Yesterday, commodities expert Jim Rogers of Rogers Holdings spoke on CNBC ‘s First On show about Gold, the Dollar & a variety of other economic concerns. He gave support to Gold in the long term stating, Gold has been in an 11 year rally it is due for a correction, but it is not finished making gains long term. He went on to further state the Dollar is a horrible currency and every one hates it, but in times of crisis people run to it as a safe haven which is the wrong thing to do.
Finally on QE3 he said the Fed & Bernanke will print money it is all they know to do. It is the wrong thing to do but they will do it anyway. They are printing money now but they are not calling it QE3. With all of this happening and the precious metal/rare coin markets at the lowest premiums in decades now is the buying opportunity not seen since 2002 when gold was trading below $300. To quote Rogers, 2013 is going to be a huge mess & 2014 will be a real mess.
Watch the full interview here: