JIM ROGERS - GOLD PRICE Due a 50% CORRECTION in 2015 & More Countries to Leave U.S. Dollar
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SUBSCRIBE to ELITE NWO AGENDA for Latest on ECONOMY / SILVER / GOLD / U.S. DOLLAR COLLAPSE / JIM ROGERS / MARC FABER http://www.youtube.com/EliteNWOAgenda JIM ROGERS - GOLD PRICE Due a 50% CORRECTION in 2015 & More Countries to Leave U.S. Dollar Famed commodity investor Jim Rogers is on Kitco News to speak about the Chinese and US economy, gold, and even bitcoin. Rogers has some very interesting thoughts about the yellow metal and where he thinks it may be headed. “Gold is still correcting… I expect there to be another opportunity to buy gold sometime in the next year or two.” He also shares his insights on the US economy and how he is not so confident in the US dollar given the country’s elevated debt levels. “No country in world history has got itself into this kind of situation and got out without a crisis or semi-crisis.” He also shares some insights on bitcoin and what he thinks of the cryptocurrency. Does the following contrast sound familiar to you? Mainstream media headlines, mostly based on either mainstream economists or large financial institutions, report continuously how weak the precious metals market is; they hasten to remember readers how the bull market had burst in 2011 and that much lower prices are just around the corner. In their view, after peaking in 2011, gold and silver are in a clear bear market. On the other hand, writers and analysts that are non-mainstream (most of them non-Keynesian) consider today’s gold and silver market as a long correction in a gigantic secular uptrend; they expect (much) higher prices in the years to come. The interesting thing is that everyone is looking at the same data and charts. "jim rogers" gold silver bullion demand asia singapore china "sell gold" "gold coin" "gold bullion" price correction "gold etf" trading trade bull bear market markets "silver coin" "perth mint" "canadian mint" interest money cash investment investor savings "bank account" "savings account" 2014 2015 usd dollar "u.s. dollar" percent sale sales cheap elite control commodity stocks "stock market" crash u.s. usa america "united states" author book supply oil economy job "elite nwo agenda" "gold mine" wealth production fracking fraking oil saudi arabia false flag attack illuminati bankers rothschild george soros alex jones infowars gerald celente david icke glenn beck louis farrakhan lindsey williams 1% anonymous protest jsnip4 demcad rawdogletard The key question is whether the gold market is correcting in a secular trend or the bear market is here to stay (till the next cycle starts). Guessing isn’t very useful when it comes to investing, but if I had to make a guess I would say that both metals sell off one final time into a lower low by early 2015. Based on historical analogues alone, Gold seems to be following the 1996-99 bear market quite well and could bottom around March 2015. At the same time if Silver falls to a lower low around March 2015, that would be one of the longest and most oversold downtrends (not including the 1980-82 bubble crash). It almost happened in 2008… but as this excerpt from Casey Research’s Meltdown America documentary notes, it appears the US military is preparing for the potential collapse of the US dollar. As Scott Taylor warns, “…if the carrot (of credit worthiness) is fading, and the stick (of military threat) is weak, that empire is going to come down in a hurry…” which leaves a serial economic mis-manager only one option to ‘secure’ the empire. The US government has run up trillions of dollars in debt, and given the recent debates over the country’s debt ceiling, we can rest assured that neither Congress or the President will act to curtail spending and balance the budget. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money. Well, the primary events are fairly predictable: they would include major collapses in the bond and stock markets and possible sudden deflation (primarily of assets), followed by dramatic inflation, if not hyperinflation (primarily of commodities), followed by a crash of several major currencies, particularly the euro and the US dollar. Food Shortages. The food industry operates on very small profit margins and survives only as a result of quick payment of invoices. With dramatic inflation Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses. Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA), which many interpret as declaring the US to be a “battlefield.” The NDAA allows the suspension of habeas corpus, indefinite detention,
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I think that there are no experts when the real deal is market manipulation.
