Speaking with Investment Week, Jim Rogers of Rogers Holdings said he doesn’t expect gold to surpass $2,000 in 2012, putting him on the other side of the boat of some well-known analysts.
“I do not think it will go to $2,000 this year, no,” said the 69-year-old American expatriate living in Singapore. “I own it and I am not planning on selling it. It will go over $2,000 one day, but not this year.”
No elaboration on Rogers’ latest take on gold was contained in the Investment Week article of Feb. 10.
In sharp contrast to Rogers’ sentiments about the yellow metal, almost every regular guest on King World News, save Marc Faber, has come out with some bullish expectations for the gold price in 2012. One in particular, Matterhorn Asset Management Founder Egon von Greyerz, told Eric King this week that he expects gold to reach $5,000 per ounce within 24 months, with a reasonable assumption gleaned from his forecast that he expects gold to clear $2,000 by the end of this year. Otherwise, is von Greyerz suggesting a triple in price for gold during 2013, alone?
