I haven’t sold any commodities since the bull market began…I own some gold and if gold goes down, I’ll buy some more…and if gold goes up, I’ll buy some more…gold during the course of (this) bull market, which has several more years to go, will go much higher. – Jimmy Rogers, Bloomberg, December 5, 2008
Kind of speaks for itself doesn’t it?
I know it hurts to hold losing positions, but with the exception of tax loss selling if you have profits to offset (or for the Canadians, recoup), times like these are not when winners sell – it’s when they buy.
If you want some solid analysis why Jimmy Rogers position makes sense, you can read more here.
(Information on this website is NOT financial advice; just my opinion for your reading enjoyment.)
No Comment Received
Leave A Reply