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THE DAMNED DON’T CRY
People do forget, but the ghost of history haunts every soul that strolls through the welcoming streets of this country, in harboring a disposition that life is great, while the good times roll. Beneath it all, the ongoing selective mob’s routine is constructing a royal road to hell, and little individual cognizance of the terror awaiting such fools. History does repeat itself. A death knell declares this. Ominous observation is a path back into the French Revolution of 1793. Obviously, this is planned for America. It cannot be avoided.
Noticeably, the elements are in place of political embroilment. Too, local and alien land investors have locked into ownership investors on Wall Street. The massive touring industry is a circus across our country. The farming industry held in check by corrupt foreign idle minds, to be pleased with unimaginable desire for hungry entertainment, while streets are aliened with homeless, property- less citizens begging for food, as heavy industries have vacated to alien profits. The plan to uproot America is well lain.
Global revolutionary cycles have always encircled civil societies, in awaiting the proper moment when mental and physical slavery yields to massive nihilism. This organized confusion is not coincidental, but has found its way into the heart and soul of our once great Republic. In reverting back to the France of 1793, our national government is sewing the same seeds of open negligence and criminal hostility over taxation and rigid police state regimentation. This is the final straw in breaking the camel’s back.
In the revolutionary stage; consisted of the french insurrection in parliament were the Girondis menaced with liberalism– somewhat seeded in with the revolutionary component called Jacobin’s. Disagreement over assemblage obligation to be reconciled, unified, the Jacobin Club pulled into France professional revolutionaries, schooled in a spin-off, of an an Illuminati movement of a global influence of rule. Alien influence brought on the french terror. Then the Jacobin’s created the Montagards. This was a hired revolutionary gang under the Jacobin Club. This revolutionary seed line goes back to the days of ancient Esau, the ( Red ), God’s natural enemy. Incidentally, Girondis & Jacobite’s were democrats. their supposed to representative, within the assembly, opposed the stay of revolution, ( Robespierre ), was beheaded.
Obviously, we have a domineering factor in Congress, of Girondis imposition to unseat our President. Those of Jacobin intimidation is to level our republic as a free state. We recognize this as one of many running for the Presidency is singled out for global mob instinct laden down with Esau’s contempt for christian civilization is galvanized into a vast machine of collectivized insanity, over a sub-normal behavioral mental neurosis as self-hatred.
AMERICA IS FACED WITH A DEADLY REVOLUTION THAT WILL MAKE THE REVOLUTION OF 1792 LOOK LIKE A SUNDAY PICNIC ! -
Gold over worthless paper any day!
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I used to listen to Mr. Rogers a lot and was in awe of his knowledge. That is, until he started bad-mouthing gold and he still says gold is no good. Gold is always good.
The Nazis could not have created WWII without it. In fact, Hitler stole most of Europe's gold before the war, knowing that they would later need a lot of stuff (goods and commodities) not indigenous to Germany, so Hitler traded with lame-duck countries for Cobalt, Tungsten, Iron, Oil, and whatever else they needed because they accepted soon to be totally worthless Reischmarks, and stock-piled a lot of their needs before the war, and with gold.
The countries that sanctioned him would still secretly accept Gold, of course (but not Reischmarks), so he saved the Gold for trade with those countries. Nobody ever turns down GOLD. I just laff when I hear these gold-bashers who say how useless it is, and that it will fall to the floor in US dollar price.
I think there is but one way that that could happen where Gold could fall to ZERO US dollars, IF and only IF, THE US DOLLAR WAS DISCONTINUED AND IT WOULD BE WORTH ZERO, AS WELL. Everything presently priced in dollars (Oil, Gold, Silver, all other metals, etc) would be revalued to the NEW Reserve currency.
This is not too far away, since the US dollar as we know it, has lost 97% of its 1913 purchasing power, in a mere 102 years. The DOLLAR AND GOLD that backed it in 1913, were both worth $1.
Now, that same paper dollar is worth nearly nothing, and the same gold that backed it, is now worth $53.21. Even if gold dropped to USD $250, that same $1 worth of gold back in 1913, is still worth $12.10.
Gold has done it's job of storing its owners' wealth, no matter what all of these supposedly "intelligent" academics say, and who use all this fancy math and technical anaylsis to "prove" that gold is a useless relic and its price is going down, when in reality, nobody has a crystal ball..
