REFILE: Why Jim Rogers Says Gold Prices Will Be ‘Explosive’
Another bullish call for gold comes with yet another call for a financial meltdown, this time from famed investor Jim Rogers.
The best-selling author expects the next financial crisis to be the “worst” he has ever seen.
“We’ve had economic problems in the U.S. or in North America every four to eight years since the beginning of the Republic so to say that we’re going to have a problem is not unusual,” he told Kitco News from the Freedom Fest conference in Las Vegas.
“I would expect it to start this year or the next…and it’s going to be the worst in your lifetime and my lifetime.”
But, even as Rogers expects gold prices to be “explosive” once this crisis hits, he said he is still not accumulating the yellow metal.
“I’m not buying gold and have not bought gold. I own gold and have owned gold for years but I’m not buying or selling it at the moment.”
Read the rest of the story on Kitco.