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Talk about gold what -- trended -- to the downside to losing its shine once again.
For the past six sessions gold has lost a total of 6% shares dropping to the lowest level in nearly a month today after a number of Wall Street heavyweights.
DM and their stakes in the bright metal is the gold rush over or is now the time to buy and if not now.
At what price we thought we'd ask legendary commodity investor Jim Rogers.
Rogers holdings chairman who actually called the fall several months before it happened -- so.
I think you know.
I watch fox gathered to watch fox business for good this -- that we -- That way don't ask your question the play is gonna be -- time benefits and I think that would hit that would be the best part all right texting while pilots.
Five go to I I only -- and I didn't -- and then as I told you before group but even though I expected this to have a.
I don't know where I'm -- by thirteen hundred I would probably start buying again 12100 I'm it was a -- Alice electrical heard about 13733.
Outs that you say.
Around thirteen hundred would be a point where -- sniffer out and say let me add to the position I would have to start buying again yes that would be over 30% decline.
Then it might go to -- 40% decline and maybe even 50% decline but I was started buying the -- the ball -- goes on over.
It's having a long overdue correction as we discussed many time -- play should be the value of gold in a portfolio.
Well what's the value of arts with some bad -- a vote antique car let's about anything.
I've got some in my pocket -- -- -- -- how -- -- I outcry about how cops being very pleased and Kerry as -- I have now I never know you know there is no war is what you're buying coins and bars I mean you got it Shia side I am ETFs and calling it.
That's what kind of cuts while we tips as well enough the GOP for example if you look at the -- Ohio.
Why not what's the difference between GOP my own -- -- commodity is part of a commodity index and on it that way and you'll -- the GOP was a 174.
Dollars for that price.
Right now it's at a 134.
Lot of people feel that would be the allure of an ATF is -- office as exciting as the actual physical gold itself.
Well as the ETF you can buy you don't have to pay as much for premium these -- you do have to pay a premium and you sell you have to you lose something but.
It just depends on your own sites and some people like to buy gold mining stocks.
I prefer the real stuff in my pocket.
I don't have all my go -- my pocket I assure you but and I prefer to have the liquidity of -- -- yeah.
-- pretty safe but they may try and shake it down now that they don't know anything when I woke up the door I'm sure that's the Fox News crew is gonna shake it down.
Yeah -- but not Fox Business Network and where were we got it and I know the difference -- -- other commodities are you buying right now.
But I'm not buying anything right now but -- agriculture -- well I'm looking at -- -- -- good day out you're buying rush if I had enough.
I've done enough homework that the -- of the bonds of some stocks but I'm not buying -- commodities right now.
Jimmy is heavily or well not heavily but invested in Japan at the moment you've done pretty well looking at the Nikkei 220 -- you on the Nikkei you individual Japanese and us which ones do you like right now well I -- I actually -- -- my Japanese ship bottom during the tsunamis you may remember.
And I so somehow this week it did everybody hear that he -- just as the fear was the strongest during the tsunami.
Yeah OK here we don't have to Galindo had to -- on his show before I told you when the tsunami yet I bought shares in Japan.
I have learned it when a natural disaster hits everything collapses but normally you buy because the natural disaster doesn't come back.
And -- -- -- a great time device that now Japan is doing exactly what Ben Bernanke has been doing and that is really heavily.
Devaluing well Ben Bernanke is is trying to prop up by buying a lot of -- keeping interest rates -- same with the Bank of Japan is this worrisome to you it's terrifying to me now from this for the first time in recorded history.
Every major Central Bank.
Nearly every is printing money.
Germany out of Europe America.
We're all pretty much this is never happened in world history.
That everybody's debasing their apartments are doing well why I don't -- -- disaster signed markets are going through the -- some people the benefit -- -- the Japanese yen is down 27%.
In six months.
Inflation in Japan is going to go through the roof that's not good that's not good for anybody.
Except -- he has sold some of his Japanese stocks he is waiting for gold at thirteen hundred thank you very very much Jeff terrorists are just helping you could just 11100 I'll bring you summed -- have.
Who can deal -- after his current programs hidden in the wall.
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