But they only make it sound complicated, so that YOU and the average lunch-bucket will think that it is beyond them and just give up, when really, the question and answer are so simple.
The answer to preserving your wealth is, of course, Owning Physical Gold and storing it in a non-bank vault. The question is even simpler. If you have a glass of Rum and Coke, with one ounce of Rum and four ounces of Coke, mixed perfectly...
What happens if you add another four ounces of Coke? Everybody knows that it has been diluted by a factor of 2:1, not counting the ounce of Rum, so now you have to drink twice as much Coke to get the same ounce of Rum.
You could say that the same Rum that will always be one Ounce in there, is less valuable. This is so simple that a five year old can understand the concept when their Kool-Aid is diluted.
It's the same with paper money. When you print more of it, the original dollar is worth less than before. The same 1913 dollar has been diluted many times over and this is called inflation.
Inflation is not just rising prices, it is also when other assets are worth less in terms of the currency being printed. Like your pensions that are rapidly depreciating because the interest rates on savings are now near ZERO.
In the 70's, you could retire very comfortably on a million dollars (or less) because you were getting 8% or more by investing it and your principal doubled every 9 years.
Now, you need at least 5 million dollars to retire with because the return is so pathetic, and even if you could get 1% return, it would take 72 years to double the principal.
So, even though prices are not rapidly rising at this point, your pensions are being diluted with the low interest rates, and the corporations are getting richer with near-zero interest rates. The inflation has been transferred to the stock market and the average lunch-bucket is getting the full burden of the inflation from the quintupling of the money supply since 2008. The inflation is still there, you just don't see it as much.
At some point, the US dollar could be de-throned, for printing too much money and exporting most of its inflation, elsewhere. The world, especially China and Russia, are very annoyed about this, and are moving away from the US Dollar and refusing to recognize it as the reserve currency because the US has abused the priviledge.
The funny thing is that, while everyone shits on gold, they forget that the piece of paper that they hold in their hand, be it currency or stocks, is just as silly, and the notion that the paper has more value than gold, is preposterous, given that it costs about $1100 to dig each ounce out of the ground and process it.
They also fail to recognize that EVERYTHING (not just gold and silver) is dropping. Oil, stocks, bond prices, or in other words, the very sacred cows that the gold-haters are so enamoured with. The stock market is at the top and is stalled recently (Aug 2015), and is looking like a crash is imminent.
Gresham's Law: Government is the only agency who can take a useful commodity such as paper, slap some ink on it and make it totally worthless. Paper money is only accepted as money because, at that moment you receive it, the currency is worth whatever the holder of it can convert it into, and buy some happiness. It's only real advantage over gold and silver, is convenience.
But as I have demonstrated, paper currency is NOT, a store of value because it is being constantly diluted by money printing. Gold has demonstrated time and time again, that it is the perfect store of value as well as having all of the other attributes of money - Durable, Divisible, Fungible, Rare and can only be duplicated by mining it, Small Size, Portable, and a store of value. You can store a lot of wealth in something the size of a chocolate bar.
It is very conceivable that China will own the next reserve currency, and China loves GOLD. If that happens, watch the gold price rise, as the Chinese work toward recouping the losses from holding a few trillion US dollars for all these years. -
it gets tiring hearing someone with a cranky attitude talk
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Gold prices are going down more than 50 p.c. And commodities are all on the decline. Those who are left standing will benefit.
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If you have $100 000 in the bank when it crashes it'll only he good for wiping your ass. If you have $10 000 worth of gold it will be worth more than $100 000. Paper and digital stocks are dead. However clean drinking water and food will be worth more than silver or gold when everything crashes and Marshal law is operational. People will give up their gold for a warm meal and a bed in a fema camp.
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jim rodgers is part of the fear marketing cartel.
