Jim Rogers: Gold to Soar to $2,000 an Ounce in Decade

02-Oct-2010

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







By: Forrest Jones

The price of gold will hit $2,000 an ounce in the next decade or maybe even earlier, says investment guru and commodities bull Jim Rogers.

While governments across the globe print money in effort to right their ailing economies, they will see their currencies remain weak, and weak currencies boosts demand for precious metals.

“Gold will go over $2,000 an ounce certainly in the next 5 to 10 years,” Rogers tells Economic Times.

Gold is currently trading around $1,300 an ounce.

While gold prices are on the rise, silver will perform even better, Rogers says, pointing out that silver has more room to make gains over the coming years.

“I own gold and I own silver, but silver is still 60% below its all time high,” Rogers says.

“Silver — on a percentage basis — will probably go up even more during that period of time.”

Traders in the precious metals markets point out that silver already is making inroads against gold today in terms of price gains.

Since late June, silver has outperformed gold, advancing 17 percent compared with gold’s 5.5 percent gain, according to Bloomberg.

“Silver is trying to catch up with gold,” says Ellison Chu, precious metals manager at Standard Bank Asia.

“Gold is already at a record but silver is quite far from it.”

Concerns that central banks around the world, especially in the United States and Japan, will ease their monetary policies are fueling the demand for metals.

“People are expecting the U.S. dollar to remain weak and putting money into commodities is a good alternative,” Chu says.

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