The second largest University fund in the United States has begun to buy gold. But this isn’t a tipping point. Gold and silver Jim Rogers says, have been going up for ten years. This is what have been getting everyone’s attention. There will be more people buying gold, and eventually we will have to sell all our gold.
As for silver Jim Rogers says that if it goes to triple digits this year, then we will all have to sell. It will mean that silver will have entered a parabolic move, and all parabolic moves end badly. Silver will most certainly go to triple digits, but hopefully it does so in an orderly fashion. If it hits $100 this year, then we will need to sell. It’s no parabolic yet. Hopefully something stops it soon and we have a correction. Parabolic bubbles pop in the end. Perhaps the US dollar becomes confetti in 2011, and it that case you would want to keep your silver.
You should watch the strength of the dollar and the price action of gold and silver to help you make your decisions. Gold and silver Jim Rogers reminds us, will be a bubble one day. All commodities will be a bubble some day. But that bubble won’t happen in 2011. More likely would be 2017 or 2018. But it could happen sooner, you never know.