JIM ROGERS - All FIAT CURRENCY will be WORTHLESS in 2014. Dont SELL Your GOLD or SILVER
Jim Rogers: Global economic shocks coming in 2013-2014
Jim Rogers: World War 3 and Commodities
JIM ROGERS - The GOLD BULL MARKET is NOT OVER
JIM ROGERS says Buy China, Russia & Japan
JIM ROGERS - Sell Everything & Run For Your Lives
2014 Global Economic Collapse - Jim Rogers
should I go on? -
if you invested like someone like rogers you'd have only like 1% of your entire wealth in it and when he says he'll buy means he'll increase by what a half percent so you need to take this advice in context. Billionaires like him spread their wealth over many investments not just a few to protect themselves against the unforeseen so invest accordingly. Most people with any finances should have probably no more than 5% in this stuff. Sorry I like gold but don't love any investment. Keep some cash and some stocks too cause we have no idea what this crazy market will do.
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Jim Rogers is a goof. Some people are born as goofs, some achieve their goofiness and some have goofiness thrust upon them. But one way or the other Jimmy is a goof. I think people call him because they confuse him with the guy who sang "Honeycomb" in the '50's. It is a great song. But anyway, I digress. I'm about to make a 180' turn. I hated gold as an investment calling it a useless metal and good for only jewelry. But I just might be mistaken about that. It is pretty clear now to all that have a pulse that the FED and all the other central banks are going to continue to debase the fiat currency. This manufacture of money has lead to the bubble in assets, namely in real estate and the stock market. And now, I wonder, what about gold. As useless as it is, it is more valuable than paper. And the stock market and the real estate market just can't to the moon. The big money players know that and are going to act accordingly. The new asset to put in a performance as a Roman candle is ole trusty gold. I think the time to take a shot at some gold is very near or it could be today or tomorrow. Are you taking notes? Gold is heading up, up, up. There it is. Right from the oracle of dreams. When you make a wad of dough on your gold, send me my commission.
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In case you don't know the terminology "proper correction" is that price where mega rich guys can buy a butt ton and then manipulate the price back up so schmucks will blow their families savings buying it before they manipulate it back down again and hold out until people are bankrupt and desperate and sell at lower prices before they manipulate it back up again. Repeat repeat repeat.
Has nothing to do with supply and demand. There are no fundamentals to speak of. You can't time a market that is rigged to move up and down based on the agenda of those pulling the strings. -
Are his dentures loose?
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Rogers said when gold goes to 1200, he hopes he is smart enough to buy..
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he is dreaming about 900 dolllar an ounce gold...it has corrected from a high of 1900 to about 1160 and now is at about 1250....it will not go any lower..they cant even mine it at these prices...it is the paper derivative markets that have driven the price down and they posses no physical gold..its paper...in asia..the premiums to buy gold are much higher..eventually the price of gold and silver will go higher..maybe they are trying to drive out the weaker hands who are holding but i dont think too many individual investors really speculate with gold that way...they buy it and hold it for the long term...so who does he mean by the weaker hands..speculators...???they would have sold by now if they were just speculating with gld or slv shares..since it has been five years since gold hit its high and it has been downward spiral for silver even though they didnt talk about silver i think there is a valid argument that silver will also have to go higher along with gold since it is one of the most highly used metals in industry and the margins to purchase the physical are very tight..there is almost no extra supply every year they are hitting all time highs for demand in silver and gold...i think china is buying as much as they can and so are the other central banks in the world preparing for a huge stock market correction..he didnt mention that this stock market hasnt corrected in over 7 years..no significant correction...like he said fifty percent...silver has fallen more than that..and gold has falled about 40 percent......many people feel gold will have a strong rise this year and the markets will drop bond and stocks..in usa and all over the world...the valuations of these stocks are ridiculous..and i wouldnt want to be in anything but gold and silver at this point...but physical not the etfs.....etfs are the problem we havent seen 3000 per oz gold....if all was said and done..thats what the price should be at given the huge demand and silver should be around 150 oz
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But Pete Schiff says gold is ready to take off like a rocket ship - who do I believe??
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He never answered the question ...why is gold going down if demand is rising.
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Hemp > Crude
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EXACTLY, ... it's a MARKET.
People who live on this fantasy that gold price is made because of it's relationship to inflation only are not dealing with reality.
Same goes for the price of gold being stable, and that you can throw your money into it and never lose money.
Buy gold when it's low. (and if you wish to sell, sell only when it's high, like now)
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