have signs up saying 'we sell gold' and have lines outside to buy, when everyone owns gold, that will be the sign of a top.

Those days are not here yet. You can’t have a bubble until everybody owns something."

Jim Rogers

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