Sunday, November 29, 2009

JIm Rogers on Gold and Geithner

Jim Rogers, the famous ex hedge fund co founder of Soros Fund, is long gold but is not buying right now even though he thinks it will go to $2000 sometime in the distant future. He also said this in an Businessweek interview:

What's your outlook for commodities in 2010?

I'm not smart enough to know. But I will say that if the world economy gets better, then commodities will be one of the best places to be because of the shortages that are developing. If the world economy does not get better, commodities will still be the place to be because governments are printing all this money.

Tim Geithner has been under attack lately. How's he doing?

Listen, I have been a critic for years. Geithner should never have been appointed to anything. He's been wrong about just about everything for 15 years.

Do you think he'll lose his job?

Of course he's going to lose his job, because as Mr. Obama realizes that Geithner doesn't know what he's doing, he's going to look for somebody else because he doesn't want to take the heat himself. So he's going to look to blame somebody, and the obvious person is Geithner.

The entire interview is here.

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