Jim Rogers: ‘Before this is over, gold might turn into a bubble’

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From Kitco:

Famed investor Jim Rogers, chairman of Rogers Holdings, told Kitco News that while he is not yet buying gold at current levels, a rebound in the yellow metal could cause it to overheat.

“Before this is over, gold could turn into a very overpriced asset, it might even turn into a bubble,” he said.

Rogers noted that while he holds physical gold, he would not buy more until prices drop below $1,000 an ounce.

“I’m still waiting for $950 an ounce, or something like that,” he said.

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