12
October
Gold will hit $2,000 an ounce within decade, says Jim Rogers
12 October 2009 MarketWatch
Gold prices, which just reached a new record high above $1,060 an ounce Thursday, will top $2,000 in a decade, according to Jim Rogers, a famed investor known for his bullish calls on commodities.
Rogers, speaking Thursday at the sidelines in a conference held by ETF Securities in New York, said gold prices will keep rising as a protection against a weaker U.S. dollar.
The dollar "is a terribly flawed" currency, he said. "Foreign debts are increasing rapidly every year, and I don't think Washington seems to care."
Rogers, chairman of Rogers Holdings, said prices of other commodities, such as oil, copper, and sugar, will continue to rise in the long term as the world will face more demand but shrinking supplies.
http://www.marketwatch.com/story/jim-rogers-says-gold-will-top-2000-in-decade-2009-10-